Unemployment Remains Above 20% in 2 Cities
Unemployment rates in two American cities are closer to the jobless rate of Greece than that of the United States.
All Work
Douglas A. McIntyre
Ford F-150 Sales Continue to Collapse
After repeated assurances that sales of Ford's flagship F-150 would rise as production of the new generation model came online, the opposite held true in June.
Nike Stock Up 2,300% in Past 2 Decades
Nike chairman, former CEO and co-founder Phil Knight leaves behind a legacy as one of the most successful public company leaders of all time.
Factory Activity in Greece Collapses
According to global economic research firm Markit, Greece can add to its debt problems the fact that its factory activity is contracting sharply.
Puerto Rico Unemployment at 12.6%, Poverty at 41%
Puerto Rico has an unemployment rate of 12.6%, a sign of how poorly off the territory's economy is.
Will Pollution Kill China’s Growth?
In a new book, former Treasury Secretary Henry Paulson says that pollution will measurably cripple China's growth.
Can Greece and China Drop Oil Back to $50?
Future global financial and economic problems could push crude back to $50, where it traded just four months ago.
European Stocks Down Almost 4% on Greek Panic
Banks did not open in Greece, although probably every Greek citizen would have taken his money and run.
Shoplifting and Fraud Cause Retailer Losses of $44 Billion
Fraud and shoplifting cost the retail industry $44 billion last year. That is almost twice the annual revenue of retailer Macy's.
New Fiat to Launch July 4th, as US Sales Collapse
Fiat Chrysler will release a new version of its iconic Fiat 500 on July 4. If the car does not lift U.S. sales, Fiat will suffer another disaster.
Can F-150 Sales Drive Ford June Sales Higher?
While car and light truck sales in the United States are expected to rise by 5.7% in May, Ford sales are expected to rise less than that.
Volkswagen Comeback Gains Traction
No major car company has had more difficulties in the U.S. market than global behemoth Volkswagen.
Over 41 Million Americans Will Travel During July 4th Holiday
Strong employment. Cheap gas. The two equal a rise in the number of people who will travel over the July 4th holiday.
Greek Youth Unemployment Rate Above 50%
Lost in the battle over Greek debt and austerity is the fact that unemployment among people under 25 remains over 50%.
New Car Sales Forecast to Rise 6% in June
The American new car market continues to shoot toward new records. According to Kelley Blue Book, June will help sales move much higher.
Only 1% of Facebook Tech Employees Are Black
A new diversity report from Facebook shows that only 1% of its tech workers are black, but the company plans to bring balance to its workforce.
McDonald’s Better Menu, a Little
McDonald's reports that its menu choices have become healthier, but the progress is barely a start.
Major Chinese Index Falls 7.4%
ThinkstockA correction may have hit the white-hot Chinese stock market, which has been fueled, it is supposed, by individual investors eager to increase their net worth. The SSE Composite Index dropped 7.4% yesterday. The…
Does Wal-Mart Sell Anything Offensive?
Wal-Mart CEO Doug McMillon says he does not want the company he runs to sell anything offensive. While it is a lofty goal, it is impossible to meet.
Too Many Streaming Music Services
There are too many music services, be they downloads, streaming, ad-supported or paid subscription supported. Not every one of these can survive, or at least not all can prosper.