The U.S. national debt is rising by $1 trillion roughly every 100 days right now, which now stands at nearly $35.8 trillion as of 10/22/2024. To make matters worse, the Treasury has also drawn down its cash balance by $72 billion putting it over $275 billion in the red. The report spread like wildfire, especially … Read more
Massive layoffs have been hitting the news at an increasing frequency, with Intel, CVS, Aetna, and John Deer being some of the most recognizable. At the same time, wages remain stagnant, inflation has made everything less affordable, and credit underwriting has become more stringent. This is the financial equivalent of “The Captain has turned on … Read more
By John Silvia, CEO and Founder, Dynamic Economic Strategy Five fundamentals provide a basis for good executive and investment decision-making; Expectations for economic growth, inflation, interest rates, the dollar and corporate profits are the basis. Currently, the United States economy is experiencing trend-plus economic growth alongside persistent, above the Federal Reserve’s, two percent target on … Read more
I vividly remember being a teenager, and some of the things I believed back then, frankly, many more years ago than I like to admit. One of the things that stands out still today is that I thought I knew so much more than I really did. Part of this was just the normal process … Read more
You probably remember hearing all about the Titanic in great detail during history class. You might remember how this ship was described as the epitome of luxury and had been deemed unsinkable by its creators. You know the latter very clearly turned out not to be the case. But even as the massive ship was … Read more
Despite most TV pundits loudly proclaiming over the last few years that the US economy is strong, inflation is just transitory, and capital is plentiful, they’ve finally started to admit what the average American already knew years ago—our economy is in a disastrous position. The fact of the matter is that our economy is not … Read more
By Elizabeth Shauger, CPA, Mauldin & Jenkins Are you acquiring or selling a business? Buying or selling a business has a lot of moving parts. Although there are many complex types of mergers and acquisitions, the stock or asset sale are among the most straightforward. There are advantages and disadvantages to both an asset sale … Read more
Regions has launched Women + Wealth, a program that “combines unique events and fresh insights with one-on-one guidance from a team of professionals to further support and empower women as they move forward on their financial journeys.” An initiative of Regions Private Wealth Management, the Women + Wealth program “debuts at a time when more … Read more
BayFirst National Bank celebrated the opening of its 11th full-service banking center, becoming the first full-service financial institution to operate in the Newtown community, in North Sarasota, where it previously operated a loan production office and financial resource center. The opening comes six months after BayFirst purchased the building it had been renting, since 2022, … Read more
Regions Bank has appointed two key leaders who will guide the company’s services for consumers and businesses throughout Mobile, Alabama and along the Gulf Coast of Florida. Bruner Binion will serve as Regions’ new market executive for Mobile, and surrounding communities, and Tina Gilmore was promoted to serve as consumer banking executive for the bank’s … Read more