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America At The Verge Of ItsBiggest Labor Strike In Decades

America At The Verge Of ItsBiggest Labor Strike In Decades

We might soon be witnessing the largest strike in the nation- of UPS and Teamsters. It was on Tuesday the union pronounced that its members voted massively in favor of going on strike in case the deal isn’t struck before the expiry... 
Amazon Eyeing Physical Stores In France

Amazon Eyeing Physical Stores In France

According to Le Monde, a French publication, Amazon is looking for 15 locations in France with a view to setting up stores in the coming two years. Amazon is said to be especially interested in store locations in the French capital,... 
US Pending Home Sales Rebounded in June

US Pending Home Sales Rebounded in June

According to the National Association of Realtors, in a statement made on Monday, the Pending Home Sales Index improved about 1.5 percent on stronger contracts signed just last month. The reading is now reading of 110.2; more importantly,... 
Oil Falls Against Heavy Supply, Surprising Analysts

Oil Falls Against Heavy Supply, Surprising Analysts

Global prices of crude oil has fallen to their lowest numbers in more than a month. This is according to new data from the Energy Information Administration, who said that US crude stocks, in particular, fell by a far lower amount... 
Factory Growth Slows, Will We Still See A Rate Hike?

Factory Growth Slows, Will We Still See A Rate Hike?

US factory activity slowed a bit in April on the heels of steady—but low—consumer spending from March. In addition, a key inflation measure saw its first monthly drop in roughly 16 years. Still, economists expect the Foryederal... 
US Economy Expanded at Its Weakest Pace in Three Years in 2017 Q1

US Economy Expanded at Its Weakest Pace in Three Years in 2017 Q1

Though the economy in America remains quite resilient, the numbers in the first quarter of this year have been the lowest in the last three years. Analysts suggest, of course, this is largely a result of consumers slowing their spending;... 
Retail Closures Accelerate In The United States As E-commerce Grows

Retail Closures Accelerate In The United States As E-commerce Grows

Many retail chains in the U.S. continue to shut down with some of the latest stores being Payless Inc and Ralph Lauren. Rue21 Inc, a retailer that focuses on teenage apparel, is also said to be headed for bankruptcy. The store closures... 
Trump Administration Rolls Back Federal Protections for Those with Student Loans in Default

Trump Administration Rolls Back Federal Protections for Those with Student Loans in Default

It has only been a few days since a report was released to show that federal student loans have seen a double-digit increase in defaults, but President Donald Trump’s administration has already revoked federal guidance which... 
Dollar Slides from 14-Year High; Can it Bounce Back?

Dollar Slides from 14-Year High; Can it Bounce Back?

On Tuesday, US stocks seemed at a stable spot to hit gains, again, as the dollar showed a great boost to reach a 14-year high. Indeed, futures now suggest that the Dow Jones Industrial Average will advance 0.2 percent. This will put... 
US Jobless Claims Up, Slightly, but Labor Market Still Strong

US Jobless Claims Up, Slightly, but Labor Market Still Strong

It looks like more people than expected are having a hard time this holiday season. Last week, the number of Americans applying for unemployment benefits (for the first time) rose to its highest level since June. Fortunately, the numbers... 
Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

New numbers show that the American economy only grew at a moderate/modest pace this summer through 8 of the Federal Reserve’s 12 districts. This is a slowdown from past reports that could encourage more caution among Fed policymakers... 
Job Market Improving, but What About the Economy?

Job Market Improving, but What About the Economy?

And now for some good news: The American job market is improving. According to the US Bureau of Labor Statistics, monthly job openings improved in July. This metric, of course, is a major gauge of the health of the US economy. More... 
Just 151,000 New Jobs Added In August, Fed Rate Hike Not Likely

Just 151,000 New Jobs Added In August, Fed Rate Hike Not Likely

The U.S. economy added 151,000 net new jobs in August, below consensus expectations for 180,000. Meanwhile, the labor force participation rate remained stable at 62.8%, as did the jobless rate at 4.9%, though it was expected to tick...