When it comes to the U.S. economic recovery, the conventional wisdom is that it’s all about housing. That’s where the majority of Americans keep the majority of their wealth. It’s 15% of the economy and has been driving …
Call it the Cards Championship Effect: Historically, when the St. Louis Cardinals win the World Series, the stock market tends to go through the roof the following year.
It’s also cost the country an additional 2 million jobs
Aside from the furloughed federal workers, the housing recovery may be the first economic victim of the government shutdown. Over the last two years, housing has gone from being a headwind to a major boon to U.S. economic growth. …
It’ll hurt. But the debt ceiling could be the real disaster
Why Wall Street isn’t panicking—yet
But don’t light up that cigar just yet
The number of Americans applying for initial jobless benefits increased less than expected last week, offering an encouraging if still muddled sign that gradual growth in employment is continuing, Bloomberg News reports.
The slight uptick in claims was likely made worse by a backlog of applications in California and Nevada, which both …
Car dealerships sold a ton of new vehicles last month, but they could have moved even more—if only they had more cars on hand to sell.
Progress not as dramatic as initially thought