Home » Economy

U.S. Considers New Tariffs On French Products

U.S. Considers New Tariffs On French Products

The U.S. government is considering placing new tariffs on $2.4 billion in imports from France in retaliation for France’s new digital services tax. The punitive duties would be up to 100 percent on products including Champagne, handbags,... 
International Energy Agency Warns of the Risks of Increased Global Fossil Fuel Demand

International Energy Agency Warns of the Risks of Increased Global Fossil Fuel Demand

While it is becoming quite apparent that the world is making a conscious shift towards renewable energy, the pace of this transition is not fast enough to offset the immense impacts of global economic expansion and population... 
Second Round Of Farmers’ Trade Aid Payments To Start

Second Round Of Farmers’ Trade Aid Payments To Start

The U.S. Department of Agriculture will begin making a second round of 2019 trade aid payments to U.S. farmers next week. The payments are intended to compensate farmers for lost income from the U.S.-China trade war. According... 
Trade Deficit Decreased In September

Trade Deficit Decreased In September

The latest Commerce Department report shows that the U.S. trade deficit contracted in September, falling to its lowest level in five months. The September trade deficit fell to $52.5 billion, down from an August deficit of $55... 
Retail Sales Fall For First Time Since February

Retail Sales Fall For First Time Since February

U.S. retail sales fell in September for the first time in seven months. According to a report from the Commerce Department, retail sales fell 0.3 percent last month. Economists had forecast retail sales would climb 0.3 percent... 
U.S. Trade Deficit Widens More Than Expected

U.S. Trade Deficit Widens More Than Expected

The U.S. trade deficit widened more than expected in August. The imbalance stood at $54.9 billion at the end of the month, up 1.6 percent from $54 billion in July. That was higher than the $54.5 billion estimated by economists.... 
China Eases Investment Rules For Foreigners

China Eases Investment Rules For Foreigners

China has made some new moves to make it easier for foreign investors to invest in the country. The nation’s primary currency regulator, the State Administration of Foreign Exchange, announced changes to China’s Qualified... 
Last Year’s Job Numbers Revised Downward

Last Year’s Job Numbers Revised Downward

The Bureau of Labor Statistics is issuing new figures that lowers the number of jobs employers added to payrolls last year. During the 12-month period that ran from April, 2018 through March of this year, employers added 501,000... 
U.S., China Close To Trade Deal According To Several Reports

U.S., China Close To Trade Deal According To Several Reports

Reports from Reuters, The Wall Street Journal, and Bloomberg News say that lifting tariffs on Chinese goods by the US in exchange for China making several economic pledges are part of a trade deal that is on the horizon. Reuters... 
More Than Half of Economists Set 2020 For Next US Recession

More Than Half of Economists Set 2020 For Next US Recession

A survey taken by the National Association for Business Economics (NABE) reveals that  75 percent of economists believe a downturn in the US economy will happen in the next three years and that about 10 percent of them... 
Trump Expected To Ban Chinese Telecommunication Equipment

Trump Expected To Ban Chinese Telecommunication Equipment

Inside sources at the White House say that President Trump is planning to sign an executive order to ban Chinese telecommunication equipment from being used in US wireless networks sometime next week. According to CNBC this... 
GM Plant Closings Will Hit Parts Suppliers Far And Wide

GM Plant Closings Will Hit Parts Suppliers Far And Wide

The results of General Motors’ (GM) major restructuring along with its plan to close five North American factories in the next few months will cause a ripple effect for the many jobs in the auto parts suppliers industry. GM... 
Industrial Production in the US Closed 2018 on an Upswing

Industrial Production in the US Closed 2018 on an Upswing

According to the Federal Reserve, US factory output grew at a rate of 1.1 percent last month.  While that might seem like a very low number—and it is—the sentiment is positive because economists had actually expected... 
Mailing Just Got More Expensive With Forever Stamp’s Biggest Price Increase

