China Auto Sales Gain Momentum in September

Last month saw continued improvement in auto sales in China, driven by rising demand for sport utility vehicles (SUVs) in the Asian powerhouse as buyers rush to take advantage of a tax cut. Data made available by the China Association of Automobile Manufacturers on Wednesday showed sales of passenger vehicles, such as cars, SUVs and […]

Trump Win Could Negatively Impact Aussie Dollar

According to news reports, a Trump Presidential win could negatively impact one world currency. Reports indicate that the Australian dollar would suffer if Trump were elected U.S. President. One foreign exchange strategist calls the Australian dollar a “surprise trade” in the economic arena. Boris Schlossberg, who is a managing director at BK Asset Management, said […]

Millennials who took out payday loans overconfident about finances

Earlier this year, it was estimated by tax and consulting firm Pricewaterhouse Coopers and the George Washington University’s Global Financial Literacy Excellence Center that 42 percent of United States millennials took out a payday loan as well as other alternative financial products. Millennials – those born between 1980 and 2000 – are cash-strapped, wary of […]