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Global & U.S. Financial Market

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The secret of our economic growth

Americans are making more big ticket purchases and driving the economy at a time when predictions suggested we should be seeing otherwise. Earlier this year, we took a real one-two punch between higher payroll taxes and then the sequestration. The assumption was the combo would take the economy down. Instead, ...

Harvey Shiner, of Boynton Beach, a member of the Valencia Pointe Men's Club and Veterans Support Committee, donates the American flag that was used at World War Two veteran Hy Shiner's, Harvey's father, burial to the Avenue of Flags at the South Florida National Cemetery in Lake Worth, Fla., Thursday, April 25, 2013. The Men's Club is involved with donating American flags and poles to the cemetery. (Gary Coronado/The Palm Beach Post)

How important is "Made in the USA" to you?

Look at the label on your shirt collar. Mine says "Made in China," as so much clothing does these days. As Americans, we're used to our clothing coming from all over the world. But Bloomberg reports that is changing. More and more Americans want to buy American. In fact, the ...

03.09.13  Laura Skelding/AMERICAN-STATESMAN
Traffic on I-35 heading into downtown Austin (RIGHT) on Saturday, March 9th, 2013. The Austin-Round Rock-San Marcos region ranked as the nation's second-fastest-growing metro area between 2010 and 2011, the last times these figures were available.  
031413 census

Ten worst cities for traffic

Traffic is getting worse, but does your city rank in the Top 10? There are new stats from 24/7 Wall St./Inrix, the latter a leading-provider of traffic information, that lists the worst cities for traffic. The list is tallied based on morning and evening rush hour numbers: 10. Boston 9. ...

A wrap-up of the day's economic news

There's a slew of economic news today that bodes well, though some question marks still remain on the horizon. Job growth in April was much higher than economists expected. We added 165,000 jobs. Unemployment is at 7.5% and has been on a pretty steady downward trend. Meanwhile, the oil industry ...

Keith Stewart (left) of North Palm Beach stands with his real estate agent Bob Graeve in front of a home on Elpine Way in Palm Beach Gardens. Stewart has been searching for a new home since December. (Thomas Cordy/The Palm Beach Post)

What's going on with the economy?

The economy is growing overall, at a very slow and steady pace, yet at the same time a lot of people in their own lives are in worse shape than they were 4 years ago.  What’s going on? The short answer is that the recovery is completely unbalanced this time. ...

Barista Rudi Miller at Houndstooth Coffee, which is one of several area retailers using the Square mobile payments technology. The shop uses a swivel mounted iPad for its point-of-sale device and swivels it over to customers so they can sign for credit card purchases.

Bitcoin's surge in value could be sign of speculative bubble

Have you heard about Bitcoin? It's an alternative digital currency that represents a reaction to loss of faith in government and paper currency. Two years ago, a Bitcoin was worth less than $1. Today it's worth close to $150 per Bitcoin. Think about that! But the danger here is that ...

Stacey Dempsey, a Blue Ribbon Service Executive Case Manager at Sears Holdings Corporation, earned a promotion after six months.

Future spending by corporate America will drive economic growth

Corporate America is sitting on nearly $1.5 trillion in cash that's on the sidelines and waiting to be deployed. Back in 2011, I first brought up this stat and at that time the cash on reserve was $1 trillion. Now just about two years later, that figure has risen by ...

BitCoin: Alternative world currency becoming popular

The buzz on the street about an alternative money called BitCoin. It's an alternative currency that flies under no single government flag. It is a new system of alternative money generated and used by the private sector. This idea is not completely "out there."  Crazy as it sounds, in Africa ...

Will the bailout in Cyprus impact U.S. and European economies?

With Cypriot bank customers facing a loss of 10% of their deposit holdings, could the fiscally unsound contagion that’s plaguing the small Mediterranean island spread to larger European economies? Or even to the United States? Cyprus is in a terrible financial bind. They’re upside down by about $25 billion, which ...

A look at your net worth, the stock market, and unemployment numbers

Stocks are back at all-time record highs, average household wealth is back to its pre-recession peak, and hiring is better than expected. So is everything hunky dory again? Well, not exactly. When I talk to people, I sense what I like to call "insecure optimism." Sure, people have a little ...

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