Blog

01Jul2019

Goldman Sachs: Tesla Won’t See A Boost In Sales

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Tesla Inc. has hit the “as good as it gets” sales mark, Wall Street claims. And according to Goldman Sachs, the company shouldn’t see a major increase in demand in the coming years. But perhaps, analysts aren’t as accurate in their predictions. Analysts claimed that the
  • 1 Jul, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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26Jun2019

Could AI Replace Asset Managers?

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Experts have repeatedly claimed that Artificial Intelligence (AI) threatens a series of professionals across different industries. And now, the institutional asset management industry is learning to deal with the rise of passive strategies, prompting many to question whether they should be afraid AI will replace them.
  • 26 Jun, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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19Jun2019

Report Suggests U.S. Housing Market Could Be Finally Slowing Down

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   The real-estate data firm Attom Data Solutions released a report focusing on home sales across the country, showing the overall trends of 124 housing markets. By looking at homes sold in metro areas and comparing them to how much sellers paid for their house previously,
  • 19 Jun, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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18Jun2019

Bitcoin Trades Above $9,000, Proving Digital Currencies Are Here To Stay

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** After seeing most of their value collapse last year, cryptocurrencies are bouncing back with Bitcoin trading above the $9,000 level. This might be a reason to celebrate — but not for obvious reasons. When compared to last year, Bitcoin’s value is up by 140%. Other cryptocurrencies
  • 18 Jun, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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04Jun2019

Mortgage Rates Drop, Trade War Could Be Helping Housing Market

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Mortgage rates declined sharply while Federal Reserve officials remain firm with their “patient policy.” The trade war between the U.S. and China could actually be helping the American housing market boom. Tensions have made investors rush to the relatively safe haven of the bond market, causing
  • 4 Jun, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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26May2019

Consumer Sentiment and Unemployment Unphased by Trade Tariffs

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The U.S. economy continues to climb with the DOW increasing, consumer sentiment surging, and unemployment dropping. This week the Dow soared nearly 200 points after the U.S. eased trade restrictions with Chinese telecom giant Huawei. The Dow Jones Industrial Average rose 197.43 points to 25,877.33, and the S&P 500 gained
  • 26 May, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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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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