More Than 48,000 Homes at Risk Due to California Fires
The Camp and Woolsey fires have spread so extensively that over 48,000 homes are at risk for severe or total damage.
Economy
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Business Roundtable Says Growth, Consumer Privacy Are Compatible
The Business Roundtable has published comments on a U.S. Department of Commerce initiative to develop a national law protecting consumer privacy.
November Consumer Sentiment Slips, Election Impact Negligible
Consumer sentiment dipped slightly on the preliminary University of Michigan index reading for November. The index score for the year to date is higher than in any year since 2000.
November FOMC Statement Points to Moderated Business Investment Growth
The Federal Open Market Committee has released its statement on the decision on whether or not to raise interest rates. As expected, no rate hike was announced at this current meeting for November. And…
Number of Thanksgiving Travelers Will Hit 54 Million, Most Since 2005
The number of people who will travel over the Thanksgiving weekend is forecast to reach more than 54 million, the highest number in 13 years.
US CEOs Leaving Jobs at Highest Rate in 10 Years
U.S. CEOs are leaving their corner offices at the highest annual pace since 2008 when the housing collapse and financial crisis were in full swing.
Holiday Shopping Season Spending Forecast: $1 Trillion
Retail analytics firm eMarketer has raised its forecast for U.S. retail sales during the 2018 holiday shopping season to just over $1 trillion. This marks the first time ever that sales could reach that…
Why 7 Million US Job Openings May Look Weaker Than It Sounds
The so-called JOLTS report from the Bureau of Labor Statistics showed that hires and separations were both little changed in September, but the number of job openings fell.
US Colleges Making the Most Money From Application Fees
Millions of American high school students are or will soon be applying to colleges for the fall of 2019. More than 80% of colleges charge application fees and most applicants apply to three or…
Strong Unemployment, Payrolls and Wages Creates Perfect Storm for Markets and the Federal Reserve
Friday’s unemployment and payrolls report from the U.S. Department of Labor was strong, perhaps strong enough that it still offers plenty of cover for Jerome Powell and his fellow Fed-heads to keep raising…
Trump Comes Down on Counterfeit Goods
In a profound move, President Trump says the United States will withdraw from a 144-year-old postal treaty allowing steep postal discounts for Chinese manufacturers and counterfeiters.
China’s PMI Growth Dips Toward Zero
The trade war with the United States apparently has hurt China's manufacturing sector, judging by its PMI reading for October.
Europe GDP Growth Moves Toward Zero
While much of the economic world has its eyes on the effect on gross domestic product of a trade war between China and the United States, the world's other leading economy, that of the…
Companies Expect Distracted Workers for Midterm Elections, Says Survey
This year, Americans are riveted on the outcome of the midterm elections, which are held between the presidential elections, more so than in other years. Companies are anticipating heightened interest in this election cycle,…
Consumer Confidence Roars to 18-Year High Ahead of Holidays
The U.S. economy continues to be a mighty engine. Consumer confidence reached an 18-year high this month.