Mailing Just Got More Expensive With Forever Stamp’s Biggest Price Increase

American’s will be paying more for mailing letters and packaging beginning now! The biggest price increase in the history of the US Postal service for the first-class Forever stamp increased by a nickel on Sunday from 50... 
Good News For Wild Blueberries In Faltering No. 1 State

Good News For Wild Blueberries In Faltering No. 1 State

Maine is the number one state in the wild blueberry business. Though growers there had a bad year in production there is hope for an upturn in the future. Wild Blueberry growers in Maine harvested 11 million pounds less of... 
Big claims strain senior living market for US insurers

Big claims strain senior living market for US insurers

The US population is aging and more seniors are seeking senior living community facilities to live in during their remaining years. But just as there is a rise in senior living community complexes being built so is there a rise... 
Amazon To Open Operation In Mississippi, Creating 850 Jobs

Amazon To Open Operation In Mississippi, Creating 850 Jobs

Amazon currently operates more than 75 fulfillment centers in North America and employs approximately 125,000 full-time hourly employees in the US alone. Amazon will be adding to this list another consumer goods fulfillment... 
AAA: Record Number of Travelers This Thanksgiving Week

AAA: Record Number of Travelers This Thanksgiving Week

According to AAA Northeast, this week’s travel volume due to the Thanksgiving holiday will be the highest record set since 2005 with more than 54 million people traveling by driving, flying or taking the rail.  And the highest numbers... 
401(k) Account Balances Are At An All Time High

401(k) Account Balances Are At An All Time High

It looks now is a good time as any to start saving for retirement.  In fact, if you have a 401(k) account, you will be very happy to know that the average account balance reached a record high, this quarter (Q3), at $106,500. This... 
U.S. Imports Less Steel After Tariffs Begin

U.S. Imports Less Steel After Tariffs Begin

Business Forward tracks a host of trade issues including the North American Free Trade agreement and its pending replacement. In its latest report in October U.S. manufacturers in highly competitive markets and those manufacturers... 
How BuildBinder helps construction teams handle their projects

How BuildBinder helps construction teams handle their projects

Construction teams can face communication challenges that ultimately cost them greatly both in time and budget. If team members cannot visualize information on time, then their decisions must be pushed back. A great deal of modern... 
GM Ignition Switch Death and Injuries Tallies Will Rise ‘Absolutely’ Warns Fund Manager

GM Ignition Switch Death and Injuries Tallies Will Rise ‘Absolutely’ Warns Fund Manager

A representative of the compensation fund for victims of GM’s ignition switch scandal has suggested that a great many more injuries and deaths can and will be linked to the automaker over the coming months. In total, around 2.6 million... 
Marriott Bows to FFC Ruling, Will Not Appeal Wi-Fi Blocking Ban

Marriott Bows to FFC Ruling, Will Not Appeal Wi-Fi Blocking Ban

Marriott Hotels has confirmed its intention not to appeal against the Federal Communications Commission’s decision to barring access to personal Wi-Fi networks within the company’s property’s. Having been slapped with a penalty... 
Consumer Spending Down Despite Low Gas Prices, Strong Job Creation

Consumer Spending Down Despite Low Gas Prices, Strong Job Creation

December saw a fall in consumer spending of 0.3%, suggesting that the US public is still cautious about overspending in spite of strong job creation and falling gas prices. Monday’s report from the Commerce Department outlined a... 
US Gas Prices Break $2 Barrier After Five Weeks of Lows, AAA Reports

US Gas Prices Break $2 Barrier After Five Weeks of Lows, AAA Reports

US gas prices have once again broken the $2 per gallon barrier after remaining below the mark for an extraordinary five straight weeks. According to AAA Michigan, self-serve regular has over the past seven days in price to $2.11 per... 
Cyber Monday Retail Stats Show Massive Mobile Movement Over 2013

