GDP Growth Estimate Ticks Down to 2.2% in Revised Reading
The second estimate of first-quarter U.S. GDP growth was revised downward by 0.1 percentage points to 2.2% quarter over quarter.
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Trump to Proceed With 25% Tariffs on $50 Billion of Chinese Imports
The White House said Tuesday morning that the United States would identify in June certain Chinese goods that would be subject to 25% tariffs and begin imposing the tariffs shortly thereafter.
Consumer Confidence Rises in May
The Conference Board has released its May reading of consumer confidence, showing a gain after a downward revision in April.
North Korea: Country and Military by the Numbers
A potential summit meeting between the United States and North Korea to discuss Korea's nuclear weapons program is under discussion again. The isolated country also has other military and cyber assets that bear watching.
Americans Favor Stable Pay Over High Wages
Many Americans would rather count on modest paying jobs than have high paying jobs which might face jeopardy. This is based on a new study from the Federal Reserve. According to the Report on…
Alberto Damage Estimated at $800 Million as It Moves in Gulf of Mexico
One of the parts of the storm analysis system which is often overlooked is economic models. As tropical storm Alberto plows through the Gulf of Mexico, it appears to have set a course north…
As Alberto Churns in the Gulf, Hurricane Season Looms
The storm season has begun. The National Weather Service reports that activity may be higher than normal. The first storm out of the gate is Alberto.
Is 2018 on Track for a Bigger Than Average Storm Season?
With Memorial Day quickly approaching, hurricane season is almost upon us. Last year Texas was rocked by one of the most devastating hurricanes this country has seen, so there’s no doubt that everyone will…
The Gig Economy, Uber and Jobs
While the gig economy got a lot of news coverage a few years ago, there's not so much now. There are at least a couple of good reasons for that: first, the pay is…
Why Are CEOs Paid 361 Times More Than Their Average Employees?
There is new research that may partly explain why the gap between CEO compensation and average worker pay has gotten so wide.
Eurozone PMI Lowest in Over a Year
There have been worries that the global economy could reach a slow patch, or even a recession, as consumer spending falters, oil price increases take hold and early stages of inflation and trade frictions…
The Great Recession Has Created a New ‘Lost Generation’
According to a study by the St. Louis Federal Reserve Bank, young American families have recovered least from the effects of the Great Recession and are at risk of becoming the country's next "lost…
10 Most Affordable US College Towns for New Grads
For a variety of reasons, many new college graduates are choosing to remain in the town where they went to school. Here are 10 college towns that are the best and most affordable in…
What Millennials Are Willing to Spend on Their Pets
May is National Pet Month, and pets make up an incredibly important part of many consumers lives. In fact many pet owners are willing to spend a substantial amount of money on their “fur…
NAFTA Negotiations Drag Past Deadline for US Action This Year
A "soft" deadline to propose changes to the NAFTA trade deal passed on Thursday without any change in the negotiations. This could mean a delay until after the first of next year for the…