1 Time When Balance-Transfer Credit Cards Don’t Make Sense

  • April 1, 2017
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The dangerous thing about using credit cards is that if you don’t use them carefully, you can wind up neck-deep in debt — and getting out of that debt will cost you dearly. If you’re paying off a $10,000 balance over two years, and your APR is 18%, then you can expect to pay about

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Balance-Transfer Credit Cards Part 2

  • April 2, 2017
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Although a balance transfer to a 0% card may sound inviting, you need to be aware for the 2%, 3%, or even 4% that is charged upfront for the transfer. The interest rate may be lower that the current location of the debt, but what is the term of the new offer? You effective rate

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Power surge in U.S. jobs might get short-circuited in March

  • April 2, 2017
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The American jobs engine got off to a explosive start in the first two months of 2017 as the economy added nearly half a million new workers, but keeping the pedal to the metal will be hard to sustain. After 238,000 people were hired in January and 235,000 in February, Wall Street looks for a

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U.S. trade deficit widens in March

  • April 27, 2017
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An early look at U.S. trade patterns in March shows a 1.4% widening in the nation’s trade deficit. The trade gap in goods—services are excluded—widened to $64.8 billion in March from $63.9 billion in February, the government said Thursday in its advanced report. This widening of the deficit only partially reversed a sharp narrowing in

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Dollar firms as manufacturing data seen supporting Fed rate hikes

  • April 3, 2017
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The dollar firmed moderately against leading rivals Monday ahead of U.S. manufacturing data that’s expected to show little change from recent readings, but likely won’t sway the Federal Reserve from plans to raise interest rates again this year. Accordingly, the dollar’s moves were limited so far.

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Construction spending rebounds in February

  • April 3, 2017
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Construction spending rebounded in February, as builders took advantage of the warm weather to put up more houses. Construction spending rose a seasonally adjusted 0.8% in February, the Commerce Department reported. Though expectations were for a 1% gain, January’s decline was revised upward to now show a 0.5% decline instead of a previously reported 1%

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U.S. trade deficit drops 10% in February

  • April 4, 2017
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The U.S. trade deficit sank almost 10% in February, aided by an increase in exports to a 26-month high and a plunge in imports of autos and cell phones. The deficit fell to $43.6 billion in February, more than canceling out a big increase in January that raised the nation’s trade gap to a five-year

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ISM non-manufacturing index hits 55.2 in March, vs. 57 estimate

  • April 5, 2017
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Economic activity in the non-manufacturing sector grew in March for the 87th consecutive month, the Institute of Supply Management reported on Wednesday. The institute’s non-manufacturing index hit 55.2 in March, down from 57.6 in the previous month. This represents continued growth in the non-manufacturing sector at a slower rate, the group said.

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Pending-home sales lurch lower as inventory tightens further

  • April 27, 2017
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A gauge of pending home sales declined in March as inventory continued to tighten. The National Association of Realtors’ index fell 0.8% to a reading of 111.4, the group said Thursday.

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Fed Minutes: Members Anticipate Changes to Balance Sheet Later This Year

  • April 5, 2017
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Minutes from the Federal Reserve’s March meeting showed members anticipate gradual increases in the benchmark federal fund rate to continue this year while changes to the balance sheet are likely appropriate later in 2017 .

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