Cyber Monday Retail Stats Show Massive Mobile Movement Over 2013

Second only to Black Friday in pure chaos stakes, Cyber Monday has traditionally been one of America’s most bewilderingly blistering days of the country’s annual retail calendar. Famed for pulling tens of millions of consumers... 
Debts owed by students are a concern on their own, more bad news behind the scenes

Debts owed by students are a concern on their own, more bad news behind the scenes

More and more competition in the job market has led to more and more competition in education. This has in turn driven up the price of attaining a college degree and created a huge increase in student debt. It is now estimated the... 
Upturn in oil prices might negatively affects stocks and the economy

Upturn in oil prices might negatively affects stocks and the economy

In New York Crude was being traded at over $102 a barrel during Wednesday, which is a high for the year. At the end the last shortened day of trading before the holiday, crude closed at $101.22 a barrel.   The recent events in... 
Student Loan Interest Rate Doubles Overnight to 6.8%

Student Loan Interest Rate Doubles Overnight to 6.8%

The interest rate on college students’ subsidized Stafford loans have doubled overnight to 6.8%. This not only adds financial burden to the 7 million students expected to take out Stafford loans in the coming scholastic year, but... 
Sales Fizzling for BlackBerry – Doubtful Comeback

Sales Fizzling for BlackBerry – Doubtful Comeback

A disappointing earnings report for Blackberry caused its shares to lower, despite the company’s efforts to turn the company around with the introduction of the new Blackberry 10 software and phones.   The Waterloo, Ontario-based... 
Student Loan Interest Rates Doubling to 6.8% – 1 July

Student Loan Interest Rates Doubling to 6.8% – 1 July

  Student loans are a headache for college graduates. However, they will be hit with another financial burden as the interest rates could double.   Frank Willshire, a software engineer who is still paying off loans incurred... 
Positive News For Stocks: Boeing and HP Take the Lead

Positive News For Stocks: Boeing and HP Take the Lead

There is still time left before the central bank starts decreasing its bond purchases. This is what was suggested by Federal Reserve policymakers in several speeches. Due to this and positive economic reports, yesterday, Thursday June... 
Three-Week Low for Euro – ECB Concerns

Three-Week Low for Euro – ECB Concerns

The euro declined to a three-week low against the U.S. dollar. It also fell against Japanese Yen yesterday (Wednesday 26 June) following the European Central Bank’s President Mario Draghi’s comments emphasizing the risks to euro... 
Weak Consumer Spending Revised Down US GDP

Weak Consumer Spending Revised Down US GDP

The initial estimate of the U.S. economic performance by the Commerce Department was 2.4 percent. However, on Wednesday 26 June, the Department revised the estimate down to 1.8 percent. This result is the weakest in two years and... 
US Gas Prices Still Much Lower than the Rest of the World

US Gas Prices Still Much Lower than the Rest of the World

The current average gas price at the pump is $3.55, according to gasbuddy.com. It is quite low compared to the price that consumers in other countries pay.   The actual market value of gasoline costs between $2 and $0.90 more... 
CPI Down in May, Jobless Rate at 7.6%, the Fed is Happy

CPI Down in May, Jobless Rate at 7.6%, the Fed is Happy

Prices for goods increased in the USA in the past month according to the Labor Department.  The Consumer Price Index moved up just one tenth of one percent meaning the change in prices was statistically flat or practically irrelevant. Of... 
Builders Show Confidence in Recovering Housing Market – June Traffic Beats May

Builders Show Confidence in Recovering Housing Market – June Traffic Beats May

For those under the rater gloomy impression that the current housing recovery is no more than a passing fluke, one of the most important measures of confidence among builders is pointing to the exact opposite: The housing recovery... 
Jobs Report Shows Signs of Slow Improvement, Insufficient to Quell Unemployment

Jobs Report Shows Signs of Slow Improvement, Insufficient to Quell Unemployment

The US jobs market is certainly heading in the right direction, though market experts are concerned that the pace is not nearly fast enough to make much of a positive difference for the 12 million Americans still struggling to find... 
McDonald’s Looks to Bolster Falling Sales with Massive Portions and Midnight Breakfasts

