More Than Half of Americans Got No Pay Raise in the Past Year
The U.S. economy has been growing, but the pace of growth has slowed in the past year, and while many Americans are seeing the benefits of a rising economy, many more are not.
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Retail Sales Off to Strong Start in Q4, a Good Sign for GDP
It appears that consumer spending already was strengthening ahead of the election and at the start of the fourth quarter. And consumer spending accounts for about two-thirds of GDP.
Consumers Look to Rack Up Credit Card Rewards This Holiday Season
A large number of consumers are spending this season with the intent of earnings credit card rewards, according to a recent survey from Discover Financial Services.
Are 20 Fed Speeches This Week, Even With Janet Yellen, Too Much?
This week is chock full of members of the Federal Reserve system speaking. Unfortunately, that means a whole host of dovish versus hawkish comments about interest rates.
Empire Manufacturing Posts Recovery in November
The Federal Reserve Bank of New York has released its Empire State Manufacturing Survey for the month of November. It managed to show a small gain, as opposed to a prior loss and expectations…
48 Million Americans Will Travel This Thanksgiving, Las Vegas Is Top Destination
While most Americans who travel more than 50 miles from home to celebrate the Thanksgiving holiday this year will drive, more than 3 million will fly to their destinations.
October Retail Sales Strengthen for Nearly All Businesses
U.S. consumer spending continued its September rebound in October, recovering further from a dip posted in August. Overall sales growth was stronger than economists had forecast.
49 Million Americans Traveling This Thanksgiving
More Americans are expected to travel more than 50 miles from home to celebrate Thanksgiving this year than at any time since 2007.
How to Avoid 7 Common Black Friday Shopping Pitfalls
Even though a large portion of the U.S. population hate the idea of shopping on Thanksgiving Day — or even Black Friday — millions of Americans will hit the shops, both in the real…
Why Reince Priebus Was Selected as Donald Trump’s Chief of Staff
Now that Reince Priebus has been named as Donald Trump's chief of staff, 24/7 Wall St. wanted to see why Priebus was selected and what are perhaps some of the defining parts of his…
US Cities Spending the Most (and Least) for 2016 Holiday Season
As much as the annual holiday season lifts spirits for most Americans, the holidays also tend to ratchet up spending and borrowing.
What Trump May Mean for Your Retirement
If Donald Trump’s election signals anything, it is that things are about to be shaken up in a big way. It is always dangerous, perhaps even foolish, to try to guess what Trump will…
Strong Recovery Seen in Consumer Sentiment for November
The University of Michigan has released its preliminary view of consumer sentiment for the month of November.
Ratings Agencies and Economists Opine on Rising Interest Rates After the Election
This might not be a high over the past year, but the post-election moves just made a 10-year Treasury yield hit a high not seen since January.
Welcome to the Trump Recession
If consumer spending is two-thirds of gross domestic product, then Americans may recoil from the shock of a Trump victory by sitting on the sidelines as consumers during the heart of the holiday season.