Economy

Consumer Inflation Not as Hot as Producer Inflation, but Plenty Justification for Rate Hike

After a strong reading on the Producer Price Index (PPI) for November, the U.S. Department of Labor has reported a strong reading for the Consumer Price Index (CPI) in that ...
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Survey: Trump White House Is Most Corrupt Institution in the US

When it comes to the "abuse of entrusted power," which is how Transparency International defines "corruption," the United States does not fare well. And the most corrupt institution is the ...
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November Small Business Optimism Nears All-Time High

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for November jumped by 3.7 percentage points from 103.8 in October to come in ...
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Rising Producer Prices May Have Solidified Fed’s Rate Hike Care

When investors and economists think about the start of a Federal Reserve meeting for interest rates, they generally think of unemployment and inflation in their mix about how the decision ...
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Average US Credit Card Debt at $15,564

Among the nearly half of U.S. households with credit card balances outstanding, the average debt is $15,564. Total U.S. credit card debt was $905 billion. All U.S. household debt totals ...
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Black Unemployment at 7.3%

The United States added 228,000 jobs in November, and unemployment stayed at 4.1%, the lowest level in decades. However the unemployment rate among black Americans was 7.3%, which shows the ...
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Overweight and Older Woman Face Huge Employment Bias

Human resources departments and employees who make hiring decisions are not supposed to pick new workers on the basis of race, color or creed. That usually also extends to weight ...
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More Than 86,000 Homes at Risk From Southern California Wildfires

Some 86,242 Southern California homes in Ventura and Los Angeles counties are at risk from the massive Thomas, Rye and Creek wildfires raging in the area. The combined reconstruction cost ...
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IMF Warns of ‘Tensions’ in Chinese Financial System

The rapid expansion of China's economy over the past several years has cooled recently from prior GDP growth rates in the double digits as the government has become more willing ...
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Economic Outlook Might Be Brighter Than Ever According to Executives

With the U.S. broad markets climbing to new highs, it’s hard not to be optimistic. Even the Business Roundtable issued its highest rating in five years for its economic outlook survey. ...
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President Trump Thinks US GDP Can Rise 6%

The most recent report on U.S. third-quarter gross domestic product (GDP) growth estimates that the U.S. economy rose by 3.3% year over year. President Donald Trump sees no reason that ...
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Why a Flattening Yield Curve Means Recession Ahead

The yield curve is flattening fast. The spread between 10-year and two-year Treasury yields has shrunk to just over half a point, a level not seen in over a decade. ...
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Where Gender Differences Come From

Do Americans believe that gender differences are the result of biology or social expectations? That is, nature or nurture, in an argument that traces its roots back to the late ...
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CEO Economic Outlook Index Cruises to 5-Year High

Markets have been cruising to record highs, and there’s no doubt that this has been spurred on by an increasingly positive outlook. Reflecting this, the Business Roundtable released its CEO ...
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Factory Orders Drop in October

U.S. factory orders remained strong in October, but the report did show a bit of slippage from the gains seen in September and August. The U.S. Department of Commerce reported ...
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