Economy

Nicolas Maduro Declares 60-Day Economic Emergency in Venezuela

The Venezuelan economy contracted by 4.5% from January to September of 2015.

Shoppers Expected to Boost Holiday Spending 9.1%, Surveys Predict

According to a Gallup poll, consumers' predictions of holiday spending indicate that, despite the government shutdown, retailers could see sales growth.

Government Shutdown 2013 News Update: How Shutdown May Lead to Economic Crisis

Because the U.S. government has been shut down for four straight days without an end in sight, there is a growing concern that the stalemate in congress will merge into a much more complex fight in mid-October over raising the federal debt ceiling.

Economy Sets The Agenda For Chilean President Sebastián Piñera In Washington

Chilean President Sebastián Piñera began his agenda this Monday in Washington, D.C with a lecture entitled "Competitiveness of Chile in the XXI Century: A path to development and economic growth."

Jobless Claims at Four-Month High, Cast Shadow Over Labor Market

The number of Americans filing new claims for unemployment benefits hit a four-month high last week, suggesting the labor market recovery lost some steam in March.

US Consumer Spending Goes Up With A Budding Economy

US consumers earned more and spent more during the month of February as the job market strengthened. Purchases, which account for about 70 percent of economic activity, rose 0.7 percent in February from January which is the biggest gain in five months.

Consumer Sentiment: Spending Rises In U.S. To Unexpected Levels In March

New reports show that US consumers were unexpectedly more confident than economists predicted in March from the prior month as American optimism toward the economy has been on the rise.

U.S. Stocks Up As Durable Goods Orders, Home Prices and Consumer Confidence All Rise

U.S. stocks were rising Tuesday after a boost in U.S. durable goods orders and home prices bolstered consumer confidence and growth in the world's largest economy.

$22 Hour Minimum Wage: Why Elizabeth Warren's Push For Higher Wages Makes Perfect Sense

The reality of income disparity and imbalance between the very wealthy and the 98 percent of the rest of the country has reached an all-time high. On average, CEO's at S&P 500 Index companies made 380 times more than their typical workers in 2011 while 46.2 Americans live below the poverty line. However, Senator Elizabeth Warren's proposal to combat corporate greed and wage inequality makes perfect sense.

Obama Blasts The GOP Over The Sequester: Calls Cuts "Dumb" And "Unnecessary"

President Obama expressed his frustration with the US Congress for not doing more to prevent the $85 billion in spending cuts, known as the sequester, from moving passed its deadline of March 1.

Unemployment Rate: Jobless Claims Drop by 12,000 from Last Week, Giving Total 350,000 Filing for Unemployment

Fewer people are filing for unemployment this during the holiday season, dropping jobless claims to the lowest levels since 2008.

Federal Government Launches Website for Latino, Foreign Business Entrepreneurs Designed to Provide Help with Immigration Process

For Latino and foreign businessmen, working towards the American Dream may get a little easier, thanks to a new tool found in cyberspace.

Obama Begins Fiscal Cliff 2012 Publicity Campaign, Presses Republicans to Negotiate

President Obama is beginning a push to sway the public over the impending fiscal cliff.

Economic Confidence Among Americans Continues To Increase In November, New Report Finds

A new report by Gallup shows that economic confidence among Americans in the second week of November.

Job Creation Spikes, US Unemployment Rate Slows in October Ahead of 2012 Presidential Election

According to payroll processor ADP, employment spiked in October, adding 158,000 jobs created by private employers to the economy.

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