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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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14Feb2019

Wall Street is Booming Despite First Quarter Warning

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Even though Wall Street is booming, company earnings could soon take a slight downward turn. Profits rose more than 20 percent in the first half of 2018 with lower corporate taxes encouraging growth which helped fuel the market. Stocks are climbing so far this year due
  • 14 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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12Feb2019

The Market’s Mixed Monday

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Stocks were mixed at closing Monday as Wall Street looks ahead to the reassumption of U.S. – China trade talks this week. The U.S. stock market started the week opening slightly higher with trade talks overshadowing fears of a global economic slowdown. At the beginning of
  • 12 Feb, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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31Jan2019

Government Shutdown Estimated to Cost $3 Billion

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The longest U.S. government shutdown in history is expected to cost America $3 billion. Monday’s Congressional Budget Office (CBO) report is projecting an overall $11 billion shutdown price-tag with $8 billion being made up in economic activity as back pay goes out to federal workers. The
  • 31 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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29Jan2019

Federal Reserve To Be Patient in 2019

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** After a year of interest rate increases, the Federal Reserve is looking to be more “patient” in 2019. Following four key interest rate hikes in 2018, Federal Reserve Chairman Jerome Powell has said the central bank will be cautious as it weighs future interest rate hikes
  • 29 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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14Jan2019

What 2018’s Market Mania Means for the New Year

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** The stock market stumbled a bit at the end of 2018.  With all of the ups and downs, it resembles a roller coaster. After an unpleasant October and November, the S&P 500 dropped 15 percent in value between November 30 and December 24. Even after an
  • 14 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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03Jan2019

Government Shutdown Prevents Aid to Farmers

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC ***   The U.S. government shutdown could delay relief payments to farmers. The federal government is still in a partial shutdown due to congressional gridlock over approving $5 billion in funding for President Trump’s proposed southern border wall. The standoff not only impacts thousands of federal workers
  • 3 Jan, 2019
  • Summit Consumer Receivables Acquisitions, LLC
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29Nov2018

Stock Market Jumps After Volatility

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** After a few weeks of volatility, the stock market rebounded thanks to a strong start to holiday shopping. But is this really a short-term bounce or a signal for a sharp drop on Wall Street? The much-anticipated boost came after sellers sliced nearly 2,000 points off
  • 29 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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