U.S. Remittances Skyrocket, Sets Record High Amid Economic Headwinds

Despite Covid shutdowns and economic volatility, U.S. immigrants find ways to send money abroad to help families.

Plants, Plans, People: Pentagon Faces Hurdles To Meet Goals For Keeping U.S. Rounds Flowing to Ukraine

Photo by Daniel Peinado via Pexels.com. Tucked away in a quiet corner of Des Moines County, the Iowa Army Ammunition Plant has seen its share of production highs and lows. Since it began operations in 1941, just as the United States was about to enter World War II,...

Young American borrowers are struggling to pay credit card debts

Image via Pixabay Money was never discussed in Fernando’s family, when he was growing up and as an adult he never had to think about finances. So it was a surprise to find himself unable to pay his credit card debt at 26, when he had just quit his $45,000 job and...

Inflation Cooling in February Amid Bank Turmoil and the Fed’s 2% Goal

Despite robust economic data suggesting the Fed raise interest rates to taper inflation, the traditional banking sector is causing it to reconsider.

Dull February retail sales mark departure from January’s holiday cheer

A post-holiday hangover clouded retail sales last month as resilient but weary consumers corrected their outsize January spending, holiday discounts faded and an air of caution returned, heightened by still high prices and rising interest rates.  Retail and food...

Tight U.S. Housing Market Cools in 2022, Thanks To Rising Mortgage Rates

Home prices continued to decline nationally in December, for the sixth month in a row, a sign that high mortgage rates are continuing to deter potential buyers.  The seasonally adjusted S&P CoreLogic Case Shiller home price index declined by 0.3%, compared to last...

Manufacturing Slows Again in February As Firms Hope For Brighter Second Half of 2023

Photo by jannonivergall via Pixabay The U.S. manufacturing sector shrank again in February, but at a slower rate than in previous months, a sign that activity may be starting to stabilize.  The Institute for Supply Management (ISM) on Wednesday released its monthly...

Hotels, Travel Businesses Treading Water Waiting for International Tourists

Robert Miller, the president and founder of Travel Advocates, was on pace for his best year ever when Covid hit. His business, which helps large groups book travel and accommodations throughout the country, earned two-thirds of its revenue from foreigners traveling to...

Older workers are key to manufacturing’s recovery, but will they be retrained and rehired?

Pennsylvania governor Tom Wolf meets manufacturing workers in Hatboro, Penn. in 2015. (Photo: Flickr, CC BY 2:0) Stephen Ory’s career in manufacturing stretches back three decades, in shipyards, electricity utility, and nuclear. But when the nuclear power station he...

Supply Chain Shortages Still Persist in the Booming Restaurant Industry

A cook with no cookware is like a fish with no water. For an Alabama cook at a Huntsville gastropub cuisine restaurant, who asked to go by Sean, what sounds like a cook’s worst nightmare has become a recurring problem for the past two years.