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US labor market shrugs off recession fears;  keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

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Record Tax Savings in Model Portfolios Highlight Continued Opportunity for Investors in Volatile Market Environments

Record Tax Savings in Model Portfolios Highlight Continued Opportunity for Investors in Volatile Market Environments

BOSTON–(BUSINESS WIRE)–55ip, the fintech platform designed to deliver personalized and tax-smart investment management at scale, today announced that data from its platform this year reveals a record number of advisers taking advantage of harvesting opportunities. tax losses for their clients. Across client portfolios through Q3, the 2022 year-to-date tax savings benefit for ETF and mutual …

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Community Choice CU eyes continued expansion in West Michigan market

Community Choice CU eyes continued expansion in West Michigan market

MUSKEGON — A new branch under construction in Muskegon will become the fifth location in the waterfront market for Community Choice Credit Unionwhich plans to expand its presence in western Michigan in the coming years. Community Choice, based in Farmington Hills, wants to expand further in the area by forming new partnerships or acquiring smaller …

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Retail sales jumped 1.3% in October as consumers continued to spend despite inflation |  CNN Business

Retail sales jumped 1.3% in October as consumers continued to spend despite inflation | CNN Business

Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …

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