Blog

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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13Jan2019

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. After an unpleasant October and November, the S&P 500 dropped 15 percent in value between November 30 and December 24. Even after an astonishing rebound of 5 percent the day after Christmas, the index finished
  • 13 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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27Nov2018

The U.S. Economy Strongly Humming Along

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The unemployment rate continues to decline with a recent report showing the jobless level at 3.7 percent, the lowest since December 1969. GDP growth this year has averaged 3.3 percent for the first three quarters and is expected to come in around 3 percent for the final
  • 27 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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08Nov2018

Housing Market Round-Up: Five Real Estate Trends

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC The housing market in 2018 saw a tight inventory with prices skyrocketing. That is a quick synopsis. But after taking a closer look at home buyers and sellers in 2018, the National Association of Realtors unveiled five real estate trends: Marriage Not Necessary The portion of married
  • 8 Nov, 2018
  • Summit Consumer Receivables Acquisitions, LLC
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