Economic News

As the Economy Grows, More Americans are Quitting Their Jobs

With the U.S. economy steadily adding jobs and some employers even struggling to attract skilled workers to fill positions, a related phenomenon is on the rise: people are quitting their jobs. In fact, as The Wall Street Journal reports, voluntary terminations are nearing their highest point since 2001. Moreover, in...

Facebook Co-Founder Suggests 50% Tax for Wealthy, $500 Pay Out for Poor

In recent years, thanks in part to the campaigns of Senator Bernie Sanders and others, income inequality has become a major talking point in American politics and economics. As result many have offered their thoughts on what can be done to shrink the earnings gap between the top 1% and...

Canada Imposes Retaliatory Tariffs on U.S. Goods

When it was first announced that the United States would no longer make exceptions to recently-imposed steel and aluminum tariffs for allies, many immediately promised retaliation. On Sunday — Canada Day, incidentally — our neighbors to the north made good on that by not only enacting new 25% tariffs on...

Study Finds Debit Card Usage is Declining

Once upon a time, debit cards seemed like a revelation and helped usher out the time-consuming process of writing a check. Pitched as a smarter choice to credit cards but with many of the same conveniences, 74% of households reported using debit cards in 2013. However, according to a new...

Trump's Economic Efforts Earn Majority Support

These days it seems it's hard to find a majority consensus about anything — yet it seems the economy may be a surprising exception. According to CNBC's All-America Economic Survey, 51% of Americans said they approved of the President's handling of the economy. This marks the first time the Commander...

U.S. Retail Spending Continues to Rise in May

Even though we couldn't be further removed from the holiday season, it seems Americans are ready to shop. As CNN Money reports, retail sales rose 0.8% in May. Not only did that figure best many estimates but also marked the largest gain in six months. Furthermore spending was up an...

Houses Moving Off the Market at Fastest Pace Since Recession

If you've been considering selling your home, now may be a pretty good time to do so. According to new data from Trulia list-to-sales times have fallen to their lowest level since the recession first hit. Moreover the average number of days that homes sit on the market is now...

Trump Imposes Tariffs on Previously Excluded Allies

Even though it seems like tariffs have been the talk of Wall Street for months now, these announcements and the recent news that the U.S. is exploring a possible tax on imported autos have brought trade war fears to a new high. As a result both investors and everyday consumers...