The 10 Richest Presidents in American History
24/7 Wall St.'s study of the wealth of American presidents is the gold standard on the subject. Earlier this year, our editors looked at the top 10.
Economy
All Economy Articles
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Producer Prices and Retail Sales Show Disappointing Inflation Trends
Wishing for higher inflation sometimes just feels odd. You have to have higher prices in the future to help with growth, but it means we all have to pay more (and earn more) to…
How the Grand Canyon Creates $509 Million for Economy
The Grand Canyon had over 5 million visits in 2015, and those visits produced $509 million to the economy and helped create and support 8,897 jobs.
Is a $113 Billion Government Deficit in July Actually Good?
Is it even remotely possible that a government deficit of $113 billion in a single month can be construed as good news? Apparently so, at least on a relative basis. The United States government…
Should Negative Labor Productivity Become a Political Hot Button?
Even though 2016 is an election year, no politician really will try to tackle the issue of a decline in overall labor productivity.
Billionaire Population Reaches 2,473
According to Wealth-X, the number of billionaires in the world rose slightly last year, but the percentage of wealth controlled by them was down slightly.
July Payrolls Surge Unexpectedly Higher
If you ever wondered if the economists and market participants can get it very wrong, look no further than Friday's exceptionally stronger than expected payrolls report.
Does an Overvalued Stock Market Mean a Crash Is Coming?
The market is not cheap. Yet it is also nowhere close to historic highs that might bring panic levels. It is quite possible that the market is just in a new no-man's land where…
What Bank of England’s Rate Cut and Quantitative Easing Really Mean
The Bank of England has decided to try to fend off more economic weakness, and hopefully avoid a recession, by lowering interest rates for the first time in seven years and launching bond buying
Manufacturing and Production Point to Muted Payrolls and Unemployment Report
No report is more closely followed than the monthly payrolls and unemployment report. This week's economic reporting points toward a muted payrolls report this Friday.
ADP Sets Up Low Expectations for July Payrolls and Unemployment
The volatility in the jobs market has created a bit of a stir around each monthly unemployment and payrolls report.
US GDP for 2016 Just Took a Sharp Turn Lower
Maybe America is supposed to just be happy that GDP is up at all when the rest of the world is sucking wind and suffering with negative interest rates.
Janet Yellen and Fed Keep Rates Flat, Hint at Future Hike Chances
The Federal Reserve’s Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged at its two-day June meeting. This should hardly be a surprise to any economist or to any investor, particularly…
Fed Has to Deal With Worst Durable Goods Report in Almost 2 Years
Durable goods matter because they sum up what is happening in the big-ticket items that help make up U.S. gross domestic product.
US Consumer Confidence in July Downplays Brexit Fears
investors and economists should take at least some comfort in that the consumer confidence reading was almost unchanged in July from June.