Financial related news.

Central Ohio above average for tech salaries

Central Ohio was among the top metropolitan areas with the highest salaries for technology workers last year. The region ranks No. 26 among 100 metro areas with the average salary of $89,085 for tech workers in 2018, a 1.1 percent increase from 2017, according to "Columbus is Ohio's top city for tech workers — [...]

By | 2019-06-21T11:47:56+00:00 Monday, June 24, 2019|

Stocks don’t always get a boost when the Fed cuts rates

When the Federal Reserve cuts interest rates, or even hints that it’s about to, investors cheer. That’s because lowering rates stokes the overall economy, which sends stock prices higher — usually, that is. The Fed has initiated 16 rate cut cycles since World War II. In 11 of those cycles, the stock market was higher [...]

By | 2019-06-21T09:46:00+00:00 Wednesday, June 19, 2019|

As investors watch trade wars, other problems percolate

NEW YORK (AP) — Once this trade-war cloud gets lifted, investors should have little to worry about, right? Monday’s market action makes it seem that way: Stocks around the world climbed after President Donald Trump withdrew a threat to impose tariffs on Mexico, at least for now. That leaves investors hoping for a deal to [...]

By | 2019-06-14T09:15:01+00:00 Thursday, June 13, 2019|

Senior citizens more likely to work beyond the age of 65 in big metropolitan areas

CHICAGO (AP) — Seniors in major metropolitan areas, especially in the Northeast and around Washington, D.C., are more likely to continue working past age 65 than those in other areas around the country, according to an analysis of Census data by The Associated Press-NORC Center for Public Affairs Research. “Those are the areas where all [...]

By | 2019-06-13T09:15:26+00:00 Wednesday, June 12, 2019|

How to share a deed without an ‘I do’

My partner had a goal: He wanted to be a homeowner by 30. A natural at saving, he built up a down payment throughout his mid-20s. I, on the other hand, always struggled to save. That put us in very different financial positions when it came time to buy a house. We were committed to [...]

By | 2019-06-12T11:43:07+00:00 Tuesday, June 11, 2019|

Consumer spending slows to 0.3 percent gain in April

WASHINGTON (AP) — Consumer spending slowed in April while inflation was up, but still far below the target set by the Federal Reserve. The Commerce Department said Friday that spending increased 0.3 percent in April following a 1.1 percent surge in March that had been the largest increase in nearly a decade. Personal income growth, [...]

By | 2019-06-05T08:21:48+00:00 Tuesday, June 4, 2019|

Cost of buying out flood-prone homes: $5 billion and rising as shores remain vulnerable

MOSBY, Mo. — The residents of this small riverside town have become accustomed to watching floods swamp their streets, transform their homes into islands and ruin their floors and furniture. Elmer Sullivan has replaced his couch, bed and television. He’s torn up water-buckled floorboards. And he put a picket fence against the front of his [...]

By | 2019-05-29T07:46:14+00:00 Tuesday, May 28, 2019|