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Smart Updates – Page 26 – Smart Finance Facts

Smart Updates Archive

Former Treasury Secretary Says Markets “Do Better During Democratic Administrations

According to Larry Summers, who previously served as the Treasury Secretary during the Clinton administration and Obama’s National Economic Council director, President Trump “has been the worst of America’s...

Fannie Mae And Freddie Mac Announce New Fee For Borrowers

On Wednesday, Fannie Mae and Freddie Mac announced a new 0.5% “adverse market fee” on refinances effective September 1. In a note to lenders, the firms stated, “As a...

10 Expenses You Can Cut To Save Money

Creating a budget and building a savings fund doesn’t mean giving up every little indulgence and live an utterly frugal lifestyle. Instead, assessing your expenses and developing a spending...

Resources For Renters During The Coronavirus Crisis

A NerdWallet survey conducted by The Harris Poll at the beginning of May found that 50% of renters used their stimulus checks for basic living expenses, and 30% used...

Wall Street May Be On The Mend, But The Economy Is Not

Over the last several months, Wall Street has seen an unprecedented turn for the better. The S&P 500 may have recouped most of its March losses, but tens of...

Stock Futures Level After Jobs Report

Thursday’s overnight session kicked off with stock futures stabilizing following a day of mixed trades during the regular session. Tech shares helped bolster the Nasdaq to another consecutive session...

Lack Of Stimulus Support May Lead To Recovery Slowdown

According to Reuters, the absence of enhanced unemployment insurance and lifelines for businesses is starting to affect the country’s economic recovery.  Recent data shows a sharp year-over-year decline in...

Former Fed Vice Chair Warns V-Shaped Recovery Unlikely

Better-than-expected jobs figures in May and June bolstered hopes for a rapid economic turnaround. But, after the latest update of the labor market health for June, the evidence may...

Experts Worry The Worst Of The Coronavirus Is Yet To Come

According to Yahoo Finance, reduced testing and growing orders are two components influencing the country’s continuing battle against the coronavirus, which has noted a continuous decline in infections throughout...

Deutsche Bank Warns “Benefits Cliff” Puts Economic Recovery In Jeopardy

Friday morning, market participants will receive highly-sought-after data for the state of consumer spending in July. The report will provide the last chance for experts to see the extent...