These are the headlines you Need 2 Know for Friday, December 27, 2019:
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The Economy Grew Again — With Recession in the Rearview
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Why Investors Should 'Stay the Course' in Today's Market
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
Biden Regulators Propose Ban on Transaction Declined Fees
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
What to Expect From Tesla’s Earnings Report
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Netflix Unwraps Biggest Holiday Season Subscriber Growth Ever
Netflix boosted their viewer count by 13 million this quarter — even with higher subscription prices.
A Look at the Some of the Big Tech Companies Announcing Layoffs
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
U.S. Economy Seems Headed for a Soft Landing
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
$50M+ Improperly Spent on Defense Department Credit Cards During COVID Pandemic
In one instance, funds were spent to investigate a sinkhole, according to a recent Defense Department Inspector General report.
How To Tackle Overdue Taxes This Year
1. If you get a notice, read it.
