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19Oct2017

Everything You Need to Know About Cryptocurrencies

  . October 2017 By Selina Stoller, SAF Holdings, LLC   In the world of finance, cryptocurrencies have become increasingly popular. But what are they exactly? Cryptocurrencies are digital or virtual currencies that use cryptography for security which is difficult to counterfeit. They make it easier to transfer funds between two parties in a transaction
  • 19 Oct, 2017
  • Summit Alternative Investments
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13Oct2017

The Equifax Data Breach: Now What?

  . September 2017 By Selina Stoller, SAF Holdings, LLC Equifax, a credit-reporting agency, experienced one of the most significant data breaches in recent history. Credit card numbers for roughly 209,000 U.S. consumers were accessed, along with some dispute documents that contain personal identifying information for about 182,000 U.S. consumers. Overall, the personal, financial information
  • 13 Oct, 2017
  • Summit Alternative Investments
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06Oct2017

U.S. Retail Sales Fell in August

 . September 2017 By Selina Stoller, SAF Holdings, LLC   Damage from hurricanes, tropical storms, and a drop in consumer spending were the contributing factors behind the fall of U.S. retail sales in August. The Federal Reserve reported that U.S. industrial production dropped a “seasonally adjusted” 0.9 percent in August from the prior month, its
  • 6 Oct, 2017
  • Summit Alternative Investments
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27Sep2017

US Job Openings Hit New Record

. September 2017 By Selina Stoller, SAF Holdings, LLC The U.S. private sector added 415,000 jobs combined in July and August, exceeding economists’ expectations and breaking previous employment records. According to the ADP National Employment Report, 178,000 jobs were added to the private sector in July, a record high. Roughly 4,000 of these jobs were
  • 27 Sep, 2017
  • Summit Alternative Investments
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22Sep2017

U.S. Consumer Sentiment Declines in September

. September 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC After reaching a seven-month high in August, consumer confidence declined in September. The index, conducted by The University of Michigan, measures 500 consumers’ attitudes on future economic prospects, in areas such as personal finances, inflation, unemployment, government policies and interest rates. The consumer sentiment index
  • 22 Sep, 2017
  • Summit Alternative Investments
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08Sep2017

North Korea Threats Affecting South Korea’s Economy

. September 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC On Monday, South Korean officials said that they had seen evidence that North Korea may be preparing another ballistic missile test. Although South Korean investors have largely ignored the threat of war for years, some small signs of economic harm are emerging as Kim Jong
  • 8 Sep, 2017
  • Summit Alternative Investments
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01Sep2017

Hurricane Harvey to Cost U.S. Economy $30+ Billion

. September 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Last Friday, Hurricane Harvey hit southeastern Texas, causing unprecedented, catastrophic flooding and damage. It’s the first major hurricane to make landfall in the United States since Hurricane Wilma in 2005, which ended a record 12-year period with no major hurricanes in the U.S. Weather and
  • 1 Sep, 2017
  • Summit Alternative Investments
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24Aug2017

Economic Expansion to Take Two More Years

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC According to a majority of the U.S., Canadian, and European economists polled by Reuters, the U.S. economic expansion will last at least two more years. Of those economists, 21 said it would last two to three years. Thirteen of them said more than three years.
  • 24 Aug, 2017
  • Summit Alternative Investments
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07Aug2017

American “Fixer Uppers” Cost Record Sums

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC According to Harvard University’s Joint Center for Housing Studies, Americans are expected to spend $316 billion on remodeling their homes in 2017, up $20 billion from last year. As a shortage of newly built, single-family homes in the United States locks buyers out of the
  • 7 Aug, 2017
  • Summit Alternative Investments
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01Aug2017

Financial Déjà Vu: Auto Loan Defaults Increasing

. August 2017 By Selina Stoller, Summit AmeriFirst Holdings, LLC Almost a decade after the subprime mortgage crisis of 2007, the financial industry is embracing another type of subprime debt: auto loans. More Americans with bad credit started getting auto loans after the recession and often had interest rates as high as 29 percent. Often,
  • 1 Aug, 2017
  • Summit Alternative Investments
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