The Number of Global Millionaires Keeps Growing, but Millennials May Be Left Behind
Maybe there is never a bad time to be a millionaire. And there are now more millionaires than ever, according to a new report.
Economy
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Pay Raises Scarce Last Year
Less than half of all American workers got a pay increase last year and older workers fared much worse than their younger associates.
Wholesale Inflation Rises Above Fed’s Inflation Target
The Federal Reserve has had the same target range on inflation for years now. Unfortunately, that target has been rather elusive until recently.
Small Business Optimism Runs Into Risks on Hiring New Employees
The National Federation of Independent Business has released its October Small Business Optimism Index, showing that optimism remained at lofty levels.
Why the Fed’s Inflation Targets Finally Look Reasonable and Present
The Department Labor is set to release its Producer Price Index on Tuesday and will then release the Consumer Price Index on Wednesday. Here's what to look for.
North Korea: Country and Military by the Numbers
The U.S. president arrived in South Korea Tuesday for a two-day visit that will include an address to the country's National Assembly. North Korea has not kept silent, but neither has it launched any…
Americans’ Biggest Worry? Cybercrime
A new Gallup survey shows that two-thirds of Americans worry most about having their personal data stolen or being the victims of identity theft. Less than half as many worry about being victims of…
Saudi Arabia’s Economy by the Numbers
At least 11 members of the Saudi royal family were arrested on Saturday on the orders of a newly formed anti-corruption committee led by the Crown Prince. What's at stake for country's economy, and…
Labor Costs and Productivity Look Like a Win-Win for the Economy
After a long period of stagnation, the measure for worker productivity is back on the up. And at the same time, and for the better, wages are still rising.
46.5% of College Dropouts in Default
Nearly half of college dropouts are in default on the loans they took out to attend college and 15% have no plans to repay that debt.
Janet Yellen Continues Moving to Reduce the Federal Reserve’s $4.5 Trillion Balance Sheet
Any time there is a Federal Reserve meeting investors pay attention. After all, the Federal Open Market Committee is the body inside the Fed which can determine whether or not to raise interest rates.…
New Construction Spending Modestly Higher in September
Spending on new construction rose slightly in September, but new single-family residential construction is up nearly 12% year over year.
Manufacturing Growth Ticked Lower in October, but Still Robust
ISM has released its reading on manufacturing activity in October. While it is slightly lower than the prior reading, the reality is that it was at a 13-year high in September.
Yes, There Is a Real Cost for Brexit
There have been costs associated with the recent Brexit vote that are already weighing on the United Kingdom. These costs may weigh on the nation for some time.
Employment Costs Rising Handily With Stronger GDP
Wages increased handily in the third quarter of this year, but other employment-related costs contributed to the gains as well.