Blog

19Sep2018

US Job Openings Hit New Peak

 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC . The Labor Department’s Job Openings and Labor Turnover Survey reported a record high in available jobs during the month of July at just shy of 7 million. According to the Washington Post, the United States has a job opening for every unemployed person in the country.
  • 19 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
12Sep2018

Economic Boom Continues After August 2018 Reports

 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC .   White House economic advisor Larry Kudlow believes the U.S. economy is keeping up the momentum. “The economic boom continues,” he said on CNBC, citing the August jobs reports and the month’s wage gain data. “It’s the big story of 2018. Jobs, growth, wages. It doesn’t
  • 12 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
05Sep2018

Consumer Spending Hits All-Time High

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Consumer spending is back and better than ever. A healthy U.S. economy, rebounding consumer confidence, record low unemployment is benefiting some major retailers. Target CEO, Brian Cornell says the company saw unprecedented growth in same-store sales and foot traffic during the second quarter of 2018. The retailer’s
  • 5 Sep, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
28Aug2018

US and Mexico Reach Trade Deal

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Stocks jumped on Monday as the United States and Mexico made a new trade deal. The Dow Jones Industrial Average jumped more than 250 points after President Trump announced the United States-Mexico Trade agreement potentially removing uncertainty plaguing investors for months. “The name NAFTA has bad connotation
  • 28 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
22Aug2018

Small Business Confidence Hits Record High

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Small-business confidence in the United States is at a record high. Thanks to a strong U.S. economy, small-business confidence is continuing to climb to record levels. In a deregulatory environment, jobs and the economy have become the top issues for small companies according to the latest
  • 22 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
17Aug2018

Is the U.S. Economy Winning the Trade War?

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   America’s trade war is becoming a major topic of conversation around the world. President Trump so far has a clear and major trade advantage: The U.S. economy is booming. “We have to realize that perhaps China isn’t as strong as when we at first think. China
  • 17 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
14Aug2018

Bull Market Could Be Longest Ever

. By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   America’s current bull market could become the longest in history this month. According to CNBC, a bull market is any time period where stocks are going up in value (at least 20 percent). A few specific statistics are painting a broader picture of the current
  • 14 Aug, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
27Jul2018

Home Sales Fall While Prices Rise

July 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Home sales are falling as prices hit record highs. Economic experts forecasted existing home sales, which make up 90 percent of the U.S. home sales, to rise 0.5 percent in June, but their prediction was wrong. U.S. home sales unexpectedly fell in June –
  • 27 Jul, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
12Jul2018

Save Money with Smart Lending

July 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC   Most people need a loan at some point to make a big purchase, help make ends meet, or pay for an emergency. Only 39 percent of Americans can fully cover a $1,000 setback using their savings and Americans are taking on increasing amounts of
  • 12 Jul, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
03Jul2018

Millennials Have Financial Focus

July 2018 By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC Currently, 39 percent of Americans have no savings at all. Even worse, the average 2017 graduate has nearly $40,000 in student loans, and millennials are struggling to buy homes. Despite negative reports on American’s personal finances, there are some inspiring data points. Millennials are the
  • 3 Jul, 2018
  • Summit Consumer Receivables Acquisitions, LLC
Read more
Older Posts >>