Economy

US Leadership, Commitment to Democracy Tumble Under Trump: Surveys

Two new surveys released Thursday, one from Gallup and the other from Freedom House, offer global views on U.S. world leadership under President Donald Trump and the country's long-time commitment ...
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As China GDP Surges, a Threat to US Position as Top Economy

China's gross domestic product (GDP) has been closing in on that of the United States for some time. There are predictions that China will become the number one economy in ...
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Inflation and GDP Expectations Tick Higher

There has been some uptick in estimates for fourth-quarter U.S. gross domestic product (GDP) and inflation coming into 2018. After all, the surging stock market would help support those trends, which ...
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Cybersecurity and Environment Among Problems That Trouble Global Elite

The World Economic Forum (WEF) has released The Global Risks Report 2018, a collection of polls of nearly 1,000 "experts and decision-makers." Based on the composition of the group, it is a ...
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Refinancing Student Loans Gets Mixed Report

More than 45 million Americans have borrowed $1.45 trillion in student loans to help pay for their post-secondary educations. Repaying those loans can be tough, especially if the loan amount ...
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Holiday Online Sales Up 18% to Record $108 Billion

The 2017 holiday shopping season saw online sales hit a record $108.2 billion, up 17.7% compared with 2016. Revenue generated by mobile devices rose to $35.9 billion, 33.1% of all ...
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Older Workers Driving US Job Growth

Since 2000, the number of U.S. jobs has grown by 17 million. All that growth has been among workers aged 55 and older, and some economists think that the aging ...
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Consumer Prices in December Set Stronger Inflation Pressure for 2018

Inflationary pressures seem to be building as we enter 2018. The latest reading on the Consumer Price Index is back up closer to the Federal Reserve's inflation targets. Friday's key report ...
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China Overblown Treasury Risk, but Europe, Japan and US Fed Pose Larger Risks

The recent rise in U.S. interest rates was enough that some of the bull market's biggest cheerleaders started to get at least a little nervous. It turns out that the ...
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December Small Business Optimism Dips, but 2017 Sets New Index Record

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for December slipped by 2.6 percentage points from 107.5 in November to come in ...
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Is Record-High Consumer Debt a Good or Bad Thing?

The Federal Reserve issued its report on consumer credit Monday afternoon, and the news is that consumer credit rose in November 2017 at a seasonally adjusted annual rate of 8.8%. ...
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Severe Weather in 2017 Costs Americans $306 Billion

The average temperature in the United States last year was 54.6 degrees Fahrenheit, according to the National Oceanic and Atmospheric Administration (NOAA). That's 2.6 degrees above average and the third-warmest ...
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Disappointing Payrolls Gain May Have a Silver Lining

One of the most important monthly economic releases is the Employment Situation report from the U.S. Department of Labor. This is one of the top measurements of a healthy economy, ...
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Global Debt Tops $230 Trillion

The Institute of International Finance reported that global debt reached over $230 trillion at the end of the third quarter. That is up $16 trillion from the end of 2016. ...
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10 States Where the Most People Are Moving (and Leaving)

Based on people who move in and out of states, people are moving to small states and leaving large ones. According to recently released United Van Lines’ 41st Annual National ...
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