April 18, 2019
“This year, US retailers have announced that 5,994 stores will close. That number already exceeds last year’s total of 5,864 closure announcements, according to a recent report from Coresight Research. Bankruptcies in the retail sector are piling up and chains… Continue Reading…
April 17, 2019
“American manufacturing was flat in March, which was good news after sharp declines in the prior two months that combined for a dismal first quarter, the Federal Reserve reported Tuesday. That weak performance has contributed to fears about a slowing… Continue Reading…
April 17, 2019
“The federal government spent $2,198,468,000,000 in the first six months of fiscal 2019 (October through March), which is the most it has spent in the first six months of any fiscal year in the last decade, according to the Monthly… Continue Reading…
April 16, 2019
“The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt… Credit card interest rates… Continue Reading…
April 13, 2019
“The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth. Initial claims for state unemployment benefits fell… Continue Reading…
April 10, 2019
“Individual tax refunds this year have been only slightly smaller than last year, but those shortfalls are adding up. At the end of last month, the amount of money the government refunded was $6 billion below this time last year,… Continue Reading…
April 10, 2019
“The approval percentage for small business loan applicants hit a record high of 27.3% at big banks ($10 billion+ in assets) in March, up one-tenth of a percent from February, according to the latest Biz2Credit Small Business Lending Index™. Approvals… Continue Reading…
April 9, 2019
“L.A.’s gross domestic product per capita surged 11.8 percent the past five years, dwarfing Chicago’s 7.4 percent, almost three times New York’s 4.1 percent and twice the average for 383 U.S. metropolitan areas, Bloomberg data show. Some of the gain… Continue Reading…
April 6, 2019
“As pricey homes hit market, median list price for a house reaches record $300,000“ “If you’re selling a high-end home, you’ve got company. More pricey houses are up for sale this year, pushing listing prices to record highs. The median… Continue Reading…
April 2, 2019
“U.S. retail sales unexpectedly fell in February, the latest sign economic growth has shifted into low gear as stimulus from $1.5 trillion in tax cuts and increased government spending fades. The weak report from the Commerce Department on Monday joined… Continue Reading…
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