It is no doubt that Wall Street experienced an extremely turbulent month in August. Slowing growth in China, falling commodity prices, and talks of a possible interest rate hike sent investors into a trading frenzy. The trading action that occurred … Continue reading →

The Federal Reserve has held its benchmark federal funds rate near zero since December 2008 in attempt to spur borrowing, spending, and investment. However, the overall economy is struggling to deliver any growth at all, even with interest rates this … Continue reading →

We now look at the front page of the news only to see another financial crisis brewing – China. What is happening to China’s markets and how will it affect Wall Street? The Chinese government has always had a hand … Continue reading →

Last Thursday, the Greek parliament accepted a $100 billion bailout from its creditors, despite Greek Prime Minister Alexis Tsipras’ objections. This is the country’s third bailout in five years. For now, it postpones Greece from encountering an economic meltdown and … Continue reading →

On Tuesday night of this week, Greece defaulted on making loan payments to the International Monetary Fund (IMF) to the tune of $1.8 billion. Banks in Greece are closed and will remain so, at least until this Sunday’s referendum vote … Continue reading →