Race and Gender Effects of Student Loan Debt
U.S. student loan debt topped $1.4 trillion at the end of the first quarter. A recent survey by LendEDU looks at the effects of that debt on students after they graduate.
Economy
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JPMorgan Boosts Investment in Detroit to $150 Million
JPMorgan says it will increase its investment meant to aid a turnaround of the troubled city of Detroit to $150 million. But is it enough?
US Incomes, Wealth Increased Most Among the Wealthy
The latest wave of the University of Michigan's Panel Study of Income Dynamics shows that both household income and wealth improved between 2012 and 2015. The improvement was greatest among the already wealthy.
What Moms Want for Mother’s Day and What Amazon Is Selling
Mother's Day is right around the corner and Americans plan to spend more this year than last on gifts for moms and wives. But the gifts moms want most may not be all that…
Why the Summer Looks Safe for Stocks This Year
“Sell in May and go away” echoes are bouncing off the walls this time of year, and it is worth a look where this trend comes from in order to determine where it may…
Tax Reform Delay Will Harm US Economy: CEOs
A recent survey of U,S, CEOs by Business Roundtable found 90% believe that delaying tax reform will harm the U.S. economy.
As FOMC Holds Rates Steady, Views Remain Strong on Jobs Ahead of Friday’s Labor Report
Despite the Federal Reserve keeping its target fed funds rate on hold at a target range of 0.75% to 1.00%, all eyes are waiting for Friday’s key employment report from the Labor Department. Janet…
State Department Warns on European Travel, Threatening Summer Tourism
This year, summer vacation travel from the United States to Europe could be undermined by alerts from the U.S. State Department.
Why a Weak GDP Report Matters to Bulls & Bears Alike
Investors should keep in mind that first-quarter GDP reports have had problems for years, regarding how the numbers are actually calculated and with some seasonal factors.
Over Half of US Counties Had No Murders
More than half of the counties in the United States had no murders committed in the most recent year for which the data are available. Just 2% of counties had about half of all…
Why a Weak Durable Goods Report May Be Ignored
The first quarter of 2017 was marked with strong consumer confidence, solid spending and even better than expected corporate earnings. That did not translate into a very strong durable goods report for the month…
US Finally Free of Major Drought
After years in which California appeared to be a candidate for a century or more of drought, America is finally free of the worst measure of drought.
US Tornadoes Surge Toward Record
There have been 570 tornadoes so far this year, a spike that takes the number well above average. With an increase in unsettled weather, the figure could break the record for tornadoes in a…
10 Points to Consider About the Proposed Trump Tax Plan
The two unavoidable things in life are death and taxes. Depending upon how you view things, there might at least be less of a tax burden under President Donald Trump’s newly proposed tax plan.…
Should Lower Consumer Confidence Act be a Red Flag for Stock Market Bulls?
The past few months have been quite positive for the equity markets. The driving forces include promises of a more pro-business and tax-friendly regime, but one issue that had been acting as a key…