Money

FOCUS, Money:  Making sense of what’s happening with the stock market

FOCUS, Money:  Making sense of what’s happening with the stock market

By Kyra Morris, contributing editor  |  Snap!  Thus ended the S&P 500’s longest streak in history without a pullback of at least 3 percent.  The major U.S. stock indexes capped off their worst weekly performance in two years on Feb. 2 following a steep sell-off. The Dow and S&P 500 pulled back 4.1 percent and 3.9 percent, respectively. The Nasdaq lost 3.53 percent.   It happened quickly.  What changed?

January began the year with gains in every major index, catapulting investors into record highs.  The DOW and the S&P 500 had their best monthly gains since March 2016, and the Nasdaq experienced its biggest one month gain since October 2015.  The news was good. 

Equities benefited from strong economic data and solid corporate earnings growth at the start of the year. The American economy added 200,000 more jobs. 

by · 02/12/2018 · 0 comments · Money, Views
MORRIS:  Let’s toot our horn

MORRIS: Let’s toot our horn

By Kyra Morris, contributing editor | 2016 spoke loudly of the desire for change. The message is real. Unfortunately, the answers are being overlooked.

The answers do not reside in the divisive behavior and climate that sells media and creates emotional drama. The answers can be found by looking at what positive things exist in the communities around us. There is concrete evidence that positive change can happen – is happening. I have witnessed innovative ideas that are making a difference in Nashville, Tenn., Greenville, S.C., Raleigh, N.C., Indianapolis, Ind., San Antonio, Texas, and right here in Charleston. It often is a choice we have to make to see the good over the bad.

by · 01/02/2017 · 5 comments · Money, Views
Overhead view of an overpass along Johnnie Dodds Blvd. in Mount Pleasant that was part of a bonded improvement project.  Photo:  Charleston County.

MORRIS: Let’s complete the penny tax for infrastructure

By Kyra Morris, contributing editor | Charleston is one of the fastest-growing, economically-diverse communities in America. Some people say we are the victims of our own success. Strong job growth in manufacturing, local business growth and people moving to Charleston in record numbers are a reflection of our success and quality of life.

As is often the case, with success there are also costs. The infrastructure for our road system throughout Charleston County is severely lacking.

In 2004, a referendum passed for a half cent sales tax that would fund road and highway projects in Charleston County.

by · 11/02/2016 · 1 comment · Money, Views
MORRIS:  We need to plan for transportation density now

MORRIS: We need to plan for transportation density now

By Kyra Morris, contributing editor | Transportation in the Charleston area is an issue that needs to be dealt with by the community as a whole. The region needs to provide a lot of the necessary infrastructure, businesses need to get involved with incentives, and individuals need to coordinate travel to either share the ride or consider alternatives. Our transportation issues are serious today. Unless we address them, they are only going to get worse over time. The future is ours to plan for now.

Studies have been done to evaluate potential solutions. Avenues from light rail and water ferries to improved bus systems have been explored. These ideas all have a certain appeal, but when you get into the logistics of implementation there are cavea

by · 09/26/2016 · Comments are Disabled · Money, Views
MORRIS:  Identity theft and your role in protecting your data

MORRIS: Identity theft and your role in protecting your data

By Kyra Morris, contributing editor | The Federal Trade Commission (FTC) is the U.S. government’s central repository for identity (ID) theft complaints and provides victim assistance and consumer education. In 2014, one billion records – Social Security numbers, credit card numbers, health records, and private photos — were taken. Forty percent of all identity thefts are tax- or wage-related.

In 2015, the IRS “Get Transcript” data breach involved potentially 724,000 compromised accounts. The thieves were able to transcend a multi-step authentication process that required prior personal knowledge about the taxpayers. There was also an additional step where several personal identity verification questions typically only known by the taxpayer were correctly answered.

by · 08/29/2016 · Comments are Disabled · Money, Views
Photographer Bill Hawker of Sydney, Australia, captured this shot outside the Tower of London around the time of the Brexit vote.

MORRIS: What’s going on post-Brexit and what it means

By Kyra Morris, contributing editor | History was made June 23 of this year when the United Kingdom (UK) voted to leave the European Union (EU). For two days after the so-called “Brexit” vote, the U.S. stock market offered buying opportunities.

The DOW fell over 600 points on the June 25 and another nearly 300 points on the following Monday. Then the rebound began. Within the following month, the S&P and the DOW not only regained their pre-Brexit levels, but went on to achieve record highs. International markets since the vote – everywhere but the UK — also rebounded. This include both developed and emerging markets. This is only one month. Does it give us any idea of what to expect going forward?

by · 07/25/2016 · Comments are Disabled · Money, Views
FOCUS:  One Region targets infrastructure, education, housing

FOCUS: One Region targets infrastructure, education, housing

By Kyra Morris, contributing editor | The Charleston area is our home. This area includes Charleston County, Berkeley County and Dorchester County. It’s changing, and it’s happening quickly. The passive approach is to sit back and simply marvel, or perhaps we can complain at the increase in traffic with poor road conditions, the high cost of housing and the quality of our educational system. The active approach is to get involved.

The Charleston Regional Development Alliance (CRDA) and the Charleston Metro Chamber of Commerce (CMCC) joined together to form a collaborative initiative. The purpose is to create a multi-fibered think tank representing the public sector, private sector, nonprofit and educational organizations within our region to further enhance and sustain our economy while maintaining the quality of life we all cherish. They call this initiative One Region: A Global Competitive Strategy.

by · 07/04/2016 · Comments are Disabled · Focus, Good news, Money
MORRIS:  Spoleto is at home here — and part of our edge

MORRIS: Spoleto is at home here — and part of our edge

By Kyra Morris, contributing editor | 1977 – the beginning of Charleston’s emergence as a world destination city– was also the first year of Spoleto Festival USA. Is this a coincidence, or is there a correlation?

Gian Carlo Menotti, a Pulitzer-Prize-winning composer, sought to establish a sister festival to the Festival dei Due Mondi of Spoleto, Italy. After a comprehensive search for the right place, he chose Charleston. It met his expectations for old world charm, historical architecture, and abundance of theatres and other performance spaces, including the variety of beautifully-maintained churches that reminded him of those in Italy.

by · 05/30/2016 · Comments are Disabled · Money, Views
MORRIS: Let’s talk politics and the markets

MORRIS: Let’s talk politics and the markets

By Kyra Morris, contributing editor | This is an election year, and often we hear that election years are bad years for market returns. This is a particularly interesting, unusual and unexpected election year. The markets are jittery. What though really is the correlation of election years and the subsequent years to market returns?

by · 02/29/2016 · Comments are Disabled · Money, Views
FOCUS: Advice on financial resolutions for the new year

FOCUS: Advice on financial resolutions for the new year

By Kyra Morris, contributing editor | It’s almost January, a time for new beginnings. The holidays are just about over. Now it’s time to pay for the festivities. We often say to ourselves, “I’m going to do it differently this year.” Then we ask ourselves, “Is it worth the effort?” So many resolutions go unresolved and undone. So – can the New Year truly find you a better person.

Prior years’ studies show that around 51 percent of those who make resolutions regarding their finances feel they are better off financially after just one year. That’s over half. The percentages are in your favor. With a little forethought and some self-motivation, you can do it. Identify your goals and desires, and then develop your plan. Your financial resolutions may improve your overall financial health.

by · 12/28/2015 · Comments are Disabled · Money, Views