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Economy

“Nearly 25% of Americans are going into debt trying to pay for necessities like food”

May 24, 2019

“American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most? A full 23% of Americans say that paying for basic necessities such as… Continue Reading…

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Economy

“America’s largest cities drowning in debt, with Chicago leading the way, study finds”

May 15, 2019

“The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600… Chicago’s combined Taxpayer Burden: $119,110 New York City’s combined Taxpayer Burden: $85,600 Los Angeles’ combined Taxpayer… Continue Reading…

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Economy

“Federal Spending Sets Record Through April”

May 14, 2019

“The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury… Continue Reading…

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Economy, Stocks

“China retaliates on tariffs, stock markets go into a slide”

May 14, 2019

“Sending Wall Street into a slide, China announced higher tariffs Monday on $60 billion worth of American goods in retaliation for President Donald Trump’s latest penalties on Chinese products. Duties of 5% to 25% will take effect on June 1… Continue Reading…

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Business, Economy

“Cash is still king: San Francisco bans credit-only stores”

May 9, 2019

“San Francisco officials voted Tuesday to require brick-and-mortar retailers to take cash as payment, joining Philadelphia and New Jersey in banning a growing paperless practice that critics say discriminates against low-income people who may not have access to credit cards… Brown said… Continue Reading…

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Economy, Real Estate

Real Estate Is Evolving: “Silicon Valley Is Coming for Your House”

May 9, 2019

“In today’s on-demand digital world, buying and selling a home remains stubbornly, painfully analog. Most sales still begin with a real estate agent (and a 6% commission). Most still end in an office, with the two sides signing page after… Continue Reading…

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Business, Economy

“Private payrolls surge by 275,000 in April, blowing past estimates in biggest gain since July”

May 7, 2019

…Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 positions in professional and business services. Education and health services companies added 54,000 jobs while employment within the leisure and hospitality industry expanded by 53,000. Goods-producing jobs… Continue Reading…

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Economy, Real Estate

“Democrats, Trump Agree to Aim for $2 Trillion Infrastructure Package”

May 3, 2019

“Democratic congressional leaders said President Trump agreed to aim for a $2 trillion infrastructure package in a White House meeting on Tuesday, though the two sides didn’t discuss how it would be paid for, and Capitol Hill Republicans are unlikely… Continue Reading…

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Economy

“Economy added 263,000 jobs in April, unemployment falls to lowest level since 1969”

May 3, 2019

The economy added a healthy 263,000 jobs in April, firmly beating analyst expectations of 190,000, according to Friday’s monthly snapshot from the Department of Labor… The nation’s unemployment level fell to 3.6 percent, the lowest since December 1969, and average… Continue Reading…

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Business, Economy

“312,000 Jobs Added In December, Manufacturing Growing 714% Faster [Than Previous Administration]”

May 1, 2019

“The U.S. Bureau of Labor Statistics released its December jobs report Friday morning, showing nonfarm employment was up by 312,000, stronger than analysts expected. The impressive jobs number, along with the Fed signaling patience on rate hikes, shook the stock… Continue Reading…

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