Money Mondays

12/19/16 – Rob Wilson gives tips on holiday shopping including one big no-no: don’t use credit for holiday shopping! Rob Wilson is a financial advisor, television contributor and new media personality who concentrates his practice on providing advice to and managing financial affairs for successful professional athletes, entertainers and other young professionals. His work providing […]

  Today’s Money Mondays segment focuses on interest rates. The Federal Reserve’s Federal Open Market Committee will meet this week, and most of the people that follow it believe that the Committee will raise interest rates. This is something we have been expecting for some time, but it looks more certain now with unemployment falling […]

What is new in the auto loan industry that we need to know about? Mellody: You may have already heard that the auto industry is booming. Last year, auto sales broke records. And in november, U.S. auto sales rose 3.7% compared with a year ago. Wage growth, consumer confidence, and cheap gas have all contributed […]

  Last week, Wells Fargo Bank agreed to pay $185 million in fines and refund customers some $2.5 million. Why? Mellody: It’s pretty straightforward. Some employees at Wells Fargo were caught illegally signing customers up for products – credit cards, deposit accounts, other items – that they had not requested. According to Wells Fargo, the […]

What’s going on in the stock market this week?  Last week, we saw the Dow break through the previous ceiling that was set in may of 2015, closing at 18,516 on Friday. And remember, this happened in the seventh year of this bull market, the second longest bull market in history! What pushed the markets […]

What’s going on in the stock market this week?  Last week, we saw the Dow break through the previous ceiling that was set in may of 2015, closing at 18,516 on Friday. And remember, this happened in the seventh year of this bull market, the second longest bull market in history! What pushed the markets […]

What do we need to know about the shocking development of Britain leaving the European Union? Mellody: This is a historic event and it will have broad economic and political consequences in the UK, Europe and here in the United States. First, a little background on the subject. To deal with political pressures ahead of […]

How are race and spending habits linked? We have heard a lot in recent years about economic inequality, but most, if not all, of the discussion has focused on income inequality. However, a new study out of Duke University, and highlighted in the Atlantic, points to another way economic inequality persists between white and Black […]

  Tom: We have a great topic this morning – how to take care of your old 401k accounts. Mellody:  This is a very important…

  Tom: The topic this morning is inequality in credit scores. Tell us about it. Mellody: Well, Tom, it turns out that pay is not…

  Tom: Hi, Mellody! Mellody: Good morning, Tom! Tom: This morning you join us to talk about tax time saving, and a campaign to promote savings.…

What are some year-end financials tips? MELLODY: The end of the year is always a busy time with all of the planning for the season, the…