Slowdown in Manufacturing Industry and Housing Market Remain Significant The United States may be headed for an economic slowdown, according to the Federal Reserve Bank of Chicago’s latest report. The study shows that the American economy contracted in August.
Robert Shiller, the Nobel Prize-winning economist that teaches at Yale University, has a warning for investors: stocks today look a lot like they did at the peak before the last 13 previous price collapses. This doesn’t mean stocks are going to crash next week, but it does mean investors shouldn’t be complacent.
Employees Face Furloughs or Layoffs as Ford Idles Plants America’s second-largest automaker has been forced to cut back on production as it faces a slowdown in sales. Ford Motor Company is temporarily idling work at five of its factories—three in the United States and two in Mexico—in order to bring production in line with demand.
Retail Sales Post a Drop in August as Americans Buy Fewer Cars and Clothes August sales data disappointed as retail and food sales posted a 0.2% drop, compared to July. It turns out that even Amazon.com, Inc. couldn’t save the industry from disappointment.
Gold prices hit $1,350 an ounce on Thursday as concerns grow about the state of the U.S. economy. While some investors are pointing at escalating tensions with North Korea as the reason for the spike in gold prices, tensions in Washington over the last number of months, followed by weak economic indicators, and the weak (more…)
Privately held The LEGO Group announced plans to axe 1,400 jobs, or about eight percent of its global workforce, after revealing that sales have fallen for the first time in a decade.
American Auto Industry Slows as Americans Spend Less on Vehicles The latest data on U.S. consumer spending reveals a glaring trend: Americans are cutting back their expenditures on personal transport. According to the statistics on consumer expenditures for the year 2016 posted by the U.S. Bureau of Labor Statistics, Americans are buying fewer cars, despite having (more…)
The Long Clichéd Line About Humanities Degrees Being Poorly Suited for the Job Market Is Endorsed by Study While the number of students pursuing master’s and doctorates in humanities remains high, according to a study by the American Academy of Arts and Sciences, job prospects remain low.
In the immediate aftermath of Hurricane Harvey, it’s become apparent that a large number of vacancies in both the National Hurricane Center (NHC) and Federal Emergency Management Agency (FEMA) is hampering response efforts to the recent violent windstorm.
Houston, we have a problem. The destruction that Hurricane Harvey rained down on the Texas and Louisiana coast poses new problems for the National Flood Insurance Program.