36% of Workers Have Less Than $1,000 in Savings
ThinkstockAmerica may have recovered handily from the Great Recession, and the bull market may now be five years old, but in no way should America think that it is remotely immune or even insulated…
Economy
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Newest first · Page 305FOMC Outlook Watch: More Tapering AND Slower Growth in 2014
ThinkstockThe Federal Reserve’s Federal Open Market Committee has another meeting this week regarding U.S. interest rate policy. While no new rate announcement is expected to come, what is expected is the announcement of more…
Ten States With the Lowest Unemployment
ThinkstockThe U.S. Bureau of Labor Statistics (BLS) released data Monday on the unemployment rates in the 50 states and District of Columbia. The numbers changed very little in January, the period for the current…
NY Fed Manufacturing Maintains Growth in March
squirrel83, via Wikimedia CommonsThe Federal Reserve Bank of New York is out with its March 2014 Empire State Manufacturing Survey. Monday’s report signaled that business conditions continued to improve for New York manufacturers, but…
China Loosens Currency Controls
ThinkstockThe People’s Bank of China on Saturday expanded the trading band on the price it fixes for renminbi. Beginning Monday, the currency trading band is being doubled, from 1% to 2% on either side…
What to Do (and Not Do) If You Win the $400 Million Lottery
ThinkstockThe Mega Millions jackpot is now up to $400 million as an estimated annuity value. And if you just want the cash, that estimated cash value is projected to be over $200 million. No…
NCAA $1 Billion Bracket: What to Do (and Not Do) If You Win
It seems nearly unimaginable to actually win the lottery. Now there is something even larger than Friday night's $353 million Power Ball lottery. There is an NCAA $1 billion prize for whoever can pick…
Number of U.S. Millionaires Reaches 9.6 Million
ThinkstockWhile lots of polls show that many middle-class and lower-class Americans believe the recession has not ended financially, the number of millionaires in the U.S. climbed close to record levels in 2013, reaching a…
Detroit Could Lose Another 100,000 People
ThinkstockThe population drain in Detroit likely has not reached a bottom. The Census put the figure at just above 701,000 in 2012 (USA Today put the number lower at 684,799). That is down from…
Small Business Optimism Sinks on Uncertainty
ThinkstockThe National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for February dropped a substantial 2.7 points from 94.3 in January to come in at 91.4. February’s figure…
Global Debt Swells to Over $100 Trillion
ThinkstockThe amount of global debt swelled to more than $100 trillion last year, according to the Swiss-based Bank for International Settlements (BIS), as governments borrowed to lift their economies out of recession and corporations…
China Stocks Sharply Underperform U.S. Markets
ThinkstockChina remains the world’s fastest growing large economy. Even if its GDP improvement has slowed, the leadership of the People’s Republic still expects gross domestic product to rise 7.5% this year. With that improvement…
Has China Stopped Rescuing the Global Economy?
ThinkstockWhen Chinese officials reported late Friday that the country’s exports had fallen 18.1% in February, the news came on top of another event that was perhaps even more nerve-rattling. The country had experienced its…
Unemployment Remains Well Above Normal 5%
ThinkstockMany experts have pressed the theory that “normal” unemployment rates in a healthy economy should sit around 5%. As the jobs reports for the first part of this year are issued by the federal…
Household Net Worth Hits All-Time High — Over $80 Trillion!
ThinkstockThe Federal Reserve has released its year-end reading of household net worth, as well as domestic nonfinancial debt, for 2013. The good news is that this is a record high. The bad news is…