Financial related news.
People who receive a sudden fortune are more likely to be charitable, generous and financially responsible. More than half of Americans say they would share their sudden financial windfall with family, friends and charity, according to a survey BMO Wealth Management released last month. "Receiving an unexpected amount of money or assets can bring feelings [...]
JEFFERSON CITY, Mo. (AP) — At Granny Shaffer’s restaurant in Joplin, Mo., owner Mike Wiggins is reprinting the menus to reflect the 5, 10 or 20 cents added to each item. A two-egg breakfast will cost an extra dime, at $7.39. The price of a three-piece fried chicken dinner will go up 20 cents, to [...]
BALTIMORE (AP) — Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression. Wall Street’s sustained slump has been fueled by investor concerns about lower corporate profits, higher corporate debt, a festering trade war between the United States [...]
WASHINGTON (AP) — Having raised interest rates with steady regularity in recent months, the Federal Reserve may embrace a new message this week: Flexibility. Today, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the [...]
The Ohio Tax Credit Authority has reviewed and signed off on tax breaks for central Ohio projects expected to result in more than $28 million in new payroll. The three projects are set to create 750 new jobs in Franklin, Delaware, Logan and Ross counties Trinity Health Corp. in Columbus is expected to create the [...]
WASHINGTON (AP) — Employers added 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday that the unemployment rate remained 3.7 percent, nearly a five-decade low, for the third straight month. [...]
NEW YORK (AP) — In John Holloway’s early years as an entrepreneur, saving for his own future wasn’t a priority. “I invested a lot of money into one of my first businesses and came out break even at best. I am kicking myself for not setting some of that money aside for retirement,” says Holloway, [...]
The average credit card balance in Columbus was $5,695 in September, a 4.2 percent increase from September 2017, according to a report from CompareCards, a subsidary of LendingTree, an online marketplace for financial services. In comparison, Americans' revolving credit balances grew 3.7 percent nationwide during the same period, climbing to a record $1.041 trillion, according [...]
When it comes to paychecks, Ohio residents’ are a lighter than most other states, according to a recent survey. The state dropped one ranking to 35th, according to surveys from 24/7 Wall Street that go back to that year. The survey listed Ohio with a median household income at $54,021 annually; the seventh-highest population in [...]
NEW YORK — Goodbye iPhones and Facebook feed. Hello power plants and bleach. Since stocks began tumbling two months ago, investors haven’t abandoned the market. At least, not all of it. In recent weeks, as they’ve pulled money out of funds that invest in go-go technology companies, they’ve also been buying utilities, companies that make [...]