Category: Economy

These Credit Cards Are Desperate to Give You $400

These Credit Cards Are Desperate to Give You $400

Thanks healthier economy If you’re good with your finances, credit card companies are literally throwing money at you to get you to become a customer. Issuers are laying their cards on the table with...

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The Emerging World Is Starting to Get Annoyed With the U.S. Dollar

The U.S. Federal Reserve is taking heat these days from policymakers in the developing world. They have good reason to be disgruntled. Ever since the Fed signaled last year that it would begin scaling...

What To Like (and Dislike) in the Camp Tax Proposal

What To Like (and Dislike) in the Camp Tax Proposal

There are things to like and things not to like about Republican congressman Dave Camp’s new 979-page tax plan. But here’s what I like most about it – it starts a serious conversation about...

Yellen Says Fed Can’t Regulate Bitcoin

Yellen Says Fed Can’t Regulate Bitcoin

The Federal Reserve does not have the authority to regulate the digital currency Bitcoin, Fed chief Janet Yellen said Thursday. During her semi-annual testimony before the Senate Banking Committee, Yellen took on questions from Virginia Democratic...

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....