Inflation Expected to Return

Inflation Expected to Return

Strong September and August inflation was likely temporary. Energy prices bumped up because of gasoline supply disruptions from Hurricane Harvey’s impact on Texas, but that effect should be temporary. And price increases excluding energy remain modest.

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What I Learned from the 1987 Stock Market Crash

What I Learned from the 1987 Stock Market Crash

A week before the 1987 stock market crash I had all of my investment money in Twentieth Century Ultra, an aggressive stock fund that has since been renamed American Century Ultra (symbol TWCUX). That included money to pay for my stepson’s college starting in less than a year. But I escaped from the ensuing market meltdown unscathed. And I learned some important lessons from the crash and its aftermath. Read more

Least Tax-Friendly States in the U.S.

Least Tax-Friendly States in the U.S.

Depending on where you live, state income taxes and property taxes could cost you thousands of dollars every year. High sales taxes or gas taxes could slowly drain your funds every time you pull out your wallet. And it could get worse: Tax-reform proposals in Congress seek to eliminate or cap the federal deduction for state and local taxes paid, making their impact on your wallet that much greater. Read more

Equifax Breach: What You Should Do

Equifax Breach: What You Should Do

One of the gatekeepers to your most sensitive personal information was hacked, bigtime. Here’s how to protect yourself.

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Hurricane Harvey to Hike Gas Prices

Hurricane Harvey to Hike Gas Prices

Drivers can expect to pay more at the gas pump when they hit the road for Labor Day weekend. Devastating floods unleashed by Hurricane Harvey have taken more than 10% of the nation’s oil-refining capacity offline, which means less fuel available during one of the busiest travel weekends of the year. The storm itself has weakened, but the flooding along the Texas and Louisiana coasts is still worsening, which means it’s too early to say when the region’s refineries can return to normal operations.

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U.S. Trade Deficit Headed Up in 2017

U.S. Trade Deficit Headed Up in 2017

Despite a pickup in exports, the deficit on trade continues to run well above last year’s levels as U.S. consumers buy up foreign-made goods, from cars to cellphones. For 2017 as a whole, the gap will widen by 4% after back-to-back $500-billion deficits in 2015 and 2016, which is certain to aggravate global trade tensions.

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UPS tops Street 1Q forecasts

UPS tops Street 1Q forecasts

ATLANTA (AP) — United Parcel Service Inc. is reporting first-quarter net income of $1.16 billion.

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