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02/06/2017

How’s the U.S. Economy Really Doing?

The U.S. economy showed evidence of improvement last week, despite the fourth quarter slowdown. Job creation in January easily exceeded expectations as the economy generated 227,000 new non-farm jobs. It was the strongest gain since September, beating the consensus forecast of 180,000 and far outpacing the fourth quarter monthly average of 148,000. The unemployment rate rose to 4.8 percent as more potential workers joined the labor force. The participation rate climbed to 62.9 percent, equaling its September level, although it remains well below its 66.1 percent average in the five years prior to the financial crisis. Some of that difference is attributable to discouraged workers, some is attributable to lack of employable skills, and some is due to changing demographics as baby boomers retire.
 
02/01/2017

Ameriprise Financial Declares Regular Quarterly Dividend

MINNEAPOLIS – February 1, 2017 – The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $0.75 per common share payable on February 28, 2017 to shareholders of record at the close of business on February 13, 2017.
01/31/2017

Keeping an Eye on Economic Fundamentals and Earnings

U.S. equities resumed their winning ways last week. The S&P 500 gained 1.0 percent, after having drifted lower in each of the previous two weeks. The catalyst for the move higher was the Trump administration’s executive order allowing a resumption of construction on the Keystone XL and Dakota Access pipelines. Beyond the immediate direct impact on these specific projects, the order also had the symbolic value of signaling the administration’s intent to follow-through on its business-friendly policies. Not surprisingly, materials and industrial stocks were among the week’s best performers, as were financials and technology. And the VIX index of implied volatility fell to its lowest level in two and a half years. For the year-to-date the S&P 500 is now higher by 2.5 percent and since the election is higher by 7.3 percent.
 

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Latest Research

Keys to a successful financial relationship for couples

Money is a common topic that can cause disagreements between couples. A new Ameriprise study reveals strategies to help you improve your financial relationship with your partner or spouse.