Economy

Immigrant Number Climbs in US, Forecast to Have Highest Share Ever in 2023

The immigration population in the United States climbed to a record 43.7 million people, or 13.5% of the total U.S. population, in 2016, according to a recent report from the ...
Read Full Story »

Post-Hurricane Industrial Production Back to Growth in September

U.S. industrial production rose in September. The Federal Reserve has indicated that the economy recovered from storm-induced weakness in August and in the first half of September with a seasonally ...
Read Full Story »

New York Fed Manufacturing Screams Higher in October

The Federal Reserve Bank of New York has released its Empire Manufacturing Survey for October, which is one of the first "live month" economic readings that economists and investors get ...
Read Full Story »

Can Ireland Withstand Hurricane Ophelia?

2017 has been the strongest hurricane season since at least 2005, and many observers would say that it is a year when the hurricanes and tropical storms just did not ...
Read Full Story »

How Wholesale and Retail Inflation Disparity May Pressure the Fed

When most people think of inflation they might get tricked into thinking that the prices of goods and services all rise across the board. The reality is that inflationary is ...
Read Full Story »

Social Security Recipients to Get 2% Bump in 2018

Millions of Social Security recipients and retirees will receive a 2% increase in benefits next year, the largest gain since 2012. The Social Security Administration announced the cost-of-living adjustment (COLA) ...
Read Full Story »

Wrath of Wildfires Puts California Wine Industry at Risk

In a year scarred by nature’s fury with hurricanes ravaging the South and the Caribbean, the scene is shifting west. California is now reeling from the devastation wrought by wildfires ...
Read Full Story »

FOMC Minutes Signal Only Slow Balance Sheet Wind Down With Slow Rate Hike Plans

The U.S. Federal Reserve has released the minutes of the September 2017 FOMC meeting, and the investing community and economic watchers should take the notion that the current members are ...
Read Full Story »

More Than 172,000 California Properties at Risk From Wildfires

More than 172,000 homes in the Napa and Santa Rosa metro areas, with a combined reconstruction cost value (RCV) of more than $65 billion, are at some level of risk ...
Read Full Story »

September Small Business Optimism Dives on Weak Sales Outlook

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for September tumbled by 2.3 percentage points from 105.3 in August to come in ...
Read Full Story »

Why High School Students Left $2.3 Billion in College Aid on the Table

The high school class of 2017 left as much as $2.3 billion in federal grant money for college on the table, according to a new analysis by NerdWallet. The grant ...
Read Full Story »

10 States Where Drunk Driving Kills the Most People

Between 2007 and 2014, the number of people killed in crashes on U.S. highways dropped by 21%, from 41,259 to 32,744. Fatalities increased to 35,485 in 2015 and to 37,461 ...
Read Full Story »

Hurricane Damage May Hit 76,000 Homes

As Tropical Storm Nate moves ashore on the Gulf Coast, possibly as a hurricane, tens of thousands of homes are at risk for severe damage. The total amount of the ...
Read Full Story »

California Governor Signs Bill Creating ‘Sanctuary’ State, in Rebuke to Trump

Governor Jerry Brown Thursday signed legislation to make California a “sanctuary’’ state, inviting possible retaliation from President Trump. In signing the bill, Brown limited who state and local law enforcement ...
Read Full Story »

Tropical Storm Nate Likely to Cause More Financial Damage to Gulf States

Tropical Storm Nate will make landfall somewhere between Louisiana and the Florida Panhandle this weekend. While it will not cause the amount of damage hurricanes Harvey and Irma did, it ...
Read Full Story »