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What the Federal Interest Rate Hike Means for You

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The Fed raised interest rates a quarter of a point this afternoon. Here’s what it means for your money.

Savings: “The ‘average’ saver won’t see much benefit because the ‘average’ financial institution is unlikely to increase the measly payouts in a meaningful way,” said Greg McBride, chief financial analyst for Bankrate.com.

Those salting away their cash in a bank account have earned next to nothing in interest for the past few years. That won’t really change.

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Click link below for article and video:

http://www.nbcnews.com/business/consumer/what-interest-rate-hike-means-you-n733796

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The men of Moonlight are the new faces of Calvin Klein

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Following a whirlwind night at the Oscars, Mahershala Ali, Trevante Rhodes, Alex R. Hibbert, and Ashton Sanders have one more accolade to celebrate, thanks to Calvin Klein.

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Click link below for article, tweets and photos:

https://twitter.com/i/moments

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These Are The 10 Safest Neighborhoods in Philadelphia

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If you’re shopping for a new home, be it in the city, in the suburbs, or someplace that’s a little of both, there is one thing that you’ll need to consider over the rest: the area’s safety. Of course in some cities, like Philadelphia, each neighborhood is so distinct, it may as well be its own world.

And because the crime rates vary so much from one Philadelphia neighborhood to another, we’ve decided to take some of the research work out of it for you by creating this list. Here are the 10 safest neighborhoods in Philadelphia:

1. Chestnut Hill
2. Fairmount-Spring Garden
3. East Falls
4. Roxborough
5. Manayunk
6. Mount Airy
7. Bustleton
8. Somerton
9. Fishtown
10. Pennsport-Whitman-Queen

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These Are The 10 Safest Neighborhoods in Philadelphia

Source: Flickr user Elvert Barnes

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Click link below for article:

http://www.movoto.com/guide/philadelphia-pa/safest-neighborhoods-in-philadelphia/

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Best Jobs in America

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Whether you’re Snapchatting with friends or catching Pokémon, you probably spend time every day using the creations of mobile app developers. They aren’t necessarily saving the world, but mobile app developers get to create something that can reach millions of people on a daily basis.

That means growing demand for developers who build and update apps so they’re secure, user-friendly, and sought after.

Why it’s great: Mobile app developers are the first to test out the latest phones, tablets, and wearable devices. “If you like playing around with technology and exploring all the possibilities it offers, this can be a really fun job,” says mobile app developer Kyle Craig.

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1.  Mobile App Developer

 01 2016 best jobs mobile app developer 2
Kyle Craig, software developer at IBM’s Mobile Innovation Lab
 
  • Median Pay: $97,100
  • Top Pay: $133,000
  • 10-year job growth: 19%

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Click link below for article with  1 to 100 Jobs gallery:

http://money.cnn.com/gallery/pf/2017/01/05/best-jobs-2017/index.html

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Sears and Kmart closing 150 stores

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Sears is shutting down 150 more stores, yet another sign of how tough it is for former kings of the retail industry to compete in a world now dominated by Amazon.

Sears(SHLD) said on Thursday that it would close 109 Kmart stores and 41 of its namesake Sears outlets. The announcement came on the same day that Sears disclosed plans to sell its iconic Craftsman tool brand to Stanley Black & Decker (SWK).

 The company did not say how many workers would be affected by the store closures.

But a spokesperson said that most of them were part-time workers and that “we are committed to treating these associates with respect and compassion during this process.”

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Click link below for article and video:

http://money.cnn.com/2017/01/05/investing/sears-kmart-closing-stores/index.html

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Macy’s is closing 68 stores, cutting 10,000 jobs

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Macy’s said Wednesday it’s shutting down 68 stores and cutting more than 10,000 jobs.

The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday.

 Macy’s(M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut as the company works to streamline its management team, according to a press release.

A few stores have already been shuttered, but 63 will close down between now and mid-2017, leaving about 660 U.S. stores left open. The closings are among the 100 stores Macy’s said last August that it intends to shutter.

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Click link below for article and video:

http://money.cnn.com/2017/01/04/news/companies/macys-job-cuts-stock/index.html

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Ford cancels Mexico plant. Will create 700 U.S. jobs in ‘vote of confidence’ in Trump

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Ford CEO Mark Fields said the investment is a “vote of confidence” in the pro-business environment being created by Donald Trump. However, he stressed Ford did not do any sort of special deal with the president-elect.

 “We didn’t cut a deal with Trump. We did it for our business,” Fields told CNN’s Poppy Harlow in an exclusive interview Tuesday.

The $700 million investment will go to the Flat Rock, Michigan plant to produce more electric and self-driving cars. Ford believes electrified vehicles will outsell gas-powered vehicles within the next 15 years.

Ford is planning to roll out seven new electric vehicles in the next five years, including a Mustang Hybrid.

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Click link below for article and video:

http://money.cnn.com/2017/01/03/news/economy/ford-700-jobs-trump/index.html

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