News Update

Investors head into next week on the defensive as the potential for U.S. equity gains could be limited even if earnings begin on a strong note. Source

Federal Reserve Vice Chairman Janet Yellen defended the central bank’s asset purchases, saying they will add 3 million jobs to private payrolls and have prevented the country from slipping into deflation.

Banks, in an attempt to wring more revenue out of customer accounts, are conjuring up new ways to raise fees on basic products like debit cards, cash machines and checking accounts. Source

As regulation curtailing the financial institutions from levying certain charges on consumers has mounted over the past year, banks have had to dream up new fees to replace those now trimmed by laws. Source