5 Things to Watch in the S&P CoreLogic Case-Shiller Home Price Index
National home prices, measured by the S&P CoreLogic Case-Shiller Home Price Index, will be released Tuesday morning. Economists forecast a 6.5% 12-month increase for the 20-city index. Data released tomorrow for February 2018 will indicate whether housing prices will...
Five Things to Watch in the March Housing Starts Report
March’s housing starts report will be published Tuesday, and economist's predictions are focused on a modest gain in single-family starts concentrated regionally in the south and the west. Here are five things to look for in the report. A rough March or builders in...
Five Things to Watch in the Retail Sales Report
The U.S. Census Bureau releases its advance monthly retail sales report for March on Monday. Economists surveyed by Bloomberg are forecasting a 0.4 percent increase in the headline number, the first gain for a relatively unimpressive quarter. Here are five things to...
Eateries are going cashless. What will happen to tips?
On the edge of the Potomac in Washington, D.C, a family-owned music venue called Union Stage, which opened this past December, is one of several businesses in a new development called The Wharf that does not accept cash payments—for tickets, at the bar or anywhere...
US house price surge continued into the start of 2018
The prices of homes across the US continued to grow into the start of 2018, preserving the ongoing trend of price gains in the American housing market. The S&P CoreLogic Case-Shiller national index, which measures the price of a typical single-family home in major...
Solar Industry Seems Poised to Cope with Solar Tariff
There’s been a lot of concern from both from Congress, and the solar industry over the solar tariff President Trump signed into law almost two months ago. The 30 percent tariff on imported solar cells and modules was imposed to spur domestic manufacturing, but has...
Trump Tax Cuts Put More Money in Americans’ Pockets. They Stashed Rather Than Spent.
Americans stashed rather than spent their initial earnings boost from the recently passed Republican tax cuts, putting off the economic surge many onlookers expected. Consumer spending grew at a sluggish 0.2 percent pace in February, the first month companies adjusted...
Durable Goods Report Rise at Fastest Pace Since Last Year
Durable goods orders rose in February following January’s decline, signaling that firms are starting to invest in equipment. Orders jumped 3.1 percent in February, according to the U.S. Census Bureau. Orders for nondefense capital goods excluding aircraft, jumped 1.8...
New York City Taxi Drivers Fear Driverless Cars Could Drive Away Business
Frandy Estez has been teaching at Queens Knowledge Seekers Taxi School the same for about seven years. He said it’s a great alternative to driving a taxi. “It gives me more security,” said Estez, who moved to New York City from Puerto Rico about 15 years ago....
Five Things to Watch in the International Trade Report
The advanced trade report for February came out last week, and the deficit is expected to increase. Trade has been a hot topic of conversation in the wake of Donald Trump’s tariffs. Here’s what you can expect when the full report comes out later this week. 1) Both...