Economic Report

U.S. Stock Market Drop Hurts Dollar

U.S. Stock Market Drop Hurts Dollar

Despite the recent run of good news for the stock market, Tuesday saw many U.S. stocks come crashing down, showing big losses in a single day, and the U.S. stock market drop, harming the greenback. Some of the biggest losers on the day include Chipotle Mexican Grill, Inc. (NYSE:CMG) and Advanced Micro Devices, Inc. (NASDAQ:AMD), both (more…)

American Debt Rises in 2017: Mortgage Debt Biggest Burden

Mortgage Debt Biggest Contributor to Overall American Debt Despite feeling burdened, Americans are continuing to rake in more and more debt. American debt has soared to Great Recession levels this year, hitting a whopping $13.0 trillion.  While not every single American may be in debt, the majority is. The latest study carried out by GoBankingRates has (more…)

Louisiana Ranks No. 1 Among U.S. States Unprepared for Recession

U.S. states unprepared for recession

Moody’s Finds One-Third of U.S. States Unprepared for Recession Not all U.S. states are in a shape to deal with a recessions. Ratings agency Moody’s Corporation has found that about one-third of U.S. states do not have the ability to withstand recessionary pressures. Louisiana, North Dakota, and Oklahoma top the list of U.S. states unprepared for recession. Analysts (more…)

Californians Facing Housing Shortage After California Wildfires

California Facing a Housing Shortage as Wildfires Burn Down Thousands of Homes Californians are facing a housing shortage as the state deals with a historic catastrophe. The California wildfires have already burnt down thousands of houses in Northern California, and despite firefighters making significant progress over the weekend, the fires are still continuing to force (more…)

Michael Bloomberg Donates $64.0 Million to Combat Coal as Tensions Escalate Over Best Way Forward for American Energy

michael bloomberg donations

The Billionaire Is Trying to Bolster the Efforts to Kill Coal and Strengthen Renewables The Sierra Club and other environmental groups received a shot in the arm from billionaire Michael Bloomberg, who donated $64.0 million towards their efforts to reduce coal and promote renewables, running directly against the mandate of President Donald Trump to bring (more…)