Inflation and Retail Sales Continue to Disappoint
Some fresh economic readings show why the Federal Reserve may be less robust in its tightening efforts. The consumer price index and retail sales in June were both weak.
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170 US Coastal Communities Face Chronic Flooding by 2035, Say Scientists
By 2035, about U.S. 170 communities, or twice as many as today, will face chronic flooding, with more than 100 seeing at least a quarter of their land chronically flooded, if preventative measures are…
Did Janet Yellen Just Signal That Rates Will Remain Lower for Much Longer?
While many investors look over each and every word for clues about monetary policy ahead, Fed Chair Yellen's prepared remarks for the testimony contained no major surprises.
44 Million People — Not Just Millennials — Have a Side Job
The economy has created the side hustle — earning extra money apart from main source of income — and apparently more than 44 million American adults have one.
June Small Business Optimism Slips, Pay Dips 4%
U.S. small business optimism declined slightly month over month in June and is down more than two points since a recent peak in January.
Small Business Hiring Might Dampen BLS Payrolls Report Expectations
The markets brace for payrolls and unemployment data at the start of each month. Several private releases have been used a historical barometer by economists and traders alike to predict how the Labor Department's…
North Korea: Country and Military by the Numbers
North Korea claims to have launched an ICBM Tuesday, once again challenging the US, China, Japan, and South Korea. Despite its very modest size geographically and economically, North Korea has become a major threat…
More Children Can Play Computer Games Than Can Ride Bikes
The use of smartphones and computers has become so ubiquitous among young children, it eclipses their ability to do other daily tasks, including ride a bike or tie a pair of shoes.
Canada Tops Country Reputation Rankings; US Finishes 38th
Among 55 nations included in a ranking to find the world's most reputable countries, Canada finished at the top spot for the fourth time in the last six years.
Why Are Credit Scores About to Rise?
Beginning this weekend, the three major credit bureaus will implement policy changes that in many cases will result in an increase in consumers’ credit scores.
Americans Will Spend $7.1 Billion on July 4th Celebrations
The National Retail Federation expects the 219 million Americans who will celebrate the 4th of July holiday weekend to spend a total of about $7 billion.
IMF Pulls Back Expectations of US Economic Growth
The IMF has lowered its forecast for U.S. economic growth for this year to 2.1%, in part because the president's tax reform agenda is up the in the air.
Consumer Confidence Makes Unexpected Gain in June
Consumer confidence held stronger in June than expected, according to The Conference Board's Consumer Confidence Index.
Number of World’s ‘Super Wealthy’ Hits 226,000
The number of people with over $30 million or more in net worth reached more than 226,000 in 2016, according to WealthX.
Two-Thirds of Americans Could Be Ruined by Another Recession
Most Americans are not prepared for another recession, even one less damaging as the Great Recession of 2008 and 2009. Younger people are particularly at risk because they haven't yet accumulated a financial cushion.