Money & The Economy

Thirty miles west of Cleveland along the Lake Erie shoreline sits a town named Lorain, Ohio. Famous for being the birthplace of Toni Morrison, Lorain was once a bustling steel town that drew people from all over the country for manufacturing work. Even the high school football team was named “The Steelmen.” But today, like many Rust Belt towns, Lorain ...

Here, we revisit three frequently-asked questions about debt relief to dispel confusion, sharpen your understanding, and provide some guidance to those who are considering embarking on a debt relief plan. 

Oil prices are staying low after Iran fired several missiles at multiple air bases in Iraq that housed U.S. troops. Analysts say a massive uptick in oil production in recent years is to thank for the low prices. The average price of a gallon of gas is staying steady at $2.60, while global oil prices are hovering around $70 a ...

Running a business in the digital era means one thing only – you must be online. Your business must be online so people can see it and buy whatever you are offering. Your product or service can be the best one in the world, but if you don’t build proper infrastructure and online presence, no one will be able to ...

In view of the fact that global wealth is growing and that more people besides just high net worth individuals are looking offshore for their banking needs, we managed to have an interview with Luigi Wewege. He is the SVP and Head of Private Banking at Caye International Bank in Belize. Offshore accounts are on the rise, as is the ...

The gig economy has come under increasing scrutiny by both liberals and conservatives, and rideshare apps like Uber and Lyft are no exception. The policy patterns and battles over ridesharing will inevitably be felt in other sectors of the economy. As the gig economy becomes more widespread, conservatives will have to be ready to adapt to  the trends of 21st ...

President Donald Trump announced Tuesday that he’ll sign the first phase of a long-awaited trade deal with China in January at the White House. “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15,” Trump told his Twitter followers. Phase one of the deal will put a temporary end to a yearlong ...

Wages for working class Americans are increasing faster than their bosses as the U.S. economy keeps humming and unemployment rates stay low, The Wall Street Journal reported Friday. The wage increases are a sign that the labor market is tightening to a point where it is giving low wage employees leverage for raises. A short supply of workers and an ...

Chinese imports of soybeans nearly doubled in November as the communist nation seeks a trade deal with the U.S., one of its biggest suppliers of the staple agricultural product, AP reported Thursday. Imports rose more than 50% to 5.4 million tons, AP reported, citing customs data. China nixed purchases of American soybeans after President Donald Trump raised import duties on ...

Boeing fired CEO Dennis Muilenburg as the company attempts to unbury itself from negative press related to two crashes killed hundreds in 2019, The New York Times reported Monday. It’s board of directors “decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all ...

The U.S. economy added a robust 266,000 jobs in November blowing out analysts’ expectations of 187,000, according to the Bureau of Labor Statistics. Gains were largest in manufacturing (54,000), leisure and hospitality (45,000), health care (45,000), professional and technical services (31,000), and transportation and warehousing (16,000). Clothing and accessory retailers saw the largest losses as more than 18,000 jobs were ...

The United States notched the country’s first month of exporting more petroleum products than it imported, according to newly released federal data. The news comes as Democratic presidential candidates campaign on nixing fossil fuels. The U.S. exported roughly 89,000 barrels of fossil fuels per day during September, according to data the Energy Information Administration (EIA) released Nov. 29. That’s the ...

Just a few weeks ago, EUR/GBP, one of the most popular Forex pairs, remained on a defensive front because of the volatile market. However, it has finally decided to test its 0.86 handle, which is a positive sign for many Forex traders. There is an enormous selling bias circulating the British pound. But it manages to hold its ground even ...

Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt. Powell told the Joint Economic Committee that the “high and rising federal debt,” which now tops $23 trillion, could make it difficult for the economy to recover from future market downturns. “In a downturn, it would also ...

New York regulators are investigating Goldman Sachs’ Apple Card after a prominent software developer said the card is a “f*cking sexing program” in a Nov. 7 tweet thread. David Heinemeier Hansson spoke out against the card and its algorithm on Twitter, saying, “The [Apple Card] is such a f*cking sexist program. My wife and I filed joint tax returns, live ...