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Cleveland Financial Group

108 North Main Street, Rear Building
Mansfield, OH 44902
Phone: 419-522-4333
Fax: 419-522-3303
Email: chuck.hahn@lfg.com

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Our Location

Cleveland Financial Group

108 North Main St., Rear Building
Mansfield, OH 44902
ph: 419.522.4333
fax: 419.522.3303
chuck.hahn@lfg.com

Latest News

Financial and Economic Brief - April 10, 2018

• Dow Volatility Continues - The new normal on Wall Street is about “wild fluctuations, mammoth moves and rapid-fire price reversals”.

• Gradual Rate Hikes, Appropriate - Federal Reserve President Charles Evans, said that he is “optimistic” inflation will reach the Fed’s 2% goal and that slow, gradual rate increases will be appropriate.

• Russia’s Ruble Falls - Russia’s ruble experienced its biggest one-day fall for over two years on Monday and stocks in major Russian companies also slid, as investors reacted to a new round of U.S. sanctions.

Financial and Economic Brief - April 3, 2018

• Small Business Hiring Falls - According to a report from Paychex, small-business hiring in March fell to the lowest point in over seven years, while hourly earnings grew steadily.

• Apple to Make Own Chips - Shares of Intel fell 6% Monday on a report that Apple plans to start making its own processors for its computers as early as 2020.

• Spotify’s Strong Introduction - Spotify Technology SA shares “appeared on course” for a strong introduction, with opening price ranges well above where the stock had been trading in private markets.

Financial and Economic Brief - March 27, 2018

• Economic Crisis on Horizon over Trade? - A strengthening in U.S.-China trade tensions, which many are expecting from a new round of tariff threats from both sides, would result in an economic crisis.

• Remington Files for Chapter 11 - Remington Arms Co. and its parent Remington Outdoors filed for Chapter 11 bankruptcy protection over the weekend due to falling sales.

• Facebook Privacy Probe - Shares of Facebook Inc. fell more than 5% after the U.S. Federal Trade Commission announced its investigation of the social network.

Financial and Economic Brief - March 20, 2018

• Rate Hike Strategy - Jerome Powell, chairman of the Federal Reserve, heads toward his first interest rate increase this week.

• Retail Companies against Tariffs - The Trump administration is preparing tariffs against Chinese information technology, telecommunications & consumer products to force changes in Beijing’s intellectual property & investment practices.

• L’Oreal Purchases ModiFace - L'Oreal has purchased ModiFace, a Canadian firm that specializes in artificial intelligence and augmented reality technology.

Financial and Economic Brief - March 13, 2018

• Jobs Grow in February - According to ADP and Moody’s Analytics, companies added 235,000 jobs in the month of February.”

• Change to China’s Constitution - On Sunday China's parliament amended the constitution to remove the limit on the number of terms the president can serve.

• Dropbox Inc. IPO - Dropbox Inc. filed for an initial public offering of 36 million shares, giving the company a value of more than $7 billion at the high end of the pricing range.

Financial and Economic Brief - March 6, 2018

• Trump’s Tariffs - According to Commerce Secretary Wilbur Ross, President Donald Trump's tariffs are “no big deal.”

• Stocks Continue to Drop - The Dow Jones Industrial Average fell for the fifth straight day as concerns about a global trade war following the President’s threat to impose tariffs kept investors concerned.

• AXA to Acquire XL Group - French insurance company AXA has reached a deal to acquire XL Group for approximately $15.3 billion.