How a Fed Interest Rate Hike Affects Your Savings Account
A positive aspect of interest rate increases is that banks will be paying more to savings account owners. Here are some times on how to get more benefit out of rising interest rates.
Economy
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Business Roundtable CEOs Express Pessimism on GDP
The Business Roundtable CEO Economic Outlook Index included a GDP forecast of 2.2% for this year, on par or below some other major outlooks.
American CEO Confidence Hits Multiyear High
The first-quarter 2017 Economic Outlook Index from the Business Roundtable reached a multiyear high of 93.3. The index reading is also the first time in seven quarters that it has risen above its historical…
Producer Prices Keep Higher Inflation Theme Alive in February
With the Federal Open Market Committee (FOMC) meeting kicking off on Tuesday and with a decision on interest rates due on Wednesday afternoon, investors are scrutinizing every last minute bit of economic data they…
Credit Card Debt Tops $15,000 in More Than Half of US Households
More than half of U.S. households owe more than $15,000 in credit card debt, according to a recent survey by the National Foundation for Credit Counseling. Total credit card debt at the end of…
Will Northeast Blizzard Cost US Economy $3 Billion?
The winter storm brewing up for the East Coast of the US is bringing high winds and up to a foot and a half of new snow. How much will the storm cost the…
Fed Rate Hikes Pose Risks for Parts of the Junk Bond Market
According to Fitch Ratings, rising interest rates in 2017 and 2018 are not expected to present a broad concern for U.S. corporate bond issuers in aggregate. Still, pockets of risk could challenge entities at…
Major League Baseball Faces Class Action Suit From Minor League Players
A class action lawsuit against Major League Baseball has been allowed to move forward by a California federal court. Minor league players are seeking to be paid minimum wage for the hours they spent…
Living Can Be Cheap — and Boring — in Small Towns, but Here Are 10 Worth Considering
If you've ever considered moving to a small town to take advantage of the lower housing prices and slower pace of life, here are 10 U.S. small cities that might have just what you're…
Favorite City of the Super-Rich? London
If you have net investable assets of at least $30 million, and if given a choice of where to live, you are most likely to choose London.
US Workforce Demands Now Being Met by Immigrants
The U.S. workforce is forecast to grow by 10 million over the next 20 years, and that growth will be fueled by immigration.
US Credit Card Debt Nears $1 Trillion at End of 2016
U.S. consumers added $60 billion to their credit card debt in the fourth quarter of 2016, the largest fourth-quarter increase since 2007, just ahead of the Great Recession.
Student Loans Help Pay for the Beer and Bikinis of Spring Break
Have you ever wondered how cash-strapped college students manage to pay for those spring break trips to sunnier climes?
Will Unemployment Press the Fed to Raise Interest Rates in March?
This Friday's unemployment report is also one of the freshest economic views before Federal Reserve decides whether to raise interest rates at the March FOMC meeting.
How Americans Plan to Spend Their Tax Refunds
Most Americans say that they don't plan to splurge when they receive their tax refunds this year. Is that boring or smart?