Category: Economy

Here’s Why Gas Prices Are Surging

Here’s Why Gas Prices Are Surging

The average cost of gasoline nationwide rose 12 cents to $3.41 during the past two weeks, according to a survey released Sunday. The increase was partially due to changes in crude oil dude to...

Americans Are Taking on Debt at Scary High Rates

Americans Are Taking on Debt at Scary High Rates

Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of the U.S. economy, it also helped get the country into the...

Even If Janet Yellen Is Wrong About the Economy, She Is Right About Fed Policy

Even If Janet Yellen Is Wrong About the Economy, She Is Right About Fed Policy

Janet Yellen’s first testimony on Capitol Hill was a resounding success.  She was poised, confident in her decisions, and clear about her intentions at the Federal Reserve.  But it was not so much what...

Yellen Says Fed Will Keep Pulling Back on Stimulus

Yellen Says Fed Will Keep Pulling Back on Stimulus

Federal Reserve Chair Janet Yellen said Tuesday that the central bank will continue to scale back its stimulus bond-buying program amid the brightening economic recovery. In her first public testimony as Fed chair, eight...

Early Unemployment Data Lifts Hope for Job Growth

Early Unemployment Data Lifts Hope for Job Growth

The number of newly-unemployed workers seeking unemployment benefits fell last week by 20,000 to a seasonally-adjusted 331,000, the Labor Department said Thursday. That was below economists’ expectations of 335,000 and lifted hopes that Friday’s jobs...

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Pay No Attention to Money-Losing Casinos. Let’s Build More Casinos

Increased competition is making it more difficult for casinos to keep locals employed and pass along hefty payments to host states—which are the two biggest selling points for allowing gambling in the first place....

Nearly Half of America Lives Paycheck-to-Paycheck

Nearly Half of America Lives Paycheck-to-Paycheck

The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months...

Economy Growing at Fastest Pace in 2 Years

Economy Growing at Fastest Pace in 2 Years

The U.S. economy grew at an annualized rate of 3.2 percent in the fourth quarter of last year, the government estimated Thursday. The  Department of Commerce estimate was in line with economists’ expectations, and...

Currency Crises Abroad Are Benefiting the U.S.

Currency Crises Abroad Are Benefiting the U.S.

Analysts are calling them “The Fragile Five,” a catchy sobriquet for five countries–Turkey, Brazil, India, South Africa and Indonesia–that have been experiencing serious turmoil in their economies and currencies in recent weeks. To one...

Americans Are Painfully Aware of How Broke They Are

Americans Are Painfully Aware of How Broke They Are

The economic recovery is nearly five years old, but many Americans are feeling financially worse off than they were in 2008 according to study released Monday by the PEW Research Center in partnership with...