Michigan State’s Endowment Is $2 Billion, Nassar Victims Will Get $500 Million
No one has stated publicly where the settlement money will come from. Much of the university's endowment is restricted, so it may not be available to cover payments.
Economy
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Empire State Manufacturing Jumps in May
According to the May 2018 Empire State Manufacturing Survey, business activity grew strongly in New York. The headline general business conditions index rose four points to 20.1, beating out the Bloomberg consensus of 15.5,…
Why This Ignored Indicator Is More Important Than Interest Rate Hikes
Given that investors have pretty much priced in the expected number of rate hikes this year, besides the fact that rates now move independently of the money supply given excess reserves in the banking…
Memorial Day Travelers to Top 41 Million: AAA
The Memorial Day holiday weekend is coming up and travelers should expect higher gas prices and lower airfares, according to AAA. And more people doing the same thing you're doing--traveling.
Flat Consumer Sentiment Could Raise Questions Over Rate Hikes
The University of Michigan released its findings on the Consumer Sentiment Index on Friday morning. The preliminary reading for May remained flat and was more or less in line with the consensus estimate from…
Rising Crude Prices Threatened by Lack of Permian Pipelines: Dallas Fed
In its monthly Energy Update, the Federal Reserve Bank of Dallas discusses how the lack of pipeline capacity from the Permian Basin is costing crude oil producers up to $11 a barrel.
April Small Business Optimism Remains High Despite Labor Shortage
The National Federation of Independent Business reported this morning that small business optimism remains high. Finding and hiring qualified employees is becoming a sharper problem however.
Hawaii Tourism at Risk as Volcano Eruption Continues
The Kilauea volcano that recently erupted wildly is located in Hawaii. If the eruption continues for any long period, the state's tourism dollars will take a hit.
Volcanoes Line West Coast and Alaska
Last week's volcanic eruption at Kilauea has so far destroyed at least 26 homes and threatens many others. The entire west coast of the United States up through the Aleutian islands is riddled with…
March Factory Orders Rise 1.6%, Up 7.7% Year to Date
New orders for U.S. manufactured goods rose by 1.6% in March and were up 7.7% year over year for the first 3 months of 2018. Transportation goods, particularly commercial planes, lead the gains.
The FOMC May Have Just Blinked Over Not Getting Too Carried Away With Interest Rate Hikes
Many investors seem to get scared going into some Federal Reserve meetings, particularly when we are in a period of time where investors, consumers and business owners worry that the Federal Open Market Committee…
Differing Views on Strength in US Manufacturing Sector for April
Economists and investors just got to see two fresh views on the U.S. manufacturing segment of the economy. While growth remains in the air, it may be deemed to be at a less robust…
April Consumer Sentiment Weighs Tax Cuts vs Tariffs
The final April consumer sentiment index reading from the University of Michigan was down more than 2% month over month but remains up 1.9% year over year.
Why US GDP Is About to Hit $20 Trillion
What should stand out in the latest GDP report is that the U.S. economy is about to hit $20 trillion in GDP, if any of the expected growth comes to pass in 2018.
Colleges Skirting Regulations by Encouraging Delays on Student Loan Payments
It is no secret that the United States is heavily bogged down with student debt. A recent Federal Reserve study on debt showed that there more than 44 million Americans with student debt. The…