February 20th, 20181142Disappointing quarterly results from Walmart helped cause the S&P and Dow to fall Tuesday, after six straight days of gains, according to a Reuters article.
Shares of Walmart, the world's biggest brick-and-mortar retailer, fell more than 9 percent after the company reported a lower-than-expected profit. The company also posted a "sharp drop in online sales growth during the holiday period," according to Reuters.
"The markets were indicating a lower open last night and an increase to the downside came after Walmart reported an earnings miss," said Robert Pavlik, chief investment strategist at Slate Stone Wealt in New York, in the...
February 15th, 20180171The Internal Revenue Service has now issued two separate alerts warning taxpayers about a scam that went from hitting a few hundred victims "to several thousand in just days."
The scam seems to have taken root after several tax practitioners' computers were breached earlier this month. The hackers allegedly gained access to client data, including bank account information. The thieves are using the stolen information to file taxes on behalf of the victims. Because they've used the victims' information, the tax return check is either mailed to the victims' houses or direct deposited into their bank accounts.
"Thieves are then using...
February 14th, 201899176You love everything about your Valentine. You adore their dreamy eyes, contagious laugh and witty banter. You know every detail about their past and their family tree.
But how much do you know about your significant other's financial house? Would you like what you found there?
Money isn't something most people want to bring up in the middle of looking wistfully into their partners' eyes. It's not a sexy topic of conversation. But it's a part of most relationships, anyway. According to Georgia Credit Union Affiliates' 2017 Mid-Year Consumer Survey, 58 percent of Georgians think it's best to combine at least some of their financial...
February 14th, 201880135PSA — it's Valentine's Day.
Did you just inhale sharply and frantically start Googling "last-minute gifts" while simultaneously checking your bank account? Relax. You don't have to pay big bucks to have flowers delivered to your sweetie's doorstep in the next eight hours and you don't have to brave the supermarket rush to grab the last unnecessarily large teddy bear.
The perfect Valentine's Day should simply show how you feel for your significant other — and you don't necessarily need a ton of time or money to get those feelings across.
So, avoid losing the rest of your paycheck to the last bouquet at your local florist, and...
February 14th, 20181128The Consumer Financial Protection Bureau recently released a five-year Strategic Plan meant to keep the agency from "misusing" its powers.
That's according to the CFPB's Acting Director Mick Mulvaney, who has expressed concerns the CFPB was too aggressive in the past.
>> Related: Here are five things you need to know about the CFPB<<
"If there is one way to summarize the strategic changes occurring at the Bureau, it is this: we have committed to fulfill the Bureau's statutory responsibilities, but go no further," Mulvaney said in a statement. "By hewing to the statute, this Strategic Plan provides the Bureau with a...
February 12th, 20180133The Consumer Financial Protection Bureau is getting less aggressive.
That's according to a memo obtained by NPR on Monday. The station reported that the CFPB plans to unveil a "revised mission and vision of the bureau" for 2018 through 2022 which will require the agency to "fulfill its statutory responsibilities but go no further," according to the memo. It also said the bureau should be "acting with humility and moderation."
President Donald Trump's appointed interim director of the CFPB, Mick Mulvaney, has been working for the past several months to lessen the aggression of the agency meant to act as a watchdog on the financial...
February 12th, 20181216Swiss bank Credit Suisse faces a class action lawsuit from the U.S. over write-downs it allegedly took in 2016 and 2016. The bank said the lawsuit is "without merit," according to a Reuters article.
The Swiss newspaper SonntagsZeitung reported Sunday that the bank took $1 billion in write-downs during that time linked to its trading division. The class action lawsuit in New York accuses the bank, its CEO and its finance chief of giving misleading information about risky investments that cost investors millions.
But Credit Suisse said in a statement to Reuters that isn't the case.
"In the last three years Credit Suisse has analyzed...
February 9th, 20181154President Donald Trump signed a bipartisan budget agreement Friday morning, ending the five-hour government shutdown that had begun at midnight.
The spending deal will last for two years, according to an NPR article.
The deal suspends hard caps on discretionary funding and includes a one-time emergency influx of about $90 billion to help with ongoing recovery efforts for the hurricanes and wildfires that have struck the country in recent months.
To find out more about the deal, read the full NPR article. ...
February 9th, 201824135The following article appeared on the Delta Community Credit Union blog Feb.1. Delta Community Credit Union is Georgia’s largest credit union with 24 branches across metro Atlanta and three outside Georgia.
Did you know that money is one of the leading causes of arguments between couples? But finding that happy medium between spending and saving is easier than one might think. We’ve compiled a list of tasks to complete with your significant other to get on the same page when it comes to finances:
Set goals together.
Discuss near-term, short-term and long-term goals that are important to you. These goals may include paying off...
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