Beside their Greek Revival mansion outside of Nashville, Tennessee is the tomb of Andrew and Rachel Jackson.The Hermitage Visiting the homes of famous Americans has been a favorite American pastime since before the advent of the automobile. However, cars made these pilgrimages a lot easier, and for many children, summer vacation meant a road trip
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President Trump expressed confidence in the Treasury secretary, Federal Reserve and U.S. economy on Tuesday, moving to calm financial markets further roiled after Bloomberg News reported that the president had discussed firing the central bank’s chairman over raising interest rates. Trump, asked if he has confidence in Treasury Secretary Steven Mnuchin, said, “Yes I do,
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With stocks and equities continuing their sell-off, munis continue to flex their muscles — even with a budget showdown in Washington taking place. “Municipal bonds are trading relatively unchanged but firm today as very positive market technicals keep demand steady,” said Michael Pietronico, chief executive officer, Miller Tabak Asset Management. “There is likely some money
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According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the
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Puerto Rico employment declined in November for the second consecutive month, adding to signs that the post-hurricane economic recovery may be ending. November employment slipped 0.23% from October and 0.95% from September, according to the United States Bureau of Labor Statistics’ household survey released Friday. The bureau also released an employment survey based on the
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A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
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Lauryn Evarts at home.Lauryn Evarts Bedrooms aren’t just spaces for sleeping. They’re so much more than that. A bedroom should feel like a retreat to restore both the body and mind. I interviewed a range of successful influencers and entrepreneurs about the most intimate rooms in their homes. They generously shared not just what these spaces looked like,
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Third quarter gross domestic product growth was revised down to a 3.4% gain from the 3.5% gain in the previous estimate, data released Friday by the Bureau of Economic Analysis showed. At the same time, the price picture was revised only modestly from the previous estimate. The core PCE price index was revised up to
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For much of his presidency, the stock market has loved President Donald Trump, trading higher on his pro-growth policies, like tax cuts, as well as his hands-off regulatory stance. But now with the stock market well off its highs, the president has increasingly become a source of uncertainty and volatility. Trump and Washington politics are
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Crystal City where search traffic spiked with Amazon HQ2 announcement: Andrew Harrer/Bloomberg photo credit:© 2018 Bloomberg Finance LP Trulia.com, the online real estate site recently looked at the real-time impact of Amazon’s HQ2 recent November 3rd announcement selecting Crystal City, Virginia as one of its sites. Cheryl Young, Trulia’s chief economist, looked at the numbers
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The region’s services sector decelerated, as the general business conditions index slumped to 3.9 in December from 43.3 in November, this month’s Federal Reserve Bank of Philadelphia non-manufacturing Report on Business, released Friday, indicates. At the company level, the general business activity index plunged to 3.0 from 42.4. The prices paid index was 18.3, down
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President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
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Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home. Facebook Cryptocurrency According to Bloomberg, the company is creating a stablecoin, a digital currency
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Malta-based OKEx, currently the second largest crypto exchange by 24-hour adjusted volume, has launched a new bitcoin derivative product with no expiry date, meaning that positions can be held indefinitely. Announced Tuesday, the product, dubbed a “perpetual swap,” allows crypto traders to speculate on the future value of OKEx’s bitcoin (BTC) to U.S. dollar (USD)
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