US Household Debt Rose Last Quarter at Fastest Rate Since 2007

U.S. household debt jumped in the fourth quarter at the fastest pace of this expansion while wealth gains continued amid a rising stock market, underscoring the forces behind recent strength in consumer spending, a Federal Reserve report showed Thursday.
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Bragi Fjalldal, CMO, vice-president, product and business development at banking software company Meniga, says the move could finally be a wake-up call to the banking sector. “Amazon are about to prove that it is possible to disrupt banking without a banking licence,” he says. “If Amazon asks a bank
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Alphaone Investment Services Llc decreased its stake in Micron Technology Inc (Put) (MU) by 12.52% based on its latest 2017Q3 regulatory filing with the SEC. Alphaone Investment Services Llc sold 67,300 shares as the company's stock rose 19.14% with the market. The institutional investor held
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Several other brokerages have also weighed in on GOLF. SunTrust Banks reissued a “buy” rating and set a $24.00 price objective on shares of Golfsmith International in a report on Friday, January 26th. KeyCorp set a $26.00 price objective on shares of Golfsmith International and gave the stock a “buy”
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Shawbrook Commercial Property managing director Karen Bennett revealed the ongoing process as part of a wide-ranging interview with Specialist Lending Solutions covering the investor mortgage market. Bennett also noted the lender was seeing investors begin the transition process from individual
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The ESM is also to become a financial backstop to the Single Resolution Fund (SRF), which finances the winding-down of failed banks and is … The euro zone also wants to complete its banking union, by creating a euro zone-wide deposit insurance scheme which would boost the confidence of savers
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According to Zillow's 2018 Best Markets for First-Time Buyers Analysis, first-time buyers in the U.S. looking for an affordable home without much competition may have the best luck in the State of Florida, with both Tampa and Orlando ranked high in the Top 10 best cities for first-time home buyers in 2018.
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Worn by women, or in more cases, by babies on their birthdays, hat ornaments reached popularity in the Ming and Qing dynasties (1368-1911 AD). In addition …
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President Donald Trump said Gary Cohn might return to his administration some day even as he teased the departing economic adviser for being weak on tariffs. Trump told reporters at the beginning of a cabinet meeting Thursday that Cohn might come back but probably not in the same job, joking that
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Bitcoin investors seething over a clampdown on Japanese cryptocurrency exchanges and renewed regulatory scrutiny of trading venues in the U.S. now have bigger fish to fry as they assign blame for the recent price decline. They're citing the attorney Nobuaki Kobayashi, known as the Tokyo “whale,”
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A total of 138,410 entities—both individuals and companies—were flipping homes last year, up 4 percent from the 133,407 entities that flipped in 2016, reaching the highest level since 2007. Another peak was set with the total dollar volume of financed home flip purchases: $16.1 billion for homes flipped
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In late 2016, Maha Hammad was hired as treasury services specialist at Bank on Buffalo. But her role goes beyond cash management solutions for businesses. She is the designated wellness director for Bank on Buffalo, a division of CNB Bank in Clearfield, Pa. Next week, Hammad is in charge of the
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CBS has long taken pride in being the most-watched TV network. It may need a new slogan. With the Super Bowl and the Olympics this year, NBC has built a sizable lead over CBS in total prime-time viewers. If that holds through the end of the TV season in May, it would mark the first time that NBC
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The county's fourth-tallest tower has sold for $147.25 million to KBS Capital Advisors. City Tower in Orange, adjacent to the UC Irvine Medical Center, is 302 feet tall, putting it behind Irvine Spectrum's twin towers at 323 feet and 520 Newport Center Drive at 315 feet. (Courtesy of NFK Capital Markets).
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Other online lenders targeting prime borrowers, like Lending Club and Prosper, typically spend $350-$450 to acquire each customer, industry experts say. Lenders who specialize in student loan refinancing might pay slightly more, as justified by loan sizes that extend into the six figures. Lenders who
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Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.39, from 0.77 in 2017Q2. It improved, as 7 investors sold Orthofix International N.V. shares while 48 reduced holdings. 23 funds opened positions while 41 raised stakes. 16.83 million shares or 1.08% less from 17.02 million shares in 2017Q2
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The European Central Bank unexpectedly tweaked its policy language, signaling its confidence in the euro area's economy even amid concern over trade wars and resurgent populism. Policy makers dropped their explicit pledge to expand the size of their bond-buying program if necessary, while
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It's all the more impressive given the strong housing market. The existing home inventory is “tight,” Dietz said, and the cost of single-family homes is rising faster than incomes. Given those conditions, it's possible even more members of Generation Z could own homes, but the prices might be too high at
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The Bank of Ayudhya (Krungsri)'s SME Banking Group has announced its business strategy for 2018, aiming to become the main operating bank for SME customers through synergy with Mitsubishi UFJ Financial Group (MUFG). It targets a eight-per cent growth in SME loans this year, said Sayam
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Andrews said he is willing to go to court if necessary to stop the tree removal. He is doing research with a title company and has contacted a lawyer to prepare for any court litigation. He spoke to a spokesman for Sunoco recently and was told by the company that it would delay any cutting until March 19
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