Jesse Carrales

687 Flips | 5 Magazines | 8 Likes | 14 Following | 692 Followers | @jcarrales | Houston, TX

U.S. economy adds 201,000 jobs in August as strong hiring continues

Hiring picked up in August and so did worker pay -- registering the fastest wage growth since 2009 in an encouraging sign that wages may finally be moving higher after years of sluggish gains.<p>August was the 95th straight month the U.S. economy added jobs, with a robust 201,000 job gains, the Labor …

U.S. Economy

U.S. Fed buys $999 million of mortgage bonds, sells none

NEW YORK (Reuters) - The Federal Reserve bought $999 million of agency mortgage-backed securities in the week from Aug. 23 to Aug. 29, compared with $1.377 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.<p>In a move to help the housing market begun in October …

Mortgage-Backed Securities

US home prices jumped 6.3 percent from a year ago

WASHINGTON (AP) — U.S home prices climbed 6.3 percent in June from a year earlier, as affordability is becoming a greater obstacle for would-be buyers.<p>The S&P CoreLogic Case-Shiller 20-city home price index rose at a slightly slower pace than the 6.5 percent annual gain in May from a year earlier, …

House Prices

Everything you ever needed to know about investing, scribbled on cocktail napkins

Warren Buffett once said “there seems to be some perverse human characteristic that likes to make easy things difficult.” Those words, of course, can …

Investing

Warren Buffett Just Made a Surprising Prediction About the Economy

This is how long the Oracle of Omaha thinks the good times will last.<p>The current economic expansion and bull market are now both nine years old. So …

Small business optimism soars, resulting in increased hiring and wages

The Small Business Optimism Index continued its impressive run in May, climbing to the second-highest level in history with small businesses reporting great numbers in several key areas.<p>The index rose by three points to 107.8 in May, while tax cuts and regulatory changes contributed to increased …

IMF chief: Clouds over global economy are 'getting darker by the day'

Escalating trade tensions are posing an increasing threat to the global economy, the head of the International Monetary Fund has warned.<p>"The clouds on the horizon ... are getting darker by the day," IMF Managing Director Christine Lagarde said at a news conference in Berlin on Monday.<p>"The biggest …

'Wile E. Coyote Is Going to Go Off the Cliff:' Former Fed Chair Bernanke Is Not Optimistic About the U.S. Economy

U.S. economic growth could face a challenging slowdown as the Trump Administration’s powerful fiscal stimulus fades after two years, according to …

This Is How To Make Homemade Tortillas

Wake up Taco Tuesdays with a batch of homemade flour tortillas. It may initially sound like an intimidating task, but the process is actually quick …

Cinco de Mayo Recipes

This guide has everything you need to eat (and drink) your way through Cinco de Mayo<p>If you're searching for recipes to put together the perfect Cinco …

Chilaquiles

This is morning-after-your-party food. It even calls for day-old fried tortillas! They’re cooked in salsa roja, topped with fried eggs, pickled …

Cooking

8 Features That Will Sell Your Home Faster

Homeowners are sometimes hesitant to upgrade when it's time to sell. After all, you won't be living there much longer, and home remodeling efforts …

Real Estate

The recovery isn’t slowing down. The Fed should let it keep going.

By Matt O'Brien<p>Matt O'Brien<p>Reporter covering economic affairs<p>Email Bio Follow<p>Reporter<p>The economic recovery still has miles to go before it sleeps — if, that is, the Federal Reserve will let it.<p>That, at least, was the message of the latest jobs report, which showed an economy growing like …

Economy

Buying a Home With an LLC: A Primer

In the age of the internet, privacy is an especially valuable commodity.<p>To that end, many home buyers and real-estate investors form limited-liability companies with cryptic names when purchasing property. This appeals to the publicity shy, but LLCs also help homeowners avoid scams, identity theft …

I’ve tried every single iPhone currently available — here’s my ranking of the 8 iPhones you can buy right now

From the brand-new, futuristic iPhone X to the tiny-but-powerful iPhone SE, the current iPhone lineup has a range of devices and price points.<p>At this point, I've tried all eight of Apple's current iPhones. And although the iPhone X is gorgeous and powerful, it's not the phone I would recommend to …

New Fed chair Jerome Powell sees little risk of a recession

By Heather Long<p>Heather Long<p>Economics correspondent<p>Email Bio Follow<p>Jerome H. Powell, the new chairman of the Federal Reserve Board, made his debut public appearance Tuesday, where he told the House Financial Services Committee that he is committed to “clearly explaining” Fed thinking and that the …

Federal Reserve

What Is a Stock Market Correction?

