Marilyn Geewax appears in the following:
Outlook For Wages Brightens, But Not So For Wall Street
Monday, January 25, 2016
If you are getting spooked by plunging stock prices, you may be trying to figure out where the economy is heading.
Here's one new sign that better days are coming:
In the latest survey of business economists, most — 58 percent — say their companies plan to raise workers' ...
Once Upon A Time, Congress Cut Deficits; Now CBO Says That's Over
Tuesday, January 19, 2016
For six straight years, Americans watched their government's borrowing shrink.
Then last month, that trend towards less and less borrowing suddenly came to an end. Congress overwhelmingly passed a federal budget that included a $680 billion tax-cut package, which President Obama signed.
Now the nonpartisan Congressional Budget Office says the ...
Wall Street Traders Get Mauled By The Rampaging Bear
Friday, January 15, 2016
On Friday, Wall Street traders got the same treatment as the main character in The Revenant: A big fearsome bear attacked again and again.
By the close, stock prices were badly mauled. The Dow Jones industrial average lost 2.4 percent of its value, tumbling 391 points to close at 15,988.
...For Oil Drillers And Retirement Savers, This Is Not A Good Day
Friday, January 15, 2016
This day is starting out really nasty if you happen to be an oil driller — or a baby boomer who would like to retire with a nest egg.
Through the night and into the morning, the price of oil has been falling. You can now buy a barrel for ...
GE Brings Things To Life In Boston; Lights Out In Connecticut
Wednesday, January 13, 2016
Fair to say this was a brilliant day for Boston.
General Electric Co. announced on Wednesday that it will be moving its headquarters from Fairfield, Conn., to Boston, starting this summer.
That decision makes Boston the winner of an intense competition among dozens of cities — all hoping to ...
State Of The Obama Economy: Far Better, But Still With Many Troubles
Monday, January 11, 2016
When President Obama first took the oath of office seven years ago this month, the U.S. economy was so battered that many economists were pondering the possibility of another Great Depression.
The fears were real: Employers were cutting 796,000 jobs; the auto industry was facing bankruptcy; private foreclosures and ...
The Employment Outlook For 2016 Is Looking Much Brighter
Friday, January 08, 2016
After a week of gloomy news about China, the U.S. economy came shining through on Friday, offering a surprisingly bright jobs outlook for 2016.
The U.S. economy is on track for "higher productivity, good job gains — and the supply of potential workers expanding fast enough" to allow companies to ...
China's Woes Are Growing, Along With A Debate: Is It 2008 Again?
Thursday, January 07, 2016
Panic-driven stock selling. Financial turmoil. Commodity price crashes. Layoffs.
Sound familiar?
Those were among the troubles piling up as the economy was tanking in 2008.
And today, many of those same phrases are turning up in headlines: Stock prices are plunging; China is devaluing its currency; prices for oil and ...
If You Like Cheap Gasoline, January May Be Your Lucky Month
Wednesday, January 06, 2016
Like cheap gasoline?
Then you're in luck. Experts say gas prices very likely will keep falling. That's because a report released Wednesday showed a sharp increase in gasoline inventories.
The U.S. Energy Information Administration said that last week, companies added another 10.6 million barrels of gasoline, creating the biggest ...
Troubles Are Up In The Middle East, But Oil Prices Are Down. Huh?
Tuesday, January 05, 2016
Oh, the irony.
Historically, when political tensions increased in the Middle East, the price of oil rose too. Buyers of oil worried that conflicts could interrupt drilling or interfere with oil-tanker access to waterways. In theory, when risks rise, so do prices.
But in recent days, even as tensions have ...
Arguably, These Are The 5 Business Stories That Shaped 2015
Sunday, December 27, 2015
In late 2008, Americans were getting crushed by an avalanche of bad business news.
Financial systems were melting down, jobs disappearing, homeowners defaulting and auto companies heading for a cliff. With so many contenders, picking that year's five biggest stories was tough.
In contrast, 2015 looks almost placid. Unemployment steadily ...
No Crystal Ball? Here's Help With 2016 Economic Forecasts
Monday, December 21, 2015
Every investor celebrating Christmas this week would love this gift: a really good crystal ball.
It'd be so helpful to look right through the orbuculum and glimpse the future prices of stocks, bonds and gold bars.
Unfortunately, no such ball exists. Our next best option is to turn to economic ...
Winners And Losers Tucked Inside The Spending And Taxing Bills
Thursday, December 17, 2015
For years, critics have been fulminating while watching lawmakers take little or no action on crucial spending and taxing matters.
This week, at least, the "do-nothing Congress" label won't stick.
On Thursday, the U.S. House approved a massive package of tax breaks worth $622 billion, voting 318-109. On Friday, the ...
Federal Reserve Announces Hike In Short-Term Interest Rates
Wednesday, December 16, 2015
The Federal Reserve on Wednesday announced liftoff for short-term interest rates — a launch that may send many borrowing costs higher in 2016.
The 0.25-percentage-point increase — to a range of 0.25 percent to 0.5 percent — in the federal funds rate was small but important because it signals the ...
These 7 Charts Can Help You See What The Fed Is Doing
Tuesday, December 15, 2015
Brace yourself: News outlets are about to hit you hard with coverage of the Federal Reserve's decision Wednesday on interest rates.
That's because nearly everyone believes the Fed is going to raise interest rates for the first time since June 2006. If that does indeed happen, the federal ...
For Millennials, Rising Interest Rates Sound Like Olden Tales
Monday, December 14, 2015
Millennials, gather 'round. This is a tale you might find hard to believe, but it's true:
A long, long time ago, there was such a thing as an interest rate hike. Really!
Yes, back before mankind had Twitter or iPads or even iPhones, your parents used to worry about interest-rate ...
The Tipping Point: Most Americans No Longer Are Middle Class
Wednesday, December 09, 2015
Americans have long lived in a nation made up primarily of middle-class families, neither rich nor poor, but comfortable enough.
This year, that changed, according to the Pew Research Center.
A just-released analysis of government data shows that as of 2015, middle-income households have become the minority. The trend ...
More Jobs, Cheaper Gas And Rising Stocks Help The Economy Look Up
Saturday, December 05, 2015
No question, this was a traumatic, sad week because of the mass shooting in San Bernardino, Calif. It's not easy to turn to good news.
But putting grief aside for a moment, there were indeed positive developments for the country in recent days. With cheaper energy, more jobs and higher ...
In The Highway Bill, Some Find Road To Riches, Others Hit A Pothole
Thursday, December 03, 2015
When Congress completes a five-year transportation bill this week, it will mark the first time in a decade that Americans will be moving forward with a long-lasting plan.
Big infrastructure projects take years to complete, so it's vital to have enduring funding, White House spokesman Josh Earnest said at a ...
Bill Gates And Other Billionaires Pledge To Take On Climate Change
Monday, November 30, 2015
The United States and 19 other countries on Monday promised to work toward doubling their spending over five years to support "clean energy" research.
At the same time, 28 private investors, including Microsoft's Bill Gates, Facebook's Mark Zuckerberg and Amazon's Jeff Bezos, pledged their own money to help build private ...