The December 5th Fund surprises five Illinois families battling cancer

The December 5th Fund surprises five Illinois families battling cancer

today is december 5th and 5 families inillinois got the surprise of a lifetimeit’s called the december 5th fund theywent up knocked down the front doors offive families in the metro east all ofthem with a loved one who was fightingcancer so the group gave families acheck for one thousand dollars plus five hundred dollars in gift cards and someother goodies and the last gift is theone that keeps on giving each family isnow enrolled in the group’s helpinghands support plan which gets familiesoutside the house for a special day…

Read More

Omicron concerns weigh heavy on Wall Street

Omicron concerns weigh heavy on Wall Street

the australian dollar has dropped fiveand a half percent in a month ascommodity prices have fallen and the usdollar is strengthened because the u.sfederal reserve is coming over allhawkish as they say it seems only amatter of time now before the aussie hasa six in front of it again and the ideathat the fed will soon stop stimulatingthe economy is also weighing on wallstreet along with omicronit was down more than one percent lastnight and that had an impact here aswell woolworths has jumped into theauction for the owner of…

Read More

China advisers to recommend lower 2022 GDP target

China advisers to recommend lower 2022 GDP target

advisors to china’s government willrecommend a 2022 economic growth targetbelow the one set for 2021 givingpolicymakers more room to pushstructural reforms amid growingchallenges to the outlookinvestors are closely watching for clueson next year’s policy and reform agendaas president xi jinping and other topleaders hold the annual central economicwork conference due this month threeadvisors told reuters they have drafted recommendations ranging from as low as 5to 5.5 percent ahead of the closed-doormeeting down from the above six percenttarget set for 2021. the world’s secondlargest economy faces multiple headwindsheading into 2022 due…

Read More

What investors need to know about a potentially faster Fed taper

What investors need to know about a potentially faster Fed taper

the main takeaway for investors from fedchair powell’s comments yesterday beforesenate banking has to beit’s now the default position of the fedat his december meeting to discuss andlikely enact a faster pace of taper oras jp morgan calls it the turbo taper infact jp morgan writing this it now lookslike it will take a deterioration in thevirus conditions to prevent the flmcfrom deciding to quicken the pace oftapering at the next meeting that’sdecember 14th and 15th of course so nowit’s up to the new variant to prove it’sbad enough to…

Read More

Former CFPB Director Richard Cordray a potential candidate for Fed vice chair of supervision

Former CFPB Director Richard Cordray a potential candidate for Fed vice chair of supervision

from capitol hill with somebreaking news senator sherry brown hasjust confirmed to me that he is talkingto the white house about potentiallynominating richard cordray as the fed’svice chair for supervision now senator brown is of course the chairman of thesenate banking committee responsible forshepherding that nomination to the senate floor he said that he knowscordray from cordray’s days as directorof the cfpb but that he is also talking to the white house about several othernames as well for the fed’s three openseats of course both men are from ohioso it…

Read More