All The New Economy
Presidential debates: Five tough questions that should be askedTonight’s Republican and Sunday’s Democratic debates are opportunities to ditch the zingers and have long-overdue conversations on serious economic policy issues, from opportunities for the middle class to tax reform and paying for college.
Finances out of control? Move to Montana.A new study ranking all 50 states on their residents' money management skills finds that Montana comes out on top, thanks largely to the state's low cost of living and unemployment rate. Which states fared the worst?
The December jobs report is even better than it looks. Here's why.The US economy added 292,000 jobs in December, and the unemployment rate went unchanged at 5 percent. That hints at why more people are wading back into the job market.
Chinese stock market volatility leaves regulators searching for answersChinese stocks went into a free fall for the second time in less than a week Thursday, forcing an emergency halt in trading.
Federal Reserve raises key interest rate, but it’s still a great time for borrowersNine years without an interest rate increase from the Federal Reserve ended Wednesday afternoon. Even when rates go up, the gradual nature of the first few hikes means borrowing conditions will remain favorable.
US housing starts surge to five-month high in NovemberHousing starts in the US rose 10.5 percent in November and made up for a disappointing October, according to data released Wednesday by the Commerce Department.
America's fading faith in Christianity and capitalismWithout moral guardrails, capitalism exacerbates the rich-poor divide, says author Gary Moore. The decline in organized religion is fostering faltering trust in capitalism, which will continue until Americans look beyond their financial interests and consider their social responsibilities.
US economy adds 211,000 jobs in November. Interest rate hike loomsThe US economy added 211,000 jobs last month, and the unemployment rate held steady at 5 percent. That strong performance, plus the overarching stability of the economy, all but guarantee the Federal Reserve will raise interest rates at its meeting later this month.
Black Friday sales were weak, but that doesn’t mean the economy isBlack Friday weekend in-store sales fell 10.4 percent from last year, according to Tuesday figures from ShopperTrak. But industry experts aren’t worried, for a variety of reasons.
‘Fight for $15’ protests get political: How might GOP candidates respond?The ‘Fight for $15’ upped its political game with a new round of strikes Tuesday, and Bernie Sanders joined in. But business and political interests on the right are pushing back. Will Republican presidential candidates?
Social Security recipients won't get COLA increase, despite rising costsLow inflation in 2015 brought lower gas prices, more purchasing power, and no cost-of-living adjustment for Social Security recipients. Medicare premiums may also be affected.
It's a great time to be a recent college grad looking for workThe job market for recent college graduates is predicted to be great for the third year in a row, according to a Michigan State University study. But the wages and salaries for all those available jobs still look like they're from harder economic times.
Are you paying too much in ATM, bank fees? Probably, study findsATM fees and overdraft fees are at all time highs, according to a new study, and the trend may just be getting started. How can bank customers reduce their costs?
Rent is less affordable than ever, and it’s not just a Millennial problemThe number of rent-burdened households, or those spending more than half of their income on rent, is expected to swell over the next decade, according to a new study. Elderly renters will be impacted most.
Employers support raising the minimum wage, survey findsA new study released by CareerBuilder shows the majority of employers believe the minimum wage should be increased. This is in line with a growing popular movement calling for minimum pay raises.
Fed holds off on interest rate hike. Why the decision was so tricky.Janet Yellen and the Federal Reserve are going to raise interest rates –not today, but maybe in October or December. But the current economy looks different than any before it, making the timing of a rate hike complicated.
Time to get used to a bumpy stock market. AgainUS stocks have been jittery due to worries over China and anticipation over the Federal Reserve's meeting this week. But the relative calm of recent years has been even more remarkable.
Harvard MBAs say fighting wealth inequality is a top priorityThe US economy is showing signs of strength not seen since since the 2011 recession, even in the face of a shaky global market. However, the increased prosperity is not being distributed equally – a trend some business elites are saying is becoming a problem.
What makes a Kickstarter success story?Entrepreneurs have been raising money using the crowdfunding platform Kickstarter for years, but what separates a million dollar idea like 'The World's Best Travel Jacket' from a failed campaign?
August jobs report raises questions about the Fed's next stepsThe US economy added 173,000 jobs last month, but the unemployment rate fell to 5.1 percent – its lowest level since April 2008. The report is the last before the Federal Reserve's September meeting, and it sheds little light on whether the Fed will finally pull the trigger on interest rates.
