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Category: News


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The U.S. Economy May Be Booming, But Americans Aren’t Saving

June 20, 2018

Via: Fortune

Despite recent job gains, rising wages and falling unemployment, almost a quarter of Americans said they still have no emergency savings, according to an annual Bankrate.com report released Wednesday. The number of Americans who said they have no money readily […]


News

The economy is humming. So why do experts foresee a recession in 2020?

June 11, 2018

Via: USA TODAY

The skies of the U.S. economy are clear and sunny, but many analysts see storm clouds on the horizon. By many measures, the economy is in its best shape since the Great Recession of 2007 to 2009. Employment hit an […]


News

Unemployment Rate Matches Historic Low After U.S. Adds 223,000 Jobs in May

June 1, 2018

Via: Fortune

U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth. Payrolls increased 223,000 following a revised 159,000 gain, […]


Finance Tech, News, Trading

President Trump Plans to Implement Tariffs on E.U. Steel and Aluminum

May 31, 2018

Via: Time

(WASHINGTON) — President Donald Trump’s administration is planning to impose tariffs on European steel and aluminum imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions. The tariffs […]


News

Cambridge Analytica Has Filed for Bankruptcy in the U.S.

May 18, 2018

Via: Fortune

Cambridge Analytica, overwhelmed by a scandal over how it harvested data from Facebook to influence the last U.S. election, filed for bankruptcy in New York. The U.K.-based political consulting firm had already said it would cease operations and wind down […]


News

U.S. Economy Adds 164,000 Jobs, Missing Estimates for Second Month

May 4, 2018

Via: TheStreet

The U.S. economy added 164,000 jobs in April, missing expectations, though the unemployment rate fell to a lower-than-expected 3.9%, the Labor Department said Friday. The job gains fell short of economists’ estimates of a 192,000 increase in non-farm payrolls, while […]


News

The US economy just hit a milestone

May 1, 2018

Via: CNN

The slow but steady recovery from the Great Recession just hit a milestone: It’s tied for the second-longest economic expansion in American history. The recession ended in June 2009, which means the recovery is 106 months old through April of […]


News

Weak consumer spending is seen restraining US growth in the first quarter

April 27, 2018

Via: CNBC

The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably […]


News

Fed Officials Worry the Economy Is Too Good. Workers Still Feel Left Behind.

April 26, 2018

Via: The New York Times

WASHINGTON — Ann Jacks quit her job as a restaurant chef in North Carolina, started her own business and worked 80 hours a week for two years, before exhausting herself and her patience. She shut down the company and, in […]


News

Despite overall sustained GDP growth in US, some cities still hit hard by extreme poverty

April 23, 2018

Via: USA TODAY

By several measures, the United States is in a period of historic economic growth and prosperity. Major stock market indices have hit record highs, unemployment is at a near two-decade low, and we are in the midst of what may […]