Category: Economy

Oil Prices Hit New High For This Year

U.S. crude oil prices jumped 4.5% to $42.17 a barrel, after Russian news agency Interfax reported the deal. However Russian agencies declined to comment on the news as did Qatar, which holds the rotating presidency of OPEC, the oil cartel.…
Why Poor Families Pay More For Everyday Items

In a recent study from the University of Michigan’s Ross School of Business it seems that those that are at the poverty level are paying more for everyday items we all need. The study, which analyzed toilet paper purchases among…
Why aren’t more homes for sale?

Home values are increasing and most of the time that should be a huge incentive for people (including homebuilders) to put houses on the market and either upgrade or downgrade and save money. But that’s not happening. Instead, homebuyers are…
Signs a recession could be coming

Stocks have gotten a slight lift lately in part from the many hopes that fears over a recession are overdone. That optimism could be a little premature. However, two key indicators are flashing warning signs: income tax withholdings and corporate profits.…
Investors are freaking out over European banks

The world once again is getting a bit nervous about the health of big banks based in Europe. Not only are bank stocks currently plummeting at what many feel is an alarming pace, investors are now making bets that some banks might even…
All Markets are Down, Where’s the Bottom?

Retail players are running for the exits, markets around the world are showing the strain and everyone is asking “where’s the bottom?” A lot of focus is on this weeks Federal Reserve meeting, but Janet Yellen is clearly in a…
U.S. jobs: shows signals loss of momentum

The number of Americans filing for unemployment benefits rose more than expected last week. This is suggesting some loss of momentum in the labor market that we saw in late 2015. The decline is amid a sharp economic slowdown and…