US Credit Card Debt Takes Aim at $1 Trillion
U.S. credit card debt rose by $33 billion in the second quarter of this year and is solidly on track to top $1 trillion by the end of 2017.
Economy
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Harvey and Irma Costs May Top $290 Billion
The combined cost of Hurricanes Irma and Harvey could top $290 billion, an unprecedented level that could slow the American economy and hammer insurance company balance sheets.
Could Hurricane Season Take Q3 GDP Growth To Zero?
Goldman Sachs has speculated that Hurricane Harvey may shave 1% off national GDP growth for the third quarter. Imagine what the results will be if another, larger hurricane decimates an area as large as…
Florida’s $815 Billion GDP Faces Major Threat
Florida has the fourth largest economy among all states, but Hurricane Irma could undermine business and financial activity across the state.
Hurricane Irma Has Miami in Its Crosshairs: Here’s What’s at Stake
As Hurricane Irma plows through the Caribbean and takes aim at Florida, it’s worth looking at what is at stake for the Miami metropolitan area, which appears to be directly in the path of…
Soaring Cranes, Sign of Miami’s Building Boom, Put Residents at Risk Ahead of Irma
The most visible indicator of the building boom in Miami, construction cranes, poses one of its biggest hazards, as Hurricane Irma takes aim at Florida and possibly other Southeastern states.
July Beige Book Has Good News on Consumer Spending, Worries About Auto Industry
The Federal Reserve published its Beige Book for July Wednesday afternoon, noting an increase in consumer spending but some worries about falling automobile sales.
Will Hurricane Irma Be Like Hurricane Andrew?
By several measures, Hurricane Irma could be a much larger destructive force than 1992's Hurricane Andrew.
Costs From Hurricane Harvey Racking Up as Hurricane Irma Threat Grows
Hurricane Irma is bearing down on the Caribbean and may possibly make landfall in the United States, and it is a rather dangerous Category 5 storm.
Failure to Raise Debt Ceiling Could Cost US Top Debt Rating — Perhaps Forever
In order to make the next required payment on the national debt, Congress needs to lift the debt ceiling above its current level of $19.81 trillion by the end of this month.
Gasoline Price Spikes in Hurricane Harvey’s Wake
The price of gasoline has surged across the United States in the wake of Hurricane Harvey. But are the biggest increases in the price of gas are behind us?
Irma Is a Cape Verde Hurricane: What Is That?
Hurricane Irma is a Cape Verde-type hurricane, and those kinds of storms have a reputation for being among the most destructive tempests.
Energy Sector Recovery From Harvey Still Bumpy
The path back to normal operations following tropical storm Harvey is neither straight nor smooth. Floodwater continues to be a problem in some places, while others are getting operations restarted.
Cities Where Robots Are Taking Jobs
The impact of robots and automation across the U.S. economy varies widely by city, state and region. Where robot use is heaviest it can account for a non-trivial number of workers.
North Korea: Country and Military by the Numbers
North Korea has conducted its first nuclear test in a year and claims that the underground blast was a hydrogen bomb. If true, that would mark a big step forward in the country's development…