by Sarah Min | Mar 29, 2018 | International Trade, Jobs, Newest
When Caterpillar closed its construction machinery plant in Newberry County in 2016, it had hardly vacated the premises before Samsung rushed in to build its first North American production facility. “The timing couldn’t have been more excellent,” said Misty West,...
by Sharif Paget | Mar 27, 2018 | Autos, Consumer Price Index, Economy, Newest
Chris Leonardo started driving for ridesharing apps, such as Uber and Lyft, three years ago in San Fernando Valley, CA. Today, he pays almost twice as much to fill up his tank. But the ridesharing companies don’t reimburse him for gas, and the apps’ rates have...
by Sharif Paget | Mar 18, 2018 | Autos, Consumer Price Index, Economy, Jobs, Newest
Investors breathed a sigh of relief after February’s small increase in consumer prices were released, easing concerns over inflation and faster interest rate hikes by the Federal Reserve. The consumer price index rose by 0.2 percent, right in line with economist...
by Sarah Min | Mar 13, 2018 | Economy, International Trade, Newest
The U.S. trade deficit is the highest it has been in nearly 10 years, signaling strong consumer demand as imports continue to outpace exports. President Donald Trump brought the ever-widening trade deficit to the forefront of national discussion last week after...
by Willa Rubin | Mar 3, 2018 | Economy, Housing, Newest
Photo credit National home prices are continuing to grow due to low construction rates and few homes being put on the market. Home prices grew 6.3 percent in December, according to new data from the Case-Shiller indices released on Tues. Feb. 27, 2018. This number was...
by Max Parrott | Mar 2, 2018 | Economy, Newest
Personal income rose in January to reflect the reduced tax rates of the Tax Cuts and Jobs Act, increasing the American savings rate for the first time in months. The 0.4 percent increase in January slightly exceeded an economist median estimate of 0.3 percent....
