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Money & The Economy

News on Finance, Money, markets and the economy

Trump Effect: Summer Hiring Strongest in a Decade; Employers Turning to Benefits and Wages to Compete for Workers

A new survey revealed that the overwhelming majority (95 percent) of employers are adding more shifts this summer and more than half (58 percent) plan to hire more summer workers than last year. This parallels the continued and steady climb of U.S. jobs due to the booming economy under the Trump administration’s “America First” policies. Most employers (82 percent), according to ...

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REPORT: Dysfunctional Policies Force New Yorkers To Pay 46 Times More For Energy Than Their Neighbors

  by Tim Pearce Natural gas prices in the New York City region skyrocketed in January, costing New Yorkers roughly 46 times more than the 2017 average for the area, according to a Tuesday report from the Consumer Energy Alliance (CEA). Despite neighboring natural gas rich Pennsylvania, New York residents pay 44 percent more for energy than the national average. ...

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Retail credit card delinquency highest since 2011

debt

Delinquency rates on private label retail credit cards rose 57 basis points to 4.65 percent over March 2017 on outstanding balances of $81.7 billion, which are up 0.8 percent from a year ago. Delinquencies have been rising steadily, on a seasonal basis, since 2013 and are now at their highest level since early 2011, according to data from the latest Equifax (NYSE: EFX) National Consumer ...

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KBB: 10 Coolest New Cars Under $20,000 for 2018

Car lot

While the average new car on the road today costs more than $35,000, there are still plenty of vehicle options available at a more affordable price, without sacrificing on comfort and style. The expert editors at Kelley Blue Book name the 10 Coolest New Cars Under $20,000 for 2018, proving you can find a dynamic and less expensive vehicle that still turns heads. The ...

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Deer and Racoon top list of animal-related insurance claims

Car hitting deer

A new study was released today on the number of animal-related insurance losses for the years 2014-2017. The National Insurance Crime Bureau (NICB) data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia. A total of 1,740,425 animal-related insurance claims were processed with 1,739,687 of them—99.9 percent—involving vehicles. The actual number of ...

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Truck Tonnage Index Increased 2.2% in April, 9.5% year-over-year

semi trucks freight

All of the recent economic indicators, current and forward-looking have demonstrated that the Trump administration’s America First agenda is having a very positive impact on the lives of American workers. Now, the American Trucking Association indicates that it saw a 2.2% increase in freight tonnage hauled in April over the previous month and a 9.5% over last April indicating increasing ...

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Trump Effect: U.S. CEOs’ Confidence Soars As Hunt For Sustained Growth Continues

Lynne Doughtie, KPMG US Chairman and CEO

U.S. chief executives are highly confident in the growth prospects for their companies over the next three years and will focus on M&A and collaborative efforts such as accelerator or incubator programs for startup firms to achieve sustained growth, according to a study released today by KPMG LLP, the U.S. audit, tax, and advisory firm. Experience the interactive Multichannel News ...

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Top Reasons Millennials Enjoy Working in the Skilled Trades: Problem Solving, Working with Your Hands and Job Security

A new survey highlights when and why millennials are entering the industry. The Klein Tools survey also explores how employers can attract the next generation to the trades in order to end the labor shortage that our nation is facing today. Age and Reason Electricians are Entering the Industry Results showed that more than half of millennial electricians, 57 percent, entered ...

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Why the Bitcoin Investment Vehicle Is so Interesting

When people think about a bitcoin investment vehicle, they think about a way to make money. This makes sense as people invest in things in order to build their own financial wealth. However, that takes away from what bitcoin is actually all about, which is the greater social good. The Bitcoin Investment Vehicle and Social Good Few people realize that it is ...

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Increasing Number Of Professionals Can’t Unplug On Vacation

Majority of workers (56 percent) connect with the office during break Professionals in New York, Charlotte, Los Angeles, Miami and Seattle check in the most; Cleveland and Minneapolis the least Seven in 10 millennials check in with the office, while majority of workers ages 55 and older fully disconnect on holiday Employees plan to take an average of 9 days ...

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Five Dropshipping Tips for New Business Owners

Dropshipping

For new online shop owners, they considered dropshipping as one of the best business models. Simply because a dropship store is very easy to start, low cost, offer lower risks, and it is highly automated. As a matter of fact, Google Trends has recently revealed that dropshipping became more popular and lots of dropshipping companies, as well as suppliers like ...

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Trade talks: China to substantially reduce U.S. trade deficit

China Shipping Tanker

A U.S. – China trade delegates met in Washington, D.C. and agreed that China would take “effective measures to substantially reduce the United States trade deficit” with the large Asian nation. “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This ...

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Here’s Why Californians Pay Way More For Gasoline Than Everyone Else

gasoline-shortages-in-north-carolina

  by Chris White The price of a gallon of gas costs dramatically more in California than in the rest of the country for a variety of reasons, but government meddling, rising house costs and steep taxes are playing a significant role. Republicans are threatening to turn a recently passed gas tax increase into a millstone to wrap around the ...

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New Construction Starts in April Pull Back 13 Percent

The value of new construction starts in April fell 13% from the previous month to a seasonally adjusted annual rate of $674.3 billion, according to Dodge Data & Analytics.  The decline follows the 11% gain reported for March, which was the highest level of construction starts over the preceding six months.  The loss of momentum in April was widespread, involving each ...

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Medical Robotic Systems Market to Become Worth US$ 25.7 Billion by 2025

Surgical Robot

According to a report, the global medical robotic systems market was valued at US$ 6,458.0 Mn in 2017 and is projected to expand at a CAGR of 18.9% from 2018 to 2026. Increase in adoption and demand for surgical robots and rise in the number of products receiving regulatory approval are expected to boost the global medical robotic systems market from 2018 to 2026. ...

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