#Economy

  • Tax Cuts Seen Halting Retreat in U.S. Retail Sales

    Tax cuts have given a boost to Americans’ take-home pay this year. The question hanging over the U.S. economy is whether they are putting the extra cash toward savings and debt, or using it to go shopping. Retail-sales data due Monday from the Commerce Department will help provide an...
  • Nashville, Tennessee has the lowest unemployment rate in the US

    Nashville, Tennessee, is known as “Music City.” Now it can be known as “Job City” too. According to the the Bureau of Labor Statistics, Nashville, Tennessee, had the lowest unemployment rate—2.7%—of any metropolitan area in the US with over one million people as of February 2018. Nashville even beats...
  • Federal Reserve policymakers all saw strengthening economy, inflation: minutes

    WASHINGTON (Reuters) – All of the Federal Reserve’s policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months, minutes of the central bank’s last policy meeting on March 20-21 released on Wednesday showed.     Source: Reuters   Featured Image: Getty Images ...
  • US consumer spending up modestly in February as incomes rose

    WASHINGTON (AP) — Americans increased their spending just 0.2 percent in February, while their incomes were boosted by increased wages and business owners’ income. The Commerce Department says the modest spending increase followed an equal gain in January and a rise of 0.4 percent in December. Incomes increased a...
  • Turkey’s Erdogan seeks more influence in Africa

    Africa can be said to be a favorite destination for Recep Tayyip Erdogan. At least from the look of the foreign trips the Turkish President has made in the last years. In 2015 he visited Somalia, Ethiopia and Djibouti, in 2016 it was Uganda and Kenya on the line....
  • Plane tickets are about to get cheaper, but beware of ‘basic economy’

    In an earnings call last night, United Airlines said it would add more “basic economy” fares in its bid to better compete with the new crop of low-cost carriers. The announcement sent the company’s stocks tumbling, but more distressingly, it will increase the likelihood that consumers will get lured...
  • Vast majority of new wealth last year went to top 1%

    A new billionaire is created every other day. The three richest Americans have the same amount of wealth as the poorest half of the U.S. population. And 82% of the global wealth generated last year went to just 1% of the world’s population. These are among the findings of...
  • U.S employers add 228,000 jobs, unemployment rate stays 4.1%

    In the latest indication that the U.S. economy remains on solid footing, employers in the U.S. added a robust 228,000 new jobs last month and the nation’s unemployment rate held steady at a 17-year low of 4.1%. The Labor Department’s report Friday cements expectations that the Federal Reserve will...
  • Logo Changes To Help The Economy

    Million dollar brands are changing their logos in order to help the economy. They are using less ink on logos. The use of less in is supposedly better for the earth. This campaign was started by a French graphic designer named, Sylvain Boyer. He came up with the theory...