ThinkstockIn its report on personal income and spending for July, the U.S. Bureau of Economic Analysis data shows that personal income in current dollars grew by 0.1% month-over-month, as did personal spending (called personal…
ThinkstockIf the European economy has improved at all, it has not shown up in unemployment numbers among the region’s weakest nations. According to Eurostat, within the region: Among the Member States, the lowest unemployment…
ThinkstockAs retail and fast-food workers strike across 60 cities as a means to get their employers to raise wages as high as $15 an hour, most Americans support the labor union system, a fact…
ThinkstockMore than two-thirds of 2011’s college graduates had student debt. Those students, according to the Project on Student Debt, had an average of more than $25,000 in back loans. To make matters worse for…
ThinkstockFor many industries hurt by slow growth, there is China and there is the rest of the world. As consumer and business activity slows in the old world of Europe and the United States,…
ThinkstockOne more sign appeared that Europe is slowly recovering from its years-long recession, one that outlasted the one in the United States by nearly three years. There already have been data on improved manufacturing, and…
August 29, 2013: U.S. markets opened lower Thursday morning on a better than expected report on new jobless benefits claims and a higher-than-expected second reading on second quarter GDP growth. Traders must be getting…
Among companies that continue to offer defined benefit retirement plans, shedding the risks associated with those plans has rapidly become a strategic objective. As company-sponsored pension plans have gotten better funded companies have focused…
ThinkstockIn its weekly Primary Mortgage Market Survey, home lending giant Freddie Mac reported that mortgage rates for fixed-rate loans have pulled back a little following five weeks of increases. The interest rate on a…
ThinkstockIn the month of July, 49,000 U.S. home foreclosures were completed, down from a revised total of 53,000 in June and down from 65,000 in July 2012, according to research firm CoreLogic Inc. (NYSE:…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 67 billion cubic feet last week, compared with an expected build of about 64 billion cubic feet anticipated by…
courtesy of XiaomiLittle-known Chinese smartphone maker Xiaomi has just scored a major coup. The sixth largest smartphone maker has just announced that it has hired Google Inc. (NASDAQ: GOOG) Android vice president Hugo Barra…
courtesy of VerizonThe on-again, off-again discussions between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group PLC (NASDAQ: VOD) for a Verizon buyout of Vodafone’s 45% stake in Verizon Wireless are reportedly on again. Vodafone…
ThinkstockThe quarter-over-quarter rise in U.S. gross domestic product (GDP) was 2.5% in the second quarter of 2013, according to data released Thursday morning by the U.S. Department of Commerce. The increase is more than…
ThinkstockFor the month of July, U.S. home sales reached an annualized rate of 5.5 million, up 4% from June and 11% higher than the rate in July 2012. But as with most things related…