Category: Economy

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...

Weekly Applications for U.S. Jobless Aid Up Slightly to 326K

Weekly Applications for U.S. Jobless Aid Up Slightly to 326K

The number of Americans seeking unemployment benefits ticked up 1,000 last week to a seasonally adjusted 326,000, a level consistent with steady job gains. The Labor Department says the four-week average, a less volatile...

America Drops Out of the Top 10 Economically Freest Countries

America Drops Out of the Top 10 Economically Freest Countries

Are you economically free? If you live in Hong Kong, Singapore, Australia or Switzerland, the answer is yes. If you live in Zimbabwe, Cuba or North Korea, then no. And if you live in the...

Citibank to Replace Debit Cards for Customers Compromised in Target Breach

Citibank to Replace Debit Cards for Customers Compromised in Target Breach

Citibank will issue new debit cards to all of its customers affected by the recent data breach at Target, the New York Times reports. The pre-Christmas breach at the retail giant allowed hackers to...

Here’s Why Tax Rates Should Vary With the Economy

Here’s Why Tax Rates Should Vary With the Economy

They say there are two certainties in life: death and taxes, but what is even more certain is that our current tax code is hated by pretty much everyone. On one side are low...

U.S. Trade Deficit Hits Lowest Level in 4 Years

U.S. Trade Deficit Hits Lowest Level in 4 Years

The United States trade deficit, the dollar-value difference between American imports and exports, fell to $34.3 billion in November, the lowest level in four years, the Commerce Department said Tuesday. The decline in the deficit...

Here’s Why You’re Going to Pay More to Borrow Money

Here’s Why You’re Going to Pay More to Borrow Money

Unless you’re into monetary policy, you could be forgiven for mostly overlooking all the discussion about the Federal Reserve’s “taper,” the term given to what will inevitably be a drawn-out process of scaling back...