Q3 Growth not stellar, as outlined by Axios: The U.S. economy grew at a 2% annual rate during the third quarter, according to the Department of Commerce‘s initial report out today. During the second quarter, the economy grew at an annual pace of 6.7%.
How different countries look at debt, as outlined by Statista: While short- and long-term credit dealings are as old as human civilization and credit cards as we know them have been around since the 1950s, fintech firms offering a “buy now, pay later” option for almost every imaginable online purchase… Read More »Is Pay Later The Way To Go?
This has to be an indication of all the money floating around. As outlined by Axios: Two months after the federal foreclosure moratorium ended, foreclosure activity in the U.S. is at a record low. What’s happening: CARES Act protections, like forbearance and loss mitigation processes, give borrowers more time and… Read More »Foreclosure Rate At 10 Year Low
Even with Inflation showings its head consumer spending is strong. According to Axios: Consumer optimism returned this month as cases of COVID-19 dropped. The consumer confidence index rose for the first time since June, the Conference Board reported today. At 113.8, October’s gauge was higher than what economists expected, signaling… Read More »Consumer Confidence Turns Positive in October
Salaries are rising, are they outpacing inflation is another question. As outlined by Axios: America’s business leaders expect to keep shelling out higher wages to employees. Driving the news: According to a new quarterly survey released today by the National Association of Business Economists, a record high 58% of respondents… Read More »Rising Salaries
As everyday goods increase we fell the shrinking value of $, now the cause can be attributed to many items. According to Statista: Americans who want to buy a used truck or fry up some bacon and eggs for breakfast have to shell out significantly more for those items than… Read More »More Inflationary news
Another sign of inflation. According to a survey out by Axios: Here’s a fresh snapshot of America’s small business recovery — in four charts — according to a closely watched survey out today. Never before have so many small businesses reported unfilled jobs. In response, a record share are planning… Read More »Small Business Positions, Sales and Prices
With Brexit behind us, how do other members feels? As outlined by Statista: Despite Polish Prime Minister Mateusz Morawiecki reassuring the public that Poland’s place “is and will be in the European family of nations” in a Facebook statement, the possibility of a “Polexit” has been propagated by opposition leaders.… Read More »EU Member Enthusiasm
The available workers is considerably down. Some interesting stats provided by Axios: By the numbers: The labor force, which includes anyone who either has a job or is actively looking for one, ticked down by 183,000 in September (those who have stopped looking for jobs are not counted in the… Read More »Shrinking Labor Force
The price of Cotton is up dramatically as another raw material joins the inflation frenzy. Axios points out some good news for Levis: Levi Strauss uses 2 pounds of cotton in every pair of pants, CFO Harmit Singh said on Wednesday’s earnings call. To help cover its skyrocketing costs for… Read More »Cotton Picking Prices