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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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19Feb2019

The U.S. is Experiencing a Consumer-Driven Market

By Selina Stoller, Summit Consumer Receivables Acquisitions, LLC *** Consumers are driving the U.S. economy and still have their foot on the pedal. Rapid hiring and the lowest unemployment in several generations are boosting wages and making Americans better off financially. Recent data shows the U.S. economy has produced record job openings with an outstanding

• 19 Feb, 2019
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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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
• Josh Smith

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