Financial related news.
CHICAGO — The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There’s no indication, though, that the recent volatility has brought about large-scale overhauls in retirement planning. “There’s a lot of fear that if you have [...]
Central Ohio’s economy is “stable and continues to strengthen,” according to researchers at the Federal Reserve Bank of Cleveland. “Every major industry sector in the metro area added jobs in the 12 months that ended with March 2018,” researchers Mekael Teshome and Sarah Mattson write in their latest report. And while the Columbus metro area’s [...]
WASHINGTON (AP) — The awarding of Amazon’s second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost? Amazon’s decision will bring to Arlington, Va., and the Long Island City section of New York a combined 50,000 jobs [...]
NEW YORK (AP) — Here’s the challenge when something’s as good as it gets: What comes next? Companies across industries are in the midst of reporting another quarter of gargantuan profit growth, driven by lower tax bills and a growing economy. Amazon said its net income surged more than tenfold during the summer from a [...]
WASHINGTON (AP) — With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week. After the Fed’s latest policy meeting, it’s expected to signal a healthy outlook for the economy but to hold off on any further credit [...]
Central Ohioans are not exactly reliable when trying to live within their means, according to a new report from LendingTree, an online marketplace. Columbus ranks 40th out of the 50 largest metro areas for its residents’ ability to spend within their budgets, according to the report. Residents had 6.7 credit inquiries over the last two [...]
For investors who seek a high nightly rental income, Airbnb might be the best way to go. A more stable source of income, however, would direct real estate investors to single-family properties. Which option is better for the average investor? Well, both. Investment experts say a strategy that mixes types of real estate is key [...]
Real estate investors are generally a determined bunch. Long before “workaround” became standard in American corporate speak, scrappy property investors were employing the practice as a means of getting much needed capital for investments that are otherwise hard to finance. A hard money loan — like any other loan — is a sum of money [...]
Central Ohio’s unemployment rate decreased slightly last month. The 10-county metropolitan statistical area’s not-seasonally adjusted jobless rate was 3.6 percent last month compared with 3.9 percent in September 2017, according to data the Ohio Department of Job and Family Services released Tuesday. The region’s civilian labor force decreased to 1,069,500 people in September, 10,900 less [...]
SEATTLE — Prior to his death last week, billionaire Microsoft co-founder Paul Allen invested large sums in technology ventures, research projects and philanthropy, some of it eclectic and highly speculative. What happens to those commitments now? Outside of bland assurances from his investment company, no one seems quite sure. Allen died in Seattle from complications [...]