Economy

Millennials Spend More on Food, Cell Phones, Less on TV Than Older Generations

Millennials are spending significantly more than their elders in four of six categories examined in a survey from Bankrate.com. Those between the ages of 18 and 36 are spending more ...
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Back-to-School Spending to Top $83 Billion, Says Retail Group

Buoyed by a strong job market and a stable economy, consumers are forecast to spend $83.6 billion on back-to-school and back-to-college items, an increase of more than 10% from last ...
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Over 1 Million Teens Hired in June, Most in 10 Years

Hiring for teens took off in June as companies employed 1,023,000 workers aged 16 to 19, the most since 2007, following a below-average May, according to the latest analysis by ...
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Obamacare Repeal Would Increase Number Of Uninsured By 27 Million In 2020

The Congressional Budget Office forecast a massive balloon in the number of Americans without insurance if Obamacare repealed. The number of uninsured would rise by 27 million in 2020.  The Republican effort ...
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June Import and Export Prices Confirm Lower Inflation Versus Fed Targets

The market has already seen lower-than-expected news on the consumer inflation front for June. Now the Labor Department is showing more confirmation of that news from its report on June's ...
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New York Fed Manufacturing Survey Indicates Slower Growth

According to a report from the Federal Reserve Bank of New York, business activity grew only modestly in the state of New York in July. Companies responding to the July ...
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America Is Running Out of Workers

The June unemployment figure was 4.4% as America added 222,000 jobs. As it turns out, the labor market is so strong that many companies find they are running out of ...
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Why Americans Are Foregoing Retirement

The traditional American retirement age of 65 is in the rear-view mirror. Nearly a third of Americans between the ages of 65 and 69 are still working and nearly 20% ...
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Inflation and Retail Sales Continue to Disappoint

Earlier this week Federal Reserve Chair Janet Yellen signaled in her congressional testimonies that the Federal Open Market Committee's rate hikes may already be closer to an end. Yellen also ...
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170 US Coastal Communities Face Chronic Flooding by 2035, Say Scientists

By 2035, about U.S. 170 communities, or twice as many as today, will face chronic flooding, with more than 100 seeing at least a quarter of their land chronically flooded, ...
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Did Janet Yellen Just Signal That Rates Will Remain Lower for Much Longer?

Federal Reserve Chair Janet Yellen was slated to testify before the U.S. House of Representatives Committee on Financial Services on Wednesday. There is a debate over whether this might be ...
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44 Million People — Not Just Millennials — Have a Side Job

The economy has created the side hustle — earning extra money apart from main source of income — and apparently more than 44 million American adults have one, according to a ...
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June Small Business Optimism Slips, Pay Dips 4%

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for June fell 0.9 percentage points from 104.5 in May to come in at ...
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Small Business Hiring Might Dampen BLS Payrolls Report Expectations

The markets brace for payrolls and unemployment data at the start of each month. Several private releases have been used a historical barometer by economists and traders alike to predict ...
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North Korea: Country and Military by the Numbers

The government of North Korea said on Tuesday afternoon that the country had successfully launched its first intercontinental ballistic missile (ICBM). The missile reached an altitude of 1,737 miles and ...
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