The Week in Review from Valeo Financial Advisors (August 7, 2015)
U.S. Economy
- Jobless claims near 40-year low. USA Today
- Employers in the U.S. added 215,000 to payrolls in July and the unemployment rate remained at 5.3% Bloomberg
- Service sector growth reaches 10-year high. CNBC
- Trade deficit widened in June. CNBC
- Small business borrowing grows to record level in June. Reuters
- Consumer credit grew by $20.7 billion in June to reach a total of $3.42 trillion. MarketWatch
Around the World
- International food prices fall to 6-year low. CNBC
- Puerto Rico defaults on bond payment, deepening its debt crisis. Economist
- Greek stocks rise for the first time since the Greek stock market reopened Monday. USA Today
- The IMF considers recognizing the Chinese yuan as a reserve currency. Economist
Personal Finance
- Financial tips for millennials. Reuters
- Rebalancing 401k allocations. USA Today
- Tips for selling a house in a seller’s market. Washington Post
- Holiday flights are the cheapest to book in August. Washington Post