Page 43 - Hampton Pearson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The uk to vote to stay in the European Union, even though polls in recent days have characterized the vote as a coin toss and reports say there are deep divisions throughout the country. As weve reporteds market held captive by the vote moving higher with every poll that favors stay and twitching lower with every one that favors leave. Today the Dow Jones Industrial average closed back above 18,000, gaining 230 points, the nasdaq eed added 76 and the s p 500 rose 27. A final outcome of the referendum wont be known until early tomorrow morning but a new poll out tonight and we have the reporter...

High Interest Rates. Sometimes, believe it or not, topping a 300 annual rate. The goal, it says, is to protect consumers from risky financial products. The industry is bigger than many think. Its market size, 39 billion in revenues. According to pew research, about 12 million americans use payday loans every year. There are some 20,000 payday lending outlets nationwide. Even though the practice is banned in 14 states. Thats more than the number of mcdonalds, which is seemingly everywhere, with 14,000 restaurants in the u. S. Heres eamon javers with a look at the proposed rules. Reporter in kan...

Job growth last month ground to a near halt, surprising just about everyone from wall street to main street to washington. Especially because the labor market had been a pillar of strength for the economy. Just 38,000 jobs were created last month, well below the estimate of 158,000. The Unemployment Rate dropped to 4. 7 , but that was because nearly 500,000 people stopped looking for work. The one bright spot may be the slight, and i do mean slight, increase in average Hourly Earnings. Hampton pearson has more on mays big jobs miss. Reporter the slowest monthly job growth in nearly six years s...

Lowered the Economic Growth outlook. If growth is anemic, dont expect as many Interest Rate increases. Not this year, not next and not even in 2018. That is a big shift in the Central Banks thinking since the fed chairs last news conference. Hampton pearson has more on what has changed and what the fed is sayiow halfway through 2016, fed chair janet yellen and her monetary advisers are still on hold when it comes to raising key short term Interest Rates. We really need to look at the data and pre specify a timetable. So im not comfortable to say its in the next meeting or two. But it could be....

Every time memorial day comes around, the old market cliche gets passed around. Sell in may and go away. In other words, are you better off taking a vacation from the markets and enjoying what you can during a summer vacation, like in summers past, this year a number of reasons why markets could get a bit jittery. I think as we look at head winds or what could cause markets to falter perhaps in the months to come, not only is the fed raising rates, potentially, a source of volatility depending on if they manage expectations properly, of course, the brexit vote, the referendum on whether or not...