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Entries from August 15th, 2011

Consumer Spending Up, Consumer Sentiment Down?

August 15th, 2011 · No Comments · Economy

In light of economic challenges, can the increased level of U.S. consumer spending in July sustain itself? A new survey suggests most consumers don’t think so.

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Capital One Buys HSBC U.S. Credit Card Business

August 12th, 2011 · 6 Comments · Credit Cards

Capital One has decided to purchase HSBC’s U.S. credit card business for $2.6 billion.

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Food Stamps Help Record Number of Americans in 2011

August 11th, 2011 · No Comments · Budgeting

As reported by The Consumerist, 45.8 million of us are depending on government assistance to feed our families.

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Downgrade Aftermath: Fed Promises Ultra-Low Interest Rates, Geithner Stays On Job

August 10th, 2011 · No Comments · Economy

In an unprecedented promise of sorts, the Fed says it plans on keeping interest rates ultra-low through mid-2013.

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