Dow Continues Its Winning Ways Today
New York, NY…The Dow Jones Industrial Average continued crawling back up after last week’s market corrections.
Whew…Markets End Up For The Week
New York, NY…The Dow Ended up 330.51 after a wild, wild week.
Dow Falls Over A Thousand Points Today
New York, NY…The Market’s wild ride continued to day as stocks gave back over 4% today. Many are feeling that all of this may be a good thing as the Fed moves back to normal business and away from the years of Quantitative easing. So while it is causing jitters a move back to a […]
Market Can’t Decide if it is a Bull or a Bear
New York, NY…Some of the lowest jobless claim numbers ever seemed to spook the markets today. Markets just couldn’t handle the good news. Strong earnings..(Even Twitter made money) and other good news gave the markets the jitters on inflation and interest issues.
Unemployment Weekly Claims Lowest Since March 1973…But as a Percentage of Population Lower Still
Washington, DC…The 1973 US population was 211.9 million and we are at 323.1 million this year. So in real terms as a percentage of US population the jobless claims are probably some of the lowest in history. In the week ending February 3, the advance figure for seasonally adjusted initial claims was 221,000, a decrease […]
Dow Treads Water Today….Sometimes Treading is Ok.
New York, NY…After all the shares and other financial instruments traded hands today the Dow Jones average ended down 19.42 today. After the wild swings sometimes ending up about even seemed to return a bit of normalcy to the market. There is always opening bell tomorrow to change the narrative….
The Bull is Bucking the Market Up…(At Least for Now)
New York, NY…The Bull is Bucking the Market Up…(At Least for Now).
Wall Streets the Name & Volatility the Game
New York, NY…It has been a bumpy ride so far for the markets today. So far we have been bouncing along from losses to gains and the market is narrowly down at the moment.
Make H&R Block Your Tax Headquarters This Year
Angels Camp, Jackson, Valley Springs & Ione, CA…You Could Get Up To $3000 The Day You File At H&R Block. Come into an H&R Block tax office in Angels Camp, Jackson or Valley Springs to meet with a tax professional who can handle all your tax preparation needs. Our expert tax preparers can’t wait to […]
Dow Drops on Bonds and Interest Rates
New York, NY…The markets had their roughest day since 2016 on rising interest rates, bonds and a return of inflation worries.
You Could Get Up To $3000 The Day You File At H&R Block
Angels Camp, Jackson & Valley Springs, CA…You Could Get Up To $3000 The Day You File At H&R Block. Come into an H&R Block tax office in Angels Camp, Jackson or Valley Springs to meet with a tax professional who can handle all your tax preparation needs. Our expert tax preparers in Angels Camp, CA […]
Tax Cuts & The Jobs Act 2017 & What It Means For You! ~ By Gail Lee, EA
Arnold, CA…After much debate and wrangling, Congress has given us long awaited changes in how Americans are taxed. Most changes are effective on January 1, 2018. Here are some highlights of many changes as we all prepare for planning opportunities. The increase in standard deductions for personal income tax returns will enable most people to […]
Federal Reserve Raises the Federal Funds Rate to 1-1/4 to 1‑1/2 percent.
Washington, DC…Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further. Household spending has been expanding at a moderate […]
Economy Adds 228,000 in November, Unemployment Holds Steady at 4.1 Percent
Washington, DC…Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care. Household Survey Data The unemployment rate held at 4.1 percent in November, and the […]
Dignity Health and Catholic Health Initiatives to Combine to Form New Catholic Health System Focused on Creating Healthier Communities
Englewood, CO & San Francisco, CA…Catholic Health Initiatives (CHI) and Dignity Health have signed a definitive agreement to combine ministries and create a new, nonprofit Catholic health system. The combination brings together two leading health systems, allowing the organizations to expand their mission of service and create a healthier future for people and communities across […]
Celebrating over 150 Years as Part of Your Community
Angels Camp, CA…Since 1867, we’ve believed in giving back to the communities that we serve in the form of donations, community involvement and volunteer time. Our employees are your friends and neighbors. We believe in working hard to make our communities a better place to live. You’ll notice that many Bank of Stockton employees are […]
Dow Jones Closes At Another Record High
New York, NY….The Dow surged to another record and is now within striking distance of the 24,000 level. Progress on a tax bill, GDP surging and more kept downward pressure off the Bull Market run.
Gross Domestic Product: Third Quarter 2017 Revised Up To 3.3%
Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the third quarter of 2017 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. The GDP estimate released today is based on more complete source data […]
What Will You Pay for Medicare in 2018? ~ From Brian Tewksbury
Murphys, CA…The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018. […]
Economy Added a Robust 261,000 Jobs in October & Unemployment Drops to 4.1%
Washington, DC….Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job […]
$220 Million Multistate Settlement with Deutsche Bank for Manipulating Key Interest Rate
Sacramento, CA…California Attorney General Xavier Becerra today announced a $220 million multistate settlement with Deutsche Bank for fraudulent conduct involving the manipulation of the London Interbank Offered Rate (LIBOR). LIBOR is the rate at which banks lend money to one another. It is a key financial tool that determines interest rates for many financing mechanisms, […]
Men’s Health is Workshop Focus for the Month of November
San Andreas, CA…Men’s health is the topic of a free workshop on Nov. 9 at Mark Twain Medical Center. “Tackle Your Health” is the theme for the 10 a. m. to noon event focusing on lifestyle and health resources for men. A variety of presenters and health resource organizations will be featured and lunch is […]
Deadline Approaching for Undoing a 2016 Roth IRA Conversion ~ From Brian J. Tewksbury
Murphys, CA…If you converted a traditional IRA to a Roth IRA in 2016 and your Roth IRA has sustained losses, you may want to consider whether it makes sense to undo (recharacterize) your conversion. You have until October 16, 2017, to undo your 2016 conversion.* A recharacterization can help you avoid paying income tax on […]
Median Household Income Climbs to New Record of $59,039 According to Census Bureau
Washington, DC…The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased. Median household income in the United States in 2016 was $59,039, an increase […]
Mark Twain Medical Center Hosts Annual Fall Health Fair September 30th
San Andreas, CA…Mark Twain Medical Center (MTMC) will be holding its 19th Annual Fall Health Fair on Saturday, September 30th from 7am to noon at the Hospital Campus in San Andreas. “Our purpose is to serve our community in many ways,” said Bob Diehl, Hospital President. “MTMC cares deeply about the health and wellbeing of […]
Second Quarter GDP Revised From 2.6% to 3%
Washington, DC….Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2017, according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent. The GDP estimate released today is based on more complete source data than were […]
An Uncertain World & Lack of Tax Reforms Sends Dow Lower
New York, NY….The Dow Jones Average succumbed to increasing world uncertainty over North Korea and Wall Street unease on lack of progress on tax reforms. Wall St. is getting increasingly nervous as they had expected movement on corporate tax reforms as one of the initial goals of Trump’s Presidency. The combined factors sent the Dow […]
Economy Adds 209,000 Jobs in July, Unemployment Rate Little Changed at 4.3 Percent
Washington, DC….Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data, Both the unemployment rate, at 4.3 percent, and the […]
ADP National Employment Report: Private Sector Employment Increased by 178,000 Jobs in July
Roseland, NJ…August 2, 2017 – Private sector employment increased by 178,000 jobs from June to July according to the July ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is […]
GDP Rises To 2.6% in Second Quarter
Washington, DC…Real gross domestic product increased at an annual rate of 2.6 percent in the second quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent (revised). The Bureau emphasized that the second-quarter advance estimate released today is based […]