Daily Reads 2/15/2019
Happy Friday! Today, we see news of the latest round of trade talks between US and China, the rise in the US dollar index, and home mortgage rates facing a 10 month low.
story/us-china-trade-round- wraps-up-with-progress-toward- expected-memorandum-of- understanding-2019-02-15
During the latest round of US-China Trade Talks, US trade negotiators announced that they are making progress towards a deal, inching closer to common ground between President Trump and China’s terms. Stock futures rose today in light of these positive signs of a trade agreement in the near future.
story/dollar-index- strengthens-ahead-of-data-set- for-weekly-rise-2019-02-15? mod=investing
After a volatile session, the US dollar index bounced back today after showing weaker signs on Thursday. This could be a response to signs of positive future trade negotiations between the U.S. and China.
story/taxpayers-are-right-to- question-incentives-for- economic-development-and-not- just-for-amazon-2019-02-14
With the pressing news that Amazon is backing out of promise to create 25,000 jobs in New York, “How often do companies that agree to build factories and create jobs in exchange for economic incentives back away from their promises? And when they do, do taxpayers ever learn about it?”
Buyer sentiment about home buying has risen this month in response to mortgage rates dipping down to a 10-month low of 4.54%. As projections increase for future mortgage rates to rise, now could be the best time for home buyers to sign the down payment.
“A change in the rules for Fafsa (Free Application for Federal Student Aid) means that grandparents could help pay for an additional year of college without hurting their grandchild’s chances for aid.”