Economy

Border Tax Fight Divides American Industry

The fight over a proposed border-adjusted tax that is under consideration in the U.S. House of Representatives is being rejoined, and the issue is cutting across American industries. Chief executive ...
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How Many Jobs Will Self-Driving Trucks Eliminate?

The jobs of as many as 3.1 million U.S. truck drivers are at risk as autonomous (self-driving) technology for the big rigs continues to be developed. That's about 2% of ...
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Best and Worst Cities for Saving Money

In order to save money, a household's income needs to exceed its spending. Economics doesn't get any simpler than that. But it quickly gets more complicated. If you want to ...
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God & Mammon: Church of England Endowment Returned 17% Last Year

Among the most successful — if not the most successful — endowment fund investment performances was turned in by the Church of England. The church's £7.9 billion (about $10.3 billion) ...
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Brazilian Stocks and ETFs Battered on Fresh Scandal News

If you have ever wondered if American politics is just too volatile, looking into Latin America might make even the most concerned Americans feel better about having stability. Brazil is ...
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Are Millennials More Responsible Than Their Parents?

The millennial generation of Americans takes a lot of lumps for being coddled, even spoiled rotten, and for expecting that coddling and spoiling to last a long time. Millennials, however, ...
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As Household Debt Hits New Highs in 2017, Serious Delinquency Rates Are Rising

The Federal Reserve Bank of New York has released its Household Debt and Credit Report for the first quarter of 2017. While the economy has been recovering and while things ...
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A Third of Food in US Is Never Eaten

Every year, Americans send 52.4 billion tons of food to landfills. That food costs about $218 billion to grow, process, distribute and, finally, throw away. All this at the same ...
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Memorial Day Travel to Be Highest in Over a Decade

Travel during the Memorial Day weekend will be the highest since before the Great Recession. It is expected that 39.3 million Americans will travel more than 50 miles from home ...
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Weak Empire Manufacturing Largely Ignored by Markets

The Federal Reserve Bank of New York has released its Empire Manufacturing Survey for the month of May, and it is a wonder that the news did not weigh more ...
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World’s Largest Hedge Fund Says Economy Is in Trouble

Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, says the economy has gotten as good as it can get. That makes future improvement unlikely. As a matter ...
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US Summer Weather Forecast: Wet and Hot Prevail

The summer of 2017 promises to be wetter and cooler in some parts of the Lower 48 states, dry and hot in others, with a threat of rampant wildfires in ...
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US, China Trade Agreement Includes More Beef, LNG

The U.S. Department of Commerce on Thursday announced the first fruits of the Florida meeting last month between President Donald Trump and Chinese President Xi Jinping. Included among the 10 ...
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4 in 10 Drivers Aren’t Prepared for Emergency Breakdown

Many drivers who are on the road this summer don't have the tools or equipment to handle an emergency breakdown. The AAA puts that figure at four in 10. That means ...
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US Cities With the Most and Least Student Debt

At the end of the first quarter of this year, the Federal Reserve Bank reported that total U.S. student loan debt topped $1.4 trillion, more than U.S. credit card debt ...
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