Dollars and Cents No more passing them by when you see one on the sidewalk. Forget about wasting a couple by putting them in your loafers. And don’t even consider throwing them into a wishing well! The Treasury Department...
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Election years, particularly presidential elections, traditionally come into focus after Labor Day. This is when many American voters become fully engaged with the process. With that in mind, we often get the question: “Politics aside, which way is best...
I watch many economic trends and business issues evolve as a financial professional. The rapid rise of artificial intelligence (AI) during the past year has been remarkable, and it has spotlighted the fast-paced decision-making in the US tech industry....
Many were concerned about the computer outage that affected everything from travel to doctor’s offices to bank and investment accounts. It seemed like the world, specially the travel airlines, were at a standstill. It was a bit of a...
Have you seen the grocery store signs that say, “Buy one, get one,” or “Buy one at $4.99, or get four for $2.99 each?” It’s a concept called “spaving,” a time-tested marketing strategy designed to get consumers to spend...
The Federal Reserve meets 8 times a year to discuss raising, lowering, or keeping interest rates the same. The meeting is over two days, the first being a broader discussion by the Fed Committee, which continues into the next...
This week’s blog post is inspired by Mark, who asks, "How much stock should I hold in my portfolio to get an investment return of 30% a year?" The answer isn't what you think it may be, because investment...
In today’s fast-paced world, the need for quicker, more efficient payment methods has become increasingly essential. The Federal Reserve announced on July 20, 2023 the launch of its instant payment system, the FedNow® Service. Designed to provide faster and...
Banks are financial institutions that provide various services to individuals and businesses, such as checking and savings accounts, credit cards, loans, and investments. But how do banks make money from these services? Here are some of the main ways...
A topic we have been discussing in our meetings is the concept of year-over-year inflation. Near the middle of each month, all eyes have been glued to the monthly CPI (Consumer Price Index) and inflation number. At one point...