By Laura Doering | June 12, 2019 The rise of online and mobile banking has changed the financial service industry as we know it. Customers have long been able to trade the onetime weekly trip to their local branch for a few easy clicks from the convenience of their home or workplace. Instead of having… Read More »
By Richard Grossman| June 07, 2019 The latest jobs data suggests an interest rate cut may be imminent. The Labor Department reported on June 7 that U.S. nonfarm payroll employment increased by 75,000 in May, while the unemployment rate remained unchanged at 3.6%. This level of job creation was well below economists’ forecasts of about 185,000… Read More »
By Kevin Judge | June 04, 2019 The other day I passed a McDonald’s, where the sign beneath the golden arches usually has the latest meal deal, instead revealed they are offering $11 an hour jobs to start. McDonald’s is generally considered the poster boy for minimum wage jobs. The name comes up almost every… Read More »
By Christina Fattore | June 04. 2019 The Trump administration says it intends to slap a 5% tariff on every medium-sized car, avocado and other Mexican import beginning June 10 – all almost US$1 billion worth that crosses the border into the U.S. each day on average. The president is using the policy as a… Read More »
By Susan R. Crandall | June03, 2019 Forty percent of all working-age Americans sometimes struggle to pay their monthly bills. There is no place in the country where a family supported by one minimum-wage worker with a full-time job can live and afford a 2-bedroom apartment at the average fair-market rent. Given the pressure… Read More »
By Ian Sheldon | May 30, 2019 Soybeans may not seem all that useful in a war. Nonetheless they’ve become China’s most important weapon in its ever-worsening trade conflict with the U.S. China, the world’s biggest buyer of the crop, has reportedly stopped purchasing any American soybeans in retaliation for the Trump administration raising tariffs… Read More »
By Richard Brody | May 30, 2019 If we had workable, crystal balls, wouldn’t it be easier to predict trends, and what, the future, would bring? However, since most have not found, their personal version of a reliable form of these, it might make sense, to better understand, some of the signs, and omens, which… Read More »
By Anne Fleming | May 28, 2019 Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez want to cap consumer interest rates in an effort to curb “sky high” credit card charges and other forms of predatory lending. While that sounds nice in principle, in practice their plan would hurt some of the people it’s intended to help… Read More »
By Tarik Dogru | May 24, 2019 Airbnb has grown exponentially since its founding in 2008 and is expected to soon go public in an initial public offering that would rank it among the world’s most valuable hotel companies. In fact, U.S. consumers spent more money on Airbnb last year than they did on Hilton… Read More »
By David Cortright | May 23, 2019 Many are worried about the risk of war with Iran after the Trump administration leaked discussions of a troop deployment in response to claimed threats to U.S. warships in the region. And in recent days, the rhetoric has only gotten more heated, with President Donald Trump saying a… Read More »