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13May2019

Millennials Face Tough Financial Implications

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** In the United States, debt is a huge aspect of the economy. This is especially true for millennials, the largest living generation, who are entering their prime years of earning and spending – all while carrying massive amounts of debt. As the cost of living in
  • 13 May, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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01May2019

S&P 500 Hits Record High

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The S&P 500 officially reached an all-time high. At the close of business Monday, the broad index gained 0.1 percent to 2,943.03, breaking the previous record high set in September. Financials led the gains in the S&P 500 climbing 0.9 percent. The tech-heavy Nasdaq Composite also
  • 1 May, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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23Apr2019

Gas Prices Surging Across U.S.

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   Retail U.S. gasoline prices are set to climb for a sixth straight week. After a prolonged period where gasoline prices stayed at relatively low levels, prices are escalating as Spring approaches. Gas prices are starting to surge across the country averaging $3 a gallon with
  • 23 Apr, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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05Apr2019

US Market Has Strongest First Quarter in 21 Years

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The U.S. saw a shift towards a more stable, less cyclical economy in March. U.S. stocks are holding steady despite what many experts see as a reliable (but not immediate) recession signal. The end of March showed a so-called inversion in the yield curve – which
  • 5 Apr, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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28Mar2019

Mortgage Rates Drop After Fed Announcement

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The Fed has given the market what it wanted – it’s ending balance sheet reduction in September. A key announcement was made on Wednesday by the central bank revealing the Federal Reserve’s program to reduce the bonds it holds on its balance sheet to end in
  • 28 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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21Mar2019

Our Current Economy: Jobs, Jobs, Jobs

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   According to the Bureau of Labors and Statistics Friday report, job vacancies in the U.S. rose to a new high of 7.6 million in January as employers continue to search for qualified applicants to fill positions. In comparison, the Job Openings and Labor Turnover Survey
  • 21 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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14Mar2019

February Job Growth Stalls

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   Despite job growth stalling in February, experts are still optimistic about America’s economy. February’s job growth slowed to just 20,000 payrolls added – significantly less than the 311,000 added the previous month. January’s job growth numbers were just a highlight of the bigger economic picture.
  • 14 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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05Mar2019

March Market Should Get Answers

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Even though U.S. stocks declined at the end of the day, investors are closer to getting highly anticipated answers to long-standing questions. Monday’s drop in the major U.S. equity indices comes following the Dow’s first weekly decline in 2019. The S&P 500 fell 0.39 percent as
  • 5 Mar, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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26Feb2019

Fed Mandated To Answer For Interest Rates

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Americans should get some answers soon about the future of interest rates. Fed Chairman, Jerome Powell heads to Capitol Hill this week for his congressionally mandated testimony before House and Senate committees. Wall Street is hoping Powell eases market fears and conveys the Federal Reserve’s intentions
  • 26 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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19Feb2019

The U.S. is Experiencing a Consumer-Driven Market

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Consumers are driving the U.S. economy and still have their foot on the pedal. Rapid hiring and the lowest unemployment in several generations are boosting wages and making Americans better off financially. Recent data shows the U.S. economy has produced record job openings with an outstanding
  • 19 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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