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News
The construction manager who quit his 9-to-5 to build something for himself
3+ day, 9+ hour ago (188+ words) Brennen Waldron quit his full-time construction job to focus on renovating a 100-year-old home for his family. Brennen Waldron, a carpenter by trade, quit his full-time job this year to focus on renovating a 100-year-old home for his family of…...
High oil prices are pushing up short-term bond yields
4+ day, 12+ hour ago (427+ words) Oil prices that top the $100-per-barrel mark have downstream effects on all kinds of things. Bonds are among them. Oil prices topped $100 a barrel after the U.S. attacked several Iranian oil tankers on Wednesday. Prices haven’t surpassed that triple-digit milestone since…...
Why this U.S.-Canada trade war is different from the past
5+ day, 9+ hour ago (463+ words) U.S.-Canada trade disputes go back to the 1870s National Policy tariffs and the McKinley Tariff of 1890, but one historian said this current moment is genuinely unprecedented. Canada imposed retaliatory tariffs on the U.S. on Tuesday. The tariffs range from 15% to 50% on American…...
As its trade relationship with the U.S. atrophies, Canada looks to Europe
6+ day, 17+ hour ago (221+ words) One idea that’s been picking up steam on both sides of the Atlantic: Canada joining the European Union. Canadian Prime Minister Mark Carney is set to address the European Parliament later this month. Given the ongoing trade war with the…...
The labor market in July showed very little movement
1+ week, 5+ day ago (410+ words) For every job seeker, there are 1.05 jobs available. The number of job openings in the U.S. didn’t change a whole lot last month, according to the fresh Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics. The JOLTS…...
The 'meh' job market hasn't slowed consumer spending much
1+ week, 6+ day ago (400+ words) Consumers are still spending. But for many, that now means dipping into savings. Economists expect more of the low-fire, low-hire labor market they’ve observed for months. Although those jobs numbers are some of the most important indicators for expert analysts,…...
Inside the business of selling people their own family photo albums
1+ week, 6+ day ago (150+ words) marketplace.org He spoke with “Marketplace” host Kai Ryssdal about his experience, which he wrote about for New York Magazine. “It was from a total stranger, and it sounded like a scam,” Pogue said. “But at the same time the…...
Was that forward guidance we just heard from the Fed Chair?
2+ week, 2+ day ago (177+ words) Fed Chair Kevin Warsh gave remarks at the annual Jackson Hole Economic Policy Symposium on Friday morning. The speech seemed to signal that the Fed will have to raise rates. Jackson Hole, Wyoming, a sleepy fly-fishing town outside Grand Teton…...
Will Fed Chair Warsh actually say anything in his big Friday speech?
2+ week, 5+ day ago (520+ words) Warsh has said that he doesn't want to forecast what the Fed plans to do. So economists are hoping for clues into how he thinks. Central bankers from around the world are heading to the mountains of Wyoming later this…...
“Put me in, coach”: Navigating long-term unemployment in the low-hire economy
3+ week, 2+ day ago (1009+ words) More than a quarter of people who are unemployed have now been out of work for at least 27 weeks. Some for much longer. When Will Thomas first got laid off last September, part of him felt relieved. He had been…...