A growing minority of Americans say economic conditions today are good, but nearly half say they are still personally worse off than they were a year ago, according to a CNN/ORC International poll. Thirty-five percent of those questioned in the poll say that economic conditions in the country are “very” or “somewhat” good, but nearly [...]
The FBI and local cops are digging 45 miles north of Detroit for the body of the long-missing former Teamster’s Union boss Jimmy Hoffa. Read more here.
Even when it comes to this, Congress can’t find consensus. A bill, set to expire July 1, allows students to get loans for education at about half the going rate. But partisan bickering got in the way of passing an extension Thursday. Meaning that, unless there’s an 11th hour agreement, come the end of this [...]
U.S. manufacturing activity contracted for the first time since November, according to a report released Monday. The Institute of Supply Management’s monthly reading on the U.S. manufacturing sector came in at 49 in May, down from 50.7 in April, and well below the 50.9 that was expected by economists surveyed by Briefing.com. Any number below [...]
With student loan rates set to double in a month, President Obama on Friday urged Congress to extend the current rates, a demand which Republicans rejected as needlessly partisan. At a White house event, President Obama urged Congress to pass an extension of a program to keep student loan interest rates lower, saying, “Higher education [...]
Stocks opened lower Friday, as a report showed consumer spending slipped and investors continued to question when the Federal Reserve might begin to taper its asset-purchase program. Despite the weak opening on the last day of the month, the Dow is on track for its sixth-consecutive month of gains, while the S&P 500 and Nasdaq [...]
The economic crisis may be behind us. Hope that this is true is caused stocks to surge in early Tuesday trading. The hope spurred by uplifting economic news. Home prices in the U.S. have risen to their highest level in seven years. And consumer confidence is at a five-year high. Read more here.
A perfect storm of yen strength, a spike in Japanese government bond yields and new evidence of weakness in China’s economy were behind a major sell-off Thursday in Japan’s equity markets, said experts. Read more here.
Three-quarters of U.S. adult workers believe they will continue working past retirement age, with 40% saying they will do so because they want to, and 35% because they will have to, new Gallup poll finds. The poll concludes that most intend to work part time. Read more here.
The number of new unemployment claims nationally declined last week, by 23,000, the Labor Department says. This is an indication that the economy is, slowly, continuing to improve.