WMT strike Black Friday 2012

Workers Say Walmart Chairman Owes $7.8 Billion Tax

A new report from a coalition called Americans for Tax Fairness (ATF) claims that Wal-Mart Stores Inc. (NYSE: WMT), Chairman Rob Walton and the entire Walton family owe the United ...
Read Full Story »

Consumer Inflation Ticks Higher in March

The Consumer Price Index (CPI) in the month of March did not follow the exact same gains as last week's Producer Price Index. That generally takes two months or even ...
Read Full Story »
Graphene Crystal

Over Half of Americans Think Taxes Too High

In the midst of a period when the U.S. government is cutting expenses and looking for more revenue to close the budget gap and slow the ballooning of the national ...
Read Full Story »

Detroit Sells Homes for $1,000

Detroit has started to auction homes for as little as $1,000 each. Its Building Detroit website launched Monday with 15 homes and a series of rules buyers must follow once ...
Read Full Story »
West side view of the United States Capitol building.

Budget Deficit Continues Shrinking

The Congressional Budget Office (CBO) released its updated estimate of the U.S. federal budget deficit on Monday afternoon. The agency now estimates that the fiscal year 2014 deficit will fall ...
Read Full Story »

Russian Economy May Fall From World’s Top Ten

Russia is the world's seventh largest economy based on gross domestic product (GDP). The CIA World Factbook puts its GDP for 2013 at $2.55 trillion. An even modest contraction would ...
Read Full Story »

Consumer Sentiment Rises to Nine-Month High

The preliminary April read on the Thomson Reuters/University of Michigan Consumer Sentiment Index rose to a nine-month high of 82.6. A survey of economists by Bloomberg had a consensus estimate ...
Read Full Story »

Inflation Finally Arrives — at Least at the Wholesale Level

If the Federal Reserve ever wanted to see some inflation -- as they keep claiming (careful what you wish for) -- the Labor Department just gave a first piece of ...
Read Full Story »
Map of United States

Minnesota Raises Minimum Wage

Yet one more state is about to raise the minimum wage. At the current rate at which states are taking this action, the move by some members of Congress to ...
Read Full Story »
Stock Split Image

Treasury Deficit at Decade Low in March

The U.S. Treasury may have had a successful 30-year Treasury Bond auction, but the Treasury budget deficit is alive and well. That means more deficits ahead. The Treasury's budget deficit ...
Read Full Story »

Chicago Fed Evans – Fed Still Missing Employment and Inflation Targets

Charles Evans, President and CEO of the Federal Reserve Bank of Chicago, was speaking on Wednesday afternoon regarding the Fed's monetary goals and strategy. Evans has been a known backer ...
Read Full Story »
US Federal Reserve

FOMC Minutes Less Hawkish Than Yellen Comments

The Federal Reserve has released its minutes of the FOMC's March 18 to 19 meeting. These comments should, in theory, not really move the market when you consider that the ...
Read Full Story »

Wholesale Trade Rises in February

The U.S. Census Bureau reported Wednesday morning that U.S. wholesale trade rose 0.7% in February to $436.1 billion from a downwardly revised January total and up 3.1% compared with February ...
Read Full Story »

Is the Corporate Tax Rate Really Hurting the Economy at 35%?

This is a million-dollar question, literally. Maybe even a billion-dollar question, given all the lobbying money being spent on the debate. The United States has a top corporate income tax ...
Read Full Story »
greek flag

Greek Long-Term Bond Sale: Is It Too Soon?

Greece reportedly will announce a long-term bond sale as soon as Wednesday, the first time it has had access to capital markets since March 2010. But the question to ask ...
Read Full Story »