The huge growth in online shopping is not only keeping inflation at bay, but it is throwing off how inflation is measured. The New York Times, citing research studies, reported that research backs the Federal Reserve’s stance that eCommerce is the reason inflation never hits...
Equities were up. Bonds were down. Investors, by and large, acted the way one might expect amid a jobs report that came in above expectations. The global geopolitical climate remained mixed. Reuters noted Friday (June 1) that the jobs report helped cement expectations of another...
A new survey shows that finance executives are optimistic about the economy, and as a result expect to spend more on travel & entertainment (T&E). “Countries and businesses globally expect continued growth through 2018, with newfound confidence in Europe adding to carryover optimism from 2017...
When it comes to the U.S. economy, households are feeling a little less confident than has been seen previously. The University of Michigan’s readings posted on Friday (May 25) showed a dip from a 14-year peak touched this year. The Wall Street Journal noted that...
Memorial Day weekend is almost upon us, and with it comes the unofficial start of summer. Sure, the solstice isn’t technically for another month or so, some primary school students are still staring down the clock for another few weeks and there are still many, many graduation...
California has hit a new milestone. It is now the fifth largest economy in the world, surpassing the U.K., according to Fortune. Citing new federal figures that were released late last week, the publication reported that while California has 39.5 million residents and the U.K....
Two new reports point to underlying strength in the U.S. economy, despite signs that growth slowed in the first quarter, Reuters reported on Tuesday (April 24). The Conference Board said consumer confidence rose 1.7 points in April to 128.7 for the month. Short-term expectations also...
Investors cheered the jobs report Friday, sending the Dow Jones Industrial Average up more than 250 points intraday and the tech-heavy NASDAQ to a new high. As reported by CNBC.com, the NASDAQ gained more than 1 percent on the day to ease losses seen over the...
Thanks in part to surging stocks and increasing property values, the wealth of people living in the U.S. increased in the fourth quarter of 2017. According to a report in The Wall Street Journal citing Federal Reserve data, household net worth rose more than $2 trillion in...
