by Sharif Paget | Apr 11, 2018 | Autos, Consumer Price Index, Economy, Featured, Jobs, Newest
The Labor Department will release its consumer price index Wednesday, following a lackluster jobs report and the Federal Reserve’s decision to only raise interest rates three times this year. The median economist forecasts show CPI will be unchanged in March, which...
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 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 Alix Langone | Jun 1, 2017 | Canada, Economy, Housing, International Trade, Jobs, Lumber, Newest
President Trump has proposed a tariff on Canadian softwood lumber, but American lumber is becoming more expensive as a result. The new timber tariff proposed by the president – an almost 20% tax on softwood lumber imported from Canada – may sound beneficial for...
by Annie Nova | May 24, 2017 | Jobs, Personal Income
Since Donald Trump became the U.S. president, Daniel Levy – an immigration lawyer in Canada – has been flooded with emails from the talented foreign workers who hold H1-B visas. Many of them are from India, work at U.S. technology companies, and now regret their move...
by William Mathis | May 23, 2017 | Durable Goods, Economy, Featured, Jobs, Newest
Five years ago, Rishvanth Kora, 31, was about to finish a graduate program in electrical engineering at the University of Kentucky, when he finally got a job offer. The Fortune 500 manufacturing company Cummins wanted a worker with an advanced engineering degree badly...