US Consumer Income, Spending Rise in July
Consumer spending rose by 0.4% month over month in July and inflation has remained well below 2% for the third consecutive month.
Economy
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North Korea and Debt Ceiling Tie as Disasters for US Economy
The American economy seems impossible to derail. However, two factors, completely unrelated, could ruin current progress.
Strong Q2 GDP Report Gets Big Ho-Hum From Markets
Stronger-than-expected second-quarter GDP growth got its biggest boost from consumer spending and its biggest anchor from residential fixed investments (home buyers).
Harvey Could Become Costliest Ever US Natural Disaster
Damage in the Houston area from tropical storm Harvey could rise as high as $160 billion, according to an estimate from Accuweather.
Consumer Confidence Continues to Improve in August
Overall, consumer confidence continued to improve in August, though there were mixed readings in the latest report.
Dallas Fed Survey Shows Inflation Move
The Dallas Fed released its monthly report on the Texas manufacturing outlook. In general the survey indicates a sunnier outlook, with large gains in two categories that could signal rising inflation.
Texas Flood: More Than a Song Title
In Houston and other Texas cities hit hard by tropical storm Harvey, more than 60% of properties could be flooded as the storm dumps more rain on the saturated region.
Houston by the Numbers: The City’s Demographics and Economy
Houston, flooded by Hurricane Harvey, is the fourth largest city in the United States by population, and it also is a huge city, geographically.
5 Tips That Could Help You Stop Living Paycheck to Paycheck
Living paycheck to paycheck is more common than you might think. Here are some tips that could help get you out of that rut.
Yellen Boosts Financial Reforms, Stays Mum on Monetary Policy
Federal Reserve Chair Janet Yellen defended the financial reforms put in place following the financial crisis, but kept quiet on interest rates and reducing the Fed's borrowing. Markets reacted negatively.
What Does the Betting Market Say About US Politics?
How strongly do you believe in your opinions about U.S. politics? Enough to place a small wager on whether your're right? Now you can, and help researchers as well.
Durable Goods Orders Tumbled to 3-Year Low in July
The July report on durable goods orders came in lower than an already weak projection to the biggest month-over-month dip in nearly three years.
Hurricane Harvey Threatens Up to $40 Billion in Damages
As Category 3 Hurricane Harvey moves toward the Texas Coast, estimates of damage have been put as high as $40 billion in the cost of residential reconstruction.
As Arctic Ice Melts, First Tanker Travels Across Top of the World
The Arctic ice has become uneven enough, and thin enough, that a tanker has crossed over the area without the help of an ice cutter or other ships.
Weekly Jobless Claims Tick Higher but Remain Incredibly Low
The U.S. Department of Labor has released its view on weekly jobless claims with another incredibly low number.