The Week in Review from Valeo Financial Advisors (July 25, 2014)
July 25, 2014    Disclosures    POSTED IN  Markets

U.S. Economy

  • Weekly jobless claims in the U.S. fell to the lowest level since February 2006 The Wall Street Journal
  • The number of new homes sold fell by the most in nearly a year Reuters
  • While existing home sales increased at the quickest pace since last fall USA Today


  • Wage growth remains slow in most developed countries Reuters
  • But economists contemplate the impact of a rapid rise in wages over the next year in the U.S. Yahoo! Finance!

Around the World

  • Both China and Eurozone manufacturing data points to a strong start to the third quarter Fortune
  • The International Monetary Fund cut its 2014 global forecast for economic growth after slowdowns in China and the U.S. during the first part of the year Bloomberg

Personal Finance

  • IRA contributions for the 2013 tax year reached an all-time high, $4,150, as people of all ages are saving more for retirement USA Today
  • U.S. teens scored average on personal finance knowledge as compared to the youths of 17 other countries Chicago Tribune
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