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Consumers Angry at Credit Card Companies

added: 07-10-2009

Credit card holders are angry. More than a one-third (32%) have paid off and closed a card since January 2008, and half of those that canceled did so in direct response to the actions of credit-card issuers, such as cutting limits, hiking rates, or imposing fees, according to a national poll by Consumer Reports.

Burst Media Survey Reveals Consumer Spending to Be Flat This Holiday Season – But More Online

added: 07-10-2009

Burst Media,a leading provider of advertising representation, services and technology to independent Web Publishers, released the results of a survey focused on consumer’s 2009 holiday spending outlook. Administered last month to over 2,300 adults 18 years and older, the survey found that 62.8% of consumers plan to spend the same or cut back on their holiday purchases compared to 2008. Although consumers plan to hold tight with their spending this holiday season, 85.3% of respondents will shop online.

National 30-year Fixed Mortgage Rate Falls Below 5.00%

added: 07-10-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 4.96 percent, down from 5.02 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Rates for 15-year fixed mortgages fell to 4.39 percent from 4.42 percent, and 5-1 adjustable rate mortgages fell to 3.85 percent, down from 3.94 the week prior.

Economic Improvements Will Help Drive 11.2 Million Light Vehicle Sales in 2010

added: 06-10-2009

The outlook for U.S. light vehicle sales is beginning to improve, according to a recent R. L. Polk & Co. analysis. Polk estimates new light vehicle sales in 2010 will be up 9.6 percent over 2009, to 11.2 million units, with third quarter 2010 sales estimated to be the strongest, at an anticipated 28 percent of the annual total.

Inflation Won't Bring U.S. Back to 'Good Times'

added: 06-10-2009

Most people in the U.S. want to go back to when the 'times were good,' not realizing that the 'good times' they remember were nothing but an illusion created by the Federal Reserve's artificially low interest rates.

The Conference Board Employment Trends Index Edges Up in September 2009

added: 06-10-2009

The Conference Board Employment Trends Index (ETI)™ increased 0.3 percent from the revised August number, the first increase since January 2008. The index now stands at 88.5 and is down 15.6 percent from a year ago.

U.S. Employment Situation in September 2009

added: 06-10-2009

Nonfarm payroll employment continued to decline in September (-263,000), and the unemployment rate (9.8 percent) continued to trend up, the U.S. Bureau of Labor Statistics reported. The largest job losses were in construction, manufacturing, retail trade, and government.

Cautious Small Business Owners Expect Lift in Sales and Profits Amid Flat Hiring Outlook

added: 03-10-2009

Six out of 10 U.S. small and mid-sized business owners are considering belt-tightening actions with their labor forces during the next six months amid cautious optimism about their sales and profits and little hope for a boost from the federal stimulus program any time soon, according to the PNC Economic Outlook survey's newest findings.

Economy Not Stopping Canadians From Going Green

added: 03-10-2009

The second annual study of 'Green' Financial Services in Canada found that despite a decline in focus away from issues such as the environment, healthcare and education and sustained focus on the economy, Canadians are adopting more 'Green' financial services. These services include: 'Green' Auto Loans (preferential rates for the purchase of an energy-efficient vehicle), 'Green' Savings accounts (accounts earmarked for investing in energy-efficient companies), 'Green' Auto insurance (reduced rates for customers driving energy-efficient vehicles) and more.

Bank Fees Rise to Record Numbers in 2009

added: 02-10-2009

A new study released by Bankrate, Inc. shows that the costs of checking account fees have risen again this year to an all-time high.

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