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By Miranda Marquit on December 18, 2009
The most recent recession has been a boon for deal conscious shoppers looking for discounted deals. And even luxury goods have been seeing price cuts. Here is what CNN Money says about price cutting on luxury brands:
Step into Nordstrom a year ago for handmade Italian pumps and flats from designer Anyi Lu and you’d be shelling out as much as $595 a pair. This season, everything in the spring collection that hits stores next month goes for under $400. For CEO David Spatz, adjusting prices downward simply made sense: “The days of conspicuous consumption are over,” he says.
Of course, the […]
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Luxury Brands Cut Prices. Can They Go Back?
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By Miranda Marquit on December 17, 2009
Yesterday, Ben Bernanke talked about the fact that the jobs market appears to be stabilizing as part of the policy statement from the Federal Reserve Board. However, today the news isn’t so rosy. Initial jobless claims rose unexpectedly this past week. Initial claims are still below 500,000, and that is encouraging, but it underscores the fact that there is still quite a ways to go in terms of economic recovery.
Indeed, there are some that think that a double dip recession could be on the way, and that the current jobs market is one of the reasons for it. This is […]
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Jobless Claims Rise, Stunt Economic Growth
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By Miranda Marquit on December 16, 2009
The stock market is rather flat today as investors await the latest Fed policy statement. Members of the Federal Reserve will conclude a two-day policy meeting today. The interest rate is not expected to change, so investors are waiting to see what Ben Bernanke, the Chair of the Federal Reserve, has to say about the economy and the expectations of policy going forward.
Many expect Bernanke to acknowledge that the economy is showing improvement and that stimulus measures have been doing their job. However, there is also an expectation that he will drop hints of when interest rates might start to […]
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Stock Market Awaits Fed Policy Statement
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By Miranda Marquit on December 11, 2009
Two years ago, Luke Knowles started an interesting holiday shopping tradition: Encouraging retailers to offer free shipping on December 17th with the guarantee that gifts would arrive in time for Christmas Eve. This year, the tradition continues, and there are more than 450 merchants offering free shipping on December 17th, which is named Free Shipping Day.
This move has steadily gained in popularity amongst retailers and consumers alike, and the day is expected to provide a needed boost to holiday shopping that slows down considerably after December 10th. Retailers like the extra shot in the arm as the holiday shopping season […]
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Get Ready for Free Shipping Day on Dec. 17
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By Miranda Marquit on December 9, 2009
One of the most difficult parts about college is figuring out how to pay for it. The good news is that there are more resources than ever when it comes to getting student loans from a variety of lenders. This is important as scholarships and grants become scarce, and even Federal loans are less able cover the costs of college tuition.
In order to help students better find student loan lenders, Cology has joined forces with Overture to create an easy-to-use platform for student loan funding. I recently spoke with Brian Cox, an executive with Cology, about the process.
“The whole process […]
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Looking for Student Loans with Cology
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By Miranda Marquit on December 4, 2009
The big news from the world of finance today is that the U.S. unemployment rate dropped in November. In the wake of a jobs summit at the White House, the latest numbers for the employment picture are in. And in November, it looks as though the economy only shed 11,000 jobs. This is opposed to the 125,000 that many expected the economy to shed in November. The news also meant that the unemployment rate dropped to 10%
Of course, this positive data does not indicate that a significant number of jobs are being added to the economy — just that the […]
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U.S. Unemployment Rate Drops
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By Miranda Marquit on November 30, 2009
Stocks continue to struggle today on the stock market as Dubai remains a bit of an issue. Also contributing to the bearish slant to today’s trading is the fact that Black Friday sales ended up being mixed. However, stocks aren’t down as much as they could be, since there are some silver linings to the stories dominating the markets today.
Dubai isn’t that big a deal
While the reaction on Friday to Dubai’s possible debt problems was huge, over the weekend, investors realized that U.S. direct exposure to Dubai markets isn’t that big. Additionally, the UAE promised to provide funding for Dubai […]
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Stocks Continue to Struggle On Dubai, Sales
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By Miranda Marquit on November 28, 2009
The end of 2008 saw a serious dent to bonuses, due to the financial crisis. And this year saw salary freezes at a number of companies. As a result, raises have been few and far between. But things might change in 2010. Hewitt Associates points out that only 13% of companies plan to freeze salaries next year. You might not get a huge raise, but you might get something more than you got this year. And that could be helpful to many who are struggling right now. It will be especially helpful if economic recovery results in inflation next year. […]
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Will Raises Make a Comeback in 2010?
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By Miranda Marquit on November 27, 2009
Yesterday, the news broke that Dubai was experiencing some serious debt issues. Dubai World, which is a financial entity owned largely by the Dubai government, announced that it would be restructuring and that it would be stopping debt payments. This news has shaken world markets. In Asia and Europe, the markets were shaken yesterday. But with the Thanksgiving holiday, it appears that the U.S. reaction was delayed.
This morning, investors work up and sent the Dow plunging more than 200 points. While the losses have moderated so far, with the trading day almost over, there are concerns that Monday could bring […]
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Dubai Shakes Things Up for World Markets
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By Miranda Marquit on November 25, 2009
As consumer spending rises, and as people feel better about the stability being shown in the jobs market, this holiday shopping season is shaping up to be fairly solid. And online retailers are hoping to get in on the action come the Monday after Thanksgiving. Cyber Monday is the biggest online shopping day of the year, and now you can stay fully alerted to hourly and daily deals with a little help from your cell phone. SoundBite sent me a press release about this service (which I do not intend to use):
Americans send 50,000 text messages per second. Ninety-five percent […]
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Cyber Monday Deals via Text
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