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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, ...
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 ...
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. ...
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 ...
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. ...
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 ...
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 ...
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 ...
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 ...
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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