The mix of global-market uncertainty and the decision by the Federal Reserve to restrain interest rates has contributed to mortgage rates’ record low levels since May 2013. Today, according to a survey done by Freddie Mac, 30-year fixed-rate mortgages have sunk to 3.54 percent. The rate for 15-year mortgages is now 2.81 percent. In November… Continue Reading
Beginning on July 1 Amazon.com, Inc will drastically reduce the fees it charges merchants to sell items such as screen protectors, USB cables, and other small flat products that can easily fit into an envelope. This move is a direct competitive threat to giant companies it competes with like eBay, Alibaba Group Holding Ltd, and… Continue Reading
Prime Minister of India Narendra Modi is in the United States talking to some of the US’s most successful companies in order to persuade them to do more business in one of the world’s most populated countries. It looks like Modi has had some success, getting to company’s such as Walmart and Apple to invest… Continue Reading
Summer is here, not only causing the temperatures outside to rise, but also the price of oil. The warmer months mean vacations and increased driving, which in turn drives up oil prices as demand climbs. The rise is for American oil; internationally prices were kept down by increased output in the Middle East, which caters… Continue Reading
As Hewlett Packard Enterprise continues to re-structure its operations to state competitive in the world of high-tech, it has decided to sell off its business services division to its competitor Computer Sciences Corp. HP Enterprise will earn about $8.5 billion for its shareholders from the deal. The unloading of the business division will allow HP… Continue Reading
Good news for the economy: The overall sales rate grew fastest since March 2015, showing a gain of 1.3 percent this month compared to last month. Car sales also improved, surging by 3.2 percent; an excellent performance coming off of last month’s drop of 3.2 percent. Total retail sales in March were even better… Continue Reading
The Republican party has traditionally been the political home of business in America. This usual refuge of the wealthy and small-government minded electorate are having their presumptions stood on their heads as Donald Trump appears likely to be the Republican nominee for president in the upcoming election. Just as mainstream Republican party supporters have watched… Continue Reading
Warren Buffet, a financial guru for many in the US, says the US economy will continue to grow whether Hillary Clinton or Donald Trump wins the Presidential election. Though neither candidate is yet officially running for president, by the end of the summer, after the Republican and Democratic conventions choose their candidates, the most likely… Continue Reading
We keep hearing that the economy is recovering, if it hasn’t already recovered, from the disastrous economic climate which began with the crash of 2008. Yet many Americans still feel insecure about the future. They are not imagining things: hard statistics unfortunately supports this negative feeling. • The middle class is getting smaller while the… Continue Reading
Due to intense global competition in the aviation industry, Boeing is reportedly planning to reduce its workforce by 8,000 jobs, representing 10 percent of its Washington State employees. The aerospace giant said it will eliminate 4,000 jobs in its commercial airliner division. Approximately one third of those cuts will come from voluntary resignations, while the… Continue Reading