New single-family home sales in the U.S. fell to near a one-year low this past September after two straight months of gains. This suggests a temporary cooling in the market for new houses as the country heads into fall. The Commerce Department said on Monday that sales have dropped to…
If economists are right, it’s going to take a lot less progress in the job market to get the unemployment rate to keep falling. Many are saying we’ve hit a leveling out point and might not see much for change for a while. If you’ve been following the steady decline in…
U.S. consumer sentiment came in at higher than expected for October, according to a report released on Friday. The Thomson Reuters/University of Michigan’s preliminary October reading on the index was at 92.1. That was much higher than the previous month’s reading which was 87.2 and Reuters’ estimates which were 89….
For almost two months now, a slew of big American as well as foreign companies have been announcing major layoffs, which has been clouding the outlook for the employment in the United States. If you remember, it began in early September when Hewlett-Packard announced that its spinoff could mean up to 30,000 job…
It might now feel like it but Americans’ wallets got fatter in 2014 than the year before, though the biggest gains are filtering to the top. In a recent report, it was found that the average American took in $44,569.20 last year. This is according to data released Tuesday by the Social…
Buying a home should be getting easier for millennials but it’s not. Even with sustained gains in U.S. hiring in the last few months they are still not able to gather the funds. This is due to increased demand for a scarce supply of starter homes is pushing prices beyond…
The Pentagon is not really broke. The amount of money available just isn’t what it was before. Worst-case scenario, it will only have about $496 billion to spend this year. That is a huge amount of money, don’t get us wrong but that’s also less money than it used to have,…
It seems the rather painful sell-off in some commodities may be over for now, but a blast of major Chinese economic reports that are coming early next week could put any recent rallies to the test come next week. Many Wall Street strategists have said they see signs of a broader…
It appears that Americans are sending record amounts of cash to Uncle Sam in the form of taxes. The scary thing is Uncle Sam apparently still needs more money. It has been reported that taxpayers have paid a grand total of $3.25 trillion (that’s right) in taxes for the fiscal…
Inflation that is rampant is nothing new to the Venezuelan economy. However in a sign of just how severe the situation has grown for some people there, food prices spiked by 22.2% in August from the previous month, according to new research on the country. The inflation figure we see…