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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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16May2019

Investors Ride the Market Rollercoaster This Week

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** This week’s market volatility has been a rollercoaster for investors. On Monday, the Dow & S&P had a rough day with the Dow plunging 600 points – the worst since January 3 of this year. The same day, China increased duties on $60 billion of U.S.

• 16 May, 2019
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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