Economy

Consumer Sentiment Near Year-to-Date Peak

The University of Michigan Consumer Sentiment Index jumped from a July reading of 83.4 to an August reading of 97.6, a 4.5% increase. Economists polled by Bloomberg had expected an ...
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Terror Attack in Barcelona Raises Stakes for Tourism Industry in Spain

The terrorist attack in Barcelona comes during the high season for tourism in Spain, the third-most visited country in the world, and it could dissuade tourists from visiting the Mediterranean ...
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Slow Growth for State Personal Income Persists in 2017

The current economic expansion, one of the nation’s longest, has increased personal income in all states above pre-recession levels, according to a recent report from Pew Charitable Trusts. However, the ...
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Thursday’s Mixed Economic Reports: Jobs, Production, E-Commerce, Leading Indicators

On top of the Federal Open Market Committee (FOMC) minutes, there have been multiple economic reports issued this week. Thursday brought five different major views that measure broad economic activity, ...
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Trump’s Trade War With China Disregards Companies Involved

A trade war is brewing between the United States and China, but the offended parties — U.S. companies operating in China supposed forced to hand over technology for access to ...
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Why Millennials Hold the Key to Sales of Luxury Goods

Having overtaken boomers in sheer numbers sometime last year, millennials now hold the key to U.S. consumer spending, the engine that drives nearly 70% of U.S. gross domestic product (GDP). ...
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Here Comes the Eclipse: Solar Event Will Traverse US on August 21

On Monday, August 21, North America will see a solar eclipse. The path of the total solar eclipse will stretch from Salem, Oregon, to Charleston, South Carolina, and traverse 14 ...
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Over 7 Million People May Visit Areas to See Eclipse, Causing Traffic Jams

What has been dubbed the U.S. eclipse of the century could draw as many as 7 million people to the areas in which the sun will be 100% blocked out. The ...
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US Seniors Hammered by Debt

One-third of Americans over the age of 50 carries non-mortgage debt averaging $4,786 in credit card debt and $12,490 in total non-mortgage debt. Predictably, the larger an older person's credit ...
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NOAA Raises Tropical Storm, Hurricane Forecast for 2017; Would Be Most Storm Activity in 7 Years

The National Oceanic and Atmospheric Administration (NOAA) said there is a 60% chance of an above-normal hurricane and tropical storm season, up from its prediction in May of 45%. NOAA ...
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US Corporations Pay Taxes Far Below Statutory Rate

The statutory federal corporate tax rate in the United States is 35%, and it has been since 1993. Any company that pays that rate should probably be looking for a ...
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A Third of US Men Use Condoms During Sex, CDC Study Says

About one-third of males in the United States use a condom when they have sex, an increase in condom usage among males since 2002, according to new data from the ...
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US Household Debt Reaches Record Levels Since Great Recession

The financial crisis roughly a decade ago was a defining moment in U.S. economics and regulation, but really this was a story of debt and who gets left holding the ...
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PPI Report Resurfaces With Hints of Deflation Again

It's one thing to say that there is no serious inflation. It's another issue entirely to be talking about the threat of deflation again. The U.S. Department of Labor released ...
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Saber Rattling Escalates as North Korea Threatens Preemptive Strike Against US

The saber rattling between North Korea and the United States escalated Wednesday as the communist nation threatened preemptive military strikes against the United States after President Donald Trump promised to ...
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