How Much of Americans’ Personal Wealth Is Tied Up in Their Home?
More than two-thirds of an American household's wealth is determined by the value of their home if they own the home they are living in.
Economy
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Shopping Mall Rents Falling Ahead of Holiday Shopping Season
Shopping mall vacancy rates have reached multiyear highs and mall rents are sliding ahead of the annual holiday shopping season. Is anyone surprised?
Yale Endowment Hits $24.9 Billion Record High, Beating Harvard’s Growth
Yale University, one of the top academic institutions in the world, has the second largest endowment in the United States. It has announced that the value of the fund surged 12.3% to $24.9 billion.…
IMF Chief Voices Worry About Global Expansion
Has the world's economic improvement, nearly a decade in the making, peaked? The head of the IMF thinks so.
US, Canada Strike Last-Minute Trade Deal
The United States and Canada reached agreement on a new trade deal late Sunday night. Combined with the August deal between the United States and Mexico, a new North American trade pact is set…
Business Economists See Less Chance of Recession, Widening Trade Deficit
The National Association of Business Economists has released the results of its latest survey on the U.S. economy for this year and next. Overall, the forecast is positive with some significant downside risks.
California Law Would Make Companies Have Just One Female Director
California's legislature has passed a bill, which Governor Jerry Brown will sign, that requires each company based in the state to have at least one female director in the near term.
NAFTA Replacement Will Help Middle Class?
The new United States-Mexico-Canada Agreement (USMCA) is meant to help the middle class in the three countries.
China Purchasing Managers’ Index (PMI) Dips in September
China’s Purchasing Managers’ Index (PMI) dipped in September, below the number posted in the several months prior. The data were released by the National Bureau of Statistics The September figure was 50.8, down from…
September Consumer Sentiment Increase Tempered by Tariff Concerns
The September survey of consumer sentiment from the University of Michigan is up more than 5% year over year and more than 4% month over month.
More Taming of GDP Growth Figures for Q3 of 2018
The economy may get another 4% growth rate in GDP in the third quarter of 2018. Or will it?
FOMC Rate Hike Takes Backseat to Less Accommodative Outlook
It was no secret that the Federal Reserve’s Open Market Committee (FOMC) was set to hike interest rates on Wednesday, September 26. In fact, the CME FedWatch Tool, which uses Fed Fund futures…
Losses From Hurricane Florence Could Reach $30 Billion
Hurricane Florence killed at least 43 people as it rampaged through the Carolinas and Virginia. The storm also inflicted property damage that could rise to $30 billion, according to a report from CoreLogic.
Consumer Confidence Approaching an All-Time High
The Conference Board on Tuesday reported a consumer confidence index score of 138.4 for September. The score is closing in on an all-time high set in 2000.
Average US Credit Score Reaches All-Time High
The average U.S. consumer credit score has reached an all-time high according to FICO. As anyone who has applied for a mortgage or a car loan knows, a solid credit score is essential.