Here's how to define a stock market correction and what makes it different from a bear market or stock market crash.<p>A stock market correction is a …

Don't Let Trump's Fed Pick Choke the Recovery

Marvin Goodfriend’s nomination is in trouble, and that’s a good thing.<p>Goodfriend is President Donald Trump’s pick to fill one of the four empty seats on the Federal Reserve Board. He faced a brutal interrogation from Senator Elizabeth Warren during his confirmation hearing in January, and has won …

Interest Rates

Why the American Middle Class Is Disappearing (and What It Will Mean for the Economy)

Democracies do not last long without strong middle classes.<p><i>What are the negative long term effects if the middle class is not rebuilt? originally appeared on Quora:</i> <i>the place to gain and share knowledge, empowering people to learn from others and better understand the world</i>.<p><b>Answer by Chris Hughes,</b> …

Deja vu? It's looking like 1987 again for the US economy

Weak dollar, rising inflation, recession memories fading, new hand at the Fed … and meltdown?<p>It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures …

Tom Wolfe

Fed's Yellen says solid economic growth means more rate hikes ahead

(Reuters) - Outgoing Federal Reserve Bank Chair Janet Yellen said on Friday that solid economic growth, faster wage increases, and a tightening labor market mean the U.S. central bank is likely to need to continue to raise interest rates gradually, as it has signaled it will.<p>U.S. outgoing Federal …

Chicken Veracruz Style | Pollo A la Veracruzana | Mexican Recipes

Heat the oil in a large frying pan over medium-high heat. Season chicken with salt and pepper.<p>Add the chicken to frying pan to sear for about 7-8 …

The Trojan Horse in the Tax Bill

Congressional Republicans have finally done it: Both the House and Senate passed tax legislation. The bill has now headed to President Trump’s desk for his signature.<p>Most dissection of the plan has focused, for obvious reasons, on the way it changes our tax bills. The Tax Policy Center found that …

Here's What Happened the Last Time Economists Ignored the Yield Curve

An age-old debate is bubbling up again about the value of a bond-market gauge that's sending warning signs about the U.S. economy, mirroring a discussion that took place before the last recession.<p>The so-called yield curve, which can be measured by looking at the differential between two-year and …

Janet Yellen: Tax plan's deficits could make it harder to fight a recession

Federal Reserve Chairwoman Janet Yellen raised concerns Wednesday that deficits, which are expected to be driven higher by the tax plan now in Congress, may give policy makers little room to respond to a future recession.<p>At her final press conference as Fed chair, Yellenreiteratedher persistent …

Fed does not buy Trump tax-plan hype, sees short-lived economic boost

SAN FRANCISCO/NEW YORK (Reuters) - As the U.S. Congress moved closer to a tax overhaul plan Wednesday that has President Donald Trump “thrilled”, outgoing Federal Reserve Chair Janet Yellen gave a more sobering assessment: a short-term bump is likely, but a longer-term boost is not.<p>FILE PHOTO - …

Chile Colorado with Pork and Nopales | Authentic Mexican Recipe

Place the meat in a large heavy pot. Add ¼ of the white onion, 2 bay leaves, and 2 of the garlic cloves. Cover with 1½ cups of water and turn the …

Mexican Black Bean Soup | Authentic Mexican Recipe | Easy Recipe

Using a large saucepan over medium heat, fry the chorizo in its own fat until cooked (about 8 minutes).<p>Add the chopped onion and cook for 2 minutes …

Jerome Powell Shows Mastery of Central Bank Arts

President Trump’s pick to lead the Federal Reserve has put his mastery of the central banking arts on display. Jerome Powell breezed through his Senate confirmation hearing on Tuesday with Zen-like confidence. He dodged the debate on tax overhaul, kept comments about rate increases comments …

Fed chair Janet Yellen to step down

Work & Money<p>Janet Yellen announced Monday that she will step down from the Federal Reserve board of governors once her successor is sworn in next year. Yellen's term as chairperson ends Feb. 3 — but she could have stayed on the board until 2024.<p>The move leaves a total of four spots open on the …