McDonald’s Looks to Bolster Falling Sales with Massive Portions and Midnight Breakfasts

McDonald’s seems to have a very clear business model for 2013 – encouraging customers to eat larger portions and at more regular intervals, regardless of where they might be at the time. For those looking to stuff their faces in... 
Chrysler Posts 11% Growth in May Vehicle Sales – Pickups Remains Key Players

Chrysler Posts 11% Growth in May Vehicle Sales – Pickups Remains Key Players

Chrysler Group LLC has surprised analysts and investors by posting an 11% increase in vehicle sales for the month of May – an improvement credited largely accelerating interest in pickup trucks. Chrysler has thus become the first... 
House Prices Grow at Fastest Rate in Seven Years – Momentum to Carry Through 2013

House Prices Grow at Fastest Rate in Seven Years – Momentum to Carry Through 2013

US house prices grew in March at the fastest rate in almost seven years, as consumer confidence once again bred optimism that the economy is heading in the right direction.  With the spring buying season having apparently surpassed... 
Apple Steps Out of Shadows, Becomes Centerpiece in Washington Tax Debate

Apple Steps Out of Shadows, Becomes Centerpiece in Washington Tax Debate

Apple’s extraordinary growth that would take it to the top of the global technology industry was undeniably overstated – everything seemed to go on behind the scenes, out of view and just as Apple likes it. However, a recent twist... 
119,000 Private Jobs Added in April – Overall Economic Growth Lower Than Expected

119,000 Private Jobs Added in April – Overall Economic Growth Lower Than Expected

American companies added a further 119,000 jobs during March, considerably lower than economist projections. Despite and notable uptick from the previous months, the job market still appears to be struggling through the ongoing spring... 
Ford Plans to Double Chinese Market Share, Woo Buyers with Wave of New Vehicles

Ford Plans to Double Chinese Market Share, Woo Buyers with Wave of New Vehicles

Dave Schoch of Ford’s Asia division has confirmed that the automaker intends to increase its market share in China two-fold by 2016, which would amount to a full 6% of the country’s standard consumer auto market. The projection... 
Developing Asia Economic Growth Slow but Steady – Energy Demand Dangerous and Unsustainable

Developing Asia Economic Growth Slow but Steady – Energy Demand Dangerous and Unsustainable

The economic outlook in the developing nations of Asia is on course for rock-solid growth over the course of the next decade, which although not quite on par with the speed of economic expansion prior to the global financial crisis... 
Hawaiian Airlines Tops Table for On-Time Flights – United Airlines Takes Most Complaints

Hawaiian Airlines Tops Table for On-Time Flights – United Airlines Takes Most Complaints

The results are in and while some airlines have reasons to celebrate, others really need to look long and hard at how they can up their on-time performance in 2013 and beyond. Kicking off with one of the more positive examples, The... 
Service Industries Slowing Down, Economic Growth Cools

Service Industries Slowing Down, Economic Growth Cools

Expansion in US service industries during March was the slowest in seven months, with businesses creating fewer jobs than had been expected – all signs that the economy as a whole is taking a turn for the worst. According to the... 
White House: 2 Million Job Creations in 2012

White House: 2 Million Job Creations in 2012

The White House went on record this Friday to assure the nation that the overall US economy is well on its way back to strength, with the year ahead having been earmarked for significantly increased job growth. However, there will... 
Economic Dilemma for China Investors

Economic Dilemma for China Investors

Determining if China’s economy is on the rebound or on the skids seems to be more difficult than just understanding quarterly reports.  China supported by New York’s CBB-International reports of higher than expected revenue growth... 
Stocks Take Off After Relatively Positive Employment Report

Stocks Take Off After Relatively Positive Employment Report

Stock prices surged on Friday after the Bureau of Labor Statistics released its employment report.  Investor sentiment had been declining in the latter half of the week ever since the Commerce Department release a downbeat GDP report...