Tag Archives: Savings

The reaction to retail earnings this week may be too bearish on the state of the consumer, says one investing expert. “Candidly, I think some of the read on the retailers is more pessimistic on the state of the consumer than what our data shows,” Andy Sieg, president of Merrill Wealth Management, told Yahoo Finance Live on Thursday. “When we look at checking and savings accounts across Bank of America, we see our client base, which is 67 million households across the U.S. in strong… Source link

U.S. consumers have begun to feel reverberations from the Federal Reserve’s interest rate hike earlier this month in some areas of their lives, but not in others. Unfortunately for those consumers, it’s all the wrong places — their savings accounts haven’t budged. Mortgage rates jumped immediately from 4.16% to around 4.5%, and are now ticking up close to 5%. This sent the number of applications down 8.1% the following week, according to the Mortgage Bankers Association. The average… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter. The report from the Commerce Department on Wednesday, however, showed the rebound in sales in January was much stronger than initially estimated. Record gasoline and high food prices are hitting lower-income households… Source link

Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) could save a whopping $1 billion annually if employees continue to work from home the rest of the year and not travel, book trips and hotels online due to the COVID-19 pandemic, according to a company filing. What Happened: Google saved $268 million in expenses from company promotions, travel and entertainment versus the same period a year earlier, primarily as a result of COVID-19, the company said Wednesday. That equates to more than… Source link

If there’s one negative aspect to life at record low interest rates, it’s earning almost nothing on the cash you have saved at a bank. Certificates of deposit, or CDs, which require you to lock up savings for a predetermined amount of time offer slightly better interest rates, but not much better than the paltry 0.07% annual percentage yield (APY) that is the current national average for savings accounts, according to Bankrate. But one crypto startup, BlockFi, is letting users earn at a… Source link

Target Cyber Monday 2020 deals are here with massive savings on smartphones, laptops, tablets, wireless headphones, TVs and more. Below is a list of my favorite deals along you should checkout before they are gone. Tip: bookmark this page, because deals updated regularly. (Updated 11/30) Target’s Black Friday 2020 sales are here Mike Mozart MORE FROM FORBESApple Cyber Monday 2020: AirPods Pro, iPad, iPhone, New MacBook Pro DealsBy Gordon Kelly Cyber… Source link

Check out the top Chromebook deals for Cyber Monday, featuring sales on Google, Samsung, ASUS and Acer Find the latest Chromebook deals for Cyber Monday 2020, including offers on best-selling touchscreen Chromebooks such as the ASUS Chromebook Flip. Links to the top deals are listed below. Best Chromebook Deals: Save up to 26% on the latest HP Chromebooks at HP.com – shop the HP Chromebook range featuring chrome OS, Intel Celeron Processors and HD touch displays  Save up to 45% on a wide… Source link