Economic News

Average and Median Savings Account Balances Differ Greatly

An often cited statistic suggests that the majority of Americans would be unable to come up with a few hundred dollars in the event of an emergency. While that may be true, there are of course those who maintain fairly healthy savings accounts. In fact a recent study by Magnify Money found...

California Found to Have Highest Poverty Rate of Any State

They say that all that glitters is not gold — and that cliche seems to apply to The Golden State as well. According to new data from the U.S. Census Bureau and reported on by the San Diego Union-Tribune, California has the highest level of poverty among the 50 states. Moreover...

eMarketer Explores Effect of Tariffs on Ecommerce Companies

Of all the recent economic stories that have developed in recent months, perhaps the most notable has been the on-going controversies around trade policy and tariffs. Aside from the typical political debates that tend to erupt whenever either party makes a move, the tariffs have been especially divisive as they've managed...

United States Economy Adds 200,000+ Jobs in August

August 2018 proved to be another strong month in terms of job growth in the United States, with the economy adding 201,000 new jobs during the month. Not only did this mark the 95th consecutive month of job gains but also slightly outpaced the 12-month average of 196,000 jobs added. Despite...

U.S.'s Trade Deficit Grew in July

When President Trump took office in January of last year, he brought a renewed interest to a figure that hadn't been as talked about previously: the U.S.'s trade deficit. In other words, the United States imported more goods than it exported during the month. Trump has often cited the trade...

Trump Announces U.S.-Mexico Trade Deal to Replace NAFTA

After a rough few days for the White House late last week, this morning President Trump announced that the United States had reached a tentative trade deal with our southern neighbors. Currently known as the United States-Mexico Trade Agreement, the president says he's purposely ditching the NAFTA name, citing the...

We're Now in the Longest Bull Market in History — Or Are We?

As the closing bell rang on the New York Stock Exchange yesterday, investors and others celebrated a milestone that carries with it a fairly impressive title: the longest bull market in history. In this case the bull market dates all the way back to March 9th, 2009, meaning the previous record...