June 8, 2020
June 8, 2020
Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
June 8, 2020
June 8, 2020
Today, the National Bureau of Economic Research said the U.S. economy peaked in February, ending the longest expansion in U.S. history at 128 months, or about […]
May 19, 2020
Spending on JPMorgan Chase & Co. credit cards plunged 40% for the average U.S. family at the start of the coronavirus slowdown, an “enormous” drop that […]
April 6, 2020
April 6, 2020
Americans increasingly were worried about losing their jobs and expected to curb their growth in spending in the wake of the coronavirus outbreak, a March survey […]
April 6, 2020
April 6, 2020
Visa once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in cardholders’ […]
March 23, 2020
March 23, 2020
We hope this note finds you and your families safe and healthy during this time of turmoil and uncertainty. Throughout the world, society is taking unprecedented measures […]
March 11, 2020
March 11, 2020
It’s hard to believe that less than three weeks ago the S&P 500 closed at an all-time high. This was largely due to the enduring strength […]
March 10, 2020
March 10, 2020
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. Consumer sentiment rose to 101.0 in February, nearly matching […]
March 9, 2020
March 9, 2020
American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new […]