After huge news in Detroit, we decided to go international for This Week in Financial Blunders. Read this week’s edition to see what made the cut.
Black Friday 2013 marked the first Black Friday since 2009 that spending declined, increasing the chance that retailers will extend discounted items. Purchases at stores and websites fell 2.9%.
Initial jobless claims fell a sharp 21,000 to 323,000 for the lowest level since the government shutdown lifted claims in the first half of October.
The U.S. homeownership rate rose from its lowest level in 18 years. The share of Americans who own their homes was 65.3% in the third quarter, up from 65% in the previous three months, the Census Bureau reported.
Like a cold breeze running up your spine on a brisk November day, financial blunders are hard not to notice. You try to ignore them like an impending winter, but they’re going to happen either way. Let’s take a look at what This Week in Financial Blunders has in store for us.
Despite the economic shutdown, job growth unexpectedly surged in October. The U.S. economy added 204,000 jobs, according to the Bureau of Labor Statistics.
The biggest financial blunder one can do in their personal life is typically junk food-related. That late night fast food run, pizza order or tub of ice cream always sounds like a great idea at the time, but it ends up thinning out the wallet and plumping your waist line. That’s why, in this edition of This Week in Financial Blunders, we focus on business struggle in the world of junk food.
Senate Democrats were three votes short of advancing the nomination of U.S. Congressman Mel Watt to head the agency that oversees the Fannie Mae and Freddie Mac mortgage groups. Read about this and more in this week’s Market Update.
The Federal Reserve sends out monthly updates on the state of the economy and the spending actions of the Reserve. It’s pretty difficult to understand so, as usual, we’ve broken it down for you in plain English so you can get a better grasp on what’s going on with our economy and governmental spending.
After consecutive weeks of inching upward/remaining the same, mortgage rates dropped. Not just a little bit, either. In fact, rates dropped to their lowest point since June last week.