Clarksville, TN – The equity markets, and subsequently investors, experienced some wild swings toward the end of August, spurred in part by China’s faltering economy and a drop in oil prices. On paper, global equities have lost trillions in value after China unexpectedly devalued its currency earlier this month.
The move triggered concern that one of the world’s largest economies, especially its manufacturing sector, is growing at a slower rate. Consumer confidence also declined in August as the stock market turbulence dulled Americans’ outlook for the economy.
Montgomery County, TN – The latest organization to complete the requirements for the Clarksville-Montgomery County Green Certification Program is Service King Collision Repair Centers of Fort Campbell in Clarksville.
Chamber of Commerce Director Melinda Shepard, Montgomery County Public Information Officer Elizabeth Black and CMC Green Certification Steering Committee Member Tim Swaw were there to congratulate Service King Associates for their work.
Clarksville, TN – A sharp drop in China’s stock market rattled investors’ nerves around the world. The Dow Jones Industrial Average fell by more than 1,000 points at the open on Monday, regrouped, and then fell again, leaving the benchmark index down 588.
Volatility continued throughout the week, but investors were encouraged by China’s efforts to shore up its stock market and support economic growth. Oil prices fell further, but picked up by the end of the week. The market volatility has left investors struggling to figure out where share prices should be. Volatility is expected to decrease in coming days, but may continue for a while.
Murfreesboro, TN – Leadership Middle Tennessee (LMT) has selected 37 leaders from the region’s community, nonprofit, academic and business sectors to participate in the 2016 Class of Leadership Middle Tennessee.
Class members were selected from 10 counties: Cheatham County, Davidson County, Dickson County, Maury County, Montgomery County, Robertson County, Rutherford County, Sumner County, Williamson County and Wilson County.
Restaurant locations donate funds raised during ‘Paws for Carside’ promotion
Hazard, KY – Woodland Group, Inc. (WGI), an Applebee’s franchise group in Tennessee and Kentucky, raised $14,075 during their 13th annual “Paws for Carside” promotion, which ran from April 27th through May 23rd. Funds raised from the promotion are being donated to select local animal shelters.
During Paws for Carside, 10 percent of all Carside To-Go sales every Monday and Tuesday were donated to various animal charities working to care and find good homes for animals in need. Each location contributed to a charity of choice. «Read the rest of this article»
Clarksville, TN – The stock market sell-off continued Monday, as the Dow Jones Industrial Average and other major domestic indices saw a significant drop in early morning trading, regained some ground as the day progressed, but still closed down 3% to 4% for the day.
Global markets were also down, notably in China, Hong Kong, Germany and the United Kingdom. The pullback appears to be driven by concern over slowing global growth, particularly as China’s economy (one of the world’s largest) falters, as well as the drop in commodity prices, namely oil.
Boomers and millennials have similar attitudes about money
Clarksville, TN – Grandparents, get ready to share your money memories. Maybe it’s the commonalities of post-Depression and post-recession saving mentalities. Or maybe being a generation away soothes the pressures of parental advice and control. Whatever the reason, millennials crave financial guidance from their grandparents.
Millennials saw the recession firsthand. They have high levels of student debt, continue to receive parental financial support into and beyond their college years, and more than half are living paycheck-to-paycheck. With that comes a slight chance to create long-term savings.
Clarksville, TN – While it’s no secret that retirement brings a lot of unknowns, you don’t want to be caught off guard if you can help it.
With so many decisions to be made from both financial and lifestyle perspectives, planning now for some of the “surprises” that may come your way can give you confidence that your financial future will be comfortable.
Clarksville, TN – China’s leadership wants the yuan to become an important reserve currency, but that means that the country would have to let the currency float freely and be set by market forces. The People’s Bank of China, the country’s central bank, decided to alter its exchange rate regime.
The currency is allowed to trade in a 2% band around a level announced before the markets open. The PBOC said that this base level would simply be set at the previous session’s close (rather than taken out of the air).
Clarksville, TN – The economic data were mixed, but generally consistent with moderately strong growth. The ISM surveys went in opposite directions – the manufacturing index was softer than anticipated, while the non-manufacturing index exceeded expectations. Unit auto sales rebounded. The July Employment Report was about as expected.
Nonfarm payrolls rose by 215,000, with a net upward revision to May and June of +14,000. That put the three-month average at 235,000 (a 2.82 million annual rate). The unemployment rate held steady at 5.3%.
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