Hurricane Lane Threatens $8 Billion in Damage to Hawaii
As Hurricane Lane bears down on the Hawaiian island of Oahu, analysts at CoreLogic estimate that more than $8 billion in property is at risk of heavy damage from the storm.
Economy
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FOMC Minutes Point Heavily to Risks in Trade and Tariffs
If you thought that Federal Reserve’s FOMC meeting for July 31 and August 1 was all over and done, guess again. Wednesday brought the release of the FOMC minutes. Despite the information being…
When the Current Bull Market Ends, How Big Will the Sell-Off Be?
The current bull market is 3,453 days old, which is a record. It will end, but when? And how bad will the sell-off be?
Half of Violent Threats Against Schools Occur in Just 10 States
A new report from the Educator's School Safety Network shows that a relative handful of states were responsible for half of the incidents and threats of violence that were recorded for the 2017-2018 school…
Will California Restaurants Push Water Over Soda?
Some members of the California legislature want to pass a bill that would govern which drinks restaurants can offer children. Would it hurt the soda business in the state?
Venezuela Issues New Currency, Lifts Wages 6,000%
In an effort to right the country's collapsed economy, Venezuelan President Maduro has issued a new currency and raised wages for workers. The announced steps have almost no chance of making a difference.
Temperature to Spike Well Above 100 Degrees in the West, Threat to Economy
A wave of 100 degrees plus weather across much of the United States is not over. And the effects on the economy are likely to worsen each day.
August Consumer Sentiment Slides to 11-Month Low
The University of Michigan's preliminary consumer sentiment index reading for August hit an 11-month low as consumers are worrying more about inflation. Final numbers for the month come out on August 31.
A Closer Look at Turkey’s Economy
The Turkish economic disaster caught many of the world's global financial experts by surprise, so it is no wonder that the catastrophe has roiled the markets so badly.
Rebuilding the Employment Security System for the Rust Belt That Created It
The country's economic security system developed in the manufacturing cities in the upper Midwest spread the benefits of a booming U.S. economy in the post-World War II era. Those benefits have eroded and need…
The Rust Belt Needs Capital to Turn Talent and Innovation Into Jobs
The Rust Belt has many economic challenges, but also boasts important economic strengths, perhaps none as important as the tremendous innovation and talent emerging from its companies and universities, argues John C. Austin of…
Worker Productivity Hits 3-Year High
The U.S. Department of Labor has released data indicating that nonfarm labor productivity rose by 2.9% in the second quarter of 2018. This was the strongest productivity gain in over three years.
Retail Spending Remains Strong, Up More Than 6% in July
The U.S. Census Bureau reported Wednesday morning that retail sales in July rose 0.5% month over month and more than 6% year over year. The increase was much better than expected.
July Small Business Optimism Second-Highest in 45 Years
The National Federation of Independent Business reported Tuesday morning that its small business optimism index rose to its second-highest reading in 45 years. Finding qualified employees remains the top issue for small business owners.
CBO Shows No Recession Though 2028
If the CBO is correct, the U.S. economy will go two decades without a recession, which is near twice any past the period.