Finance

FRB News: Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Bank of New York, Minneapolis

Federal Reserve Board approves increase in the discount rate WASHINGTON – The Federal Reserve Board has approved actions on Thursday by the Boards of Directors of the Federal Reserve Banks of New York and Minneapolis, increasing the discount rate (the primary credit rate) at the Banks from 2-1/2 percent to 2-3/4 percent, effective immediately. SOURCE: … Continue reading FRB News: Federal Reserve Board approves action by the Boards of Directors of the Federal Reserve Bank of New York, Minneapolis

It’s not just you: Majority of car shoppers feeling gas prices’ pinch at the pump

A vast majority of Americans have been feeling the pinch of rising gas prices over the past six months, a study by Autolist.com found. Eighty-nine percent of current car shoppers have noticed higher gas prices in their area since the beginning of 2018, according to Autolist’s poll.  Just seven percent said they hadn’t noticed an … Continue reading It’s not just you: Majority of car shoppers feeling gas prices’ pinch at the pump

Georgia News: Goveror Nathan Deal issues emergency declaration for all 159 counties

ATLANTA, GA – Based on the latest 11 a.m. forecast for Hurricane Florence and acting on a recommendation from Georgia Emergency Management and Homeland Security Agency (GEMA/HS) officials, Governor Nathan Deal today issued an emergency declaration for all 159 counties in Georgia. “The state is mobilizing all available resources to ensure public safety ahead of … Continue reading Georgia News: Goveror Nathan Deal issues emergency declaration for all 159 counties

United States Courts News: Bankruptcy Report Gives Details on 2017 Filers

Consumers filing for bankruptcy in 2017 reported aggregated assets of $80 billion and aggregated total liabilities of $105 billion, according to an annual report filed by the Judiciary with Congress. The report, required by Congress under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, describes the activities of individuals with predominantly consumer debt.  … Continue reading United States Courts News: Bankruptcy Report Gives Details on 2017 Filers

National Financial News: Federal Reserve Board releases results of supervisory bank stress tests

WASHINGTON – The nation’s largest bank holding companies are strongly capitalized and would be able to lend to households and businesses during a severe global recession, according to the results of supervisory stress tests released Thursday by the Federal Reserve Board. The most severe hypothetical scenario projects $578 billion in total losses for the 35 participating … Continue reading National Financial News: Federal Reserve Board releases results of supervisory bank stress tests

Saudi Stock Exchange Joins FTSE Global Equity Index Series

WASHINGTON (STL.News) On Wednesday March 28, 2018, The Saudi Stock Exchange (Tadawul) was pleased to highlight the announcement by FTSE Russel noting that Tadawul will be classified as a “Secondary Emerging” market in the FTSE Global Equity Index Series, moving up from its previous status as “Unclassified”.  This decision followed a series of market enhancements … Continue reading Saudi Stock Exchange Joins FTSE Global Equity Index Series

Cryptocurrency Mining Ventures Skyrocketing as Bitcoin Value Edges up This Week

(STL.News) The interest for digital currencies appears to be rising again of late and in turn, cryptocurrency mining operations are starting to pick up steam as the currency once again attempts to assert itself as a mainstay in the global economy.  Although cryptocurrency mining has been in existence for 10 years, the momentum is currently … Continue reading Cryptocurrency Mining Ventures Skyrocketing as Bitcoin Value Edges up This Week