Financial related news.
SACRAMENTO, Calif. (AP) — The first data from an experiment in a California city where needy people get $500 a month from the government shows they spend most of it on things such as food, clothing and utility bills. The 18-month, privately funded program started in February and involves 125 people in Stockton. It is [...]
Central Ohio had several positive markers in the U.S. Conference of Mayors’ 18th annual report and forecast of metropolitan economies. With more than 1.1 million people employed in the region, the metro area leads Ohio in job gains, experiencing 16.2 percent job growth. "Our cities need to continuously innovate in order to thrive. In Columbus, [...]
Timing is everything when it comes to saving for the holidays. The longer you have to build up cash reserves, plan your budget and buy gifts at the right price, the better you can cover these seasonal costs without going into debt. Avoiding debt around the holidays can save you from a spending hangover in [...]
Central Ohio’s unemployment rate was 3.8 percent last month, unchanged from August 2018, according to data the Ohio Department of Job and Family Services released Tuesday. The rate is not seasonally adjusted. The 10-county metropolitan statistical area’s civilian labor force increased to 1,110,400 workers last month — 25,800 more than August 2018. But there were [...]
DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14 percent, their biggest single-day jump in years, but retreated Tuesday, reversing [...]
NEW YORK (AP) — They're simple, cheap and now the most popular way for many people to invest in the U.S. stock market: index funds. Last month, for the first time, the number of dollars invested in funds tracking the S&P 500 and other U.S. stock indexes eclipsed those in funds run by managers trying [...]
FAIRFAX, Va. (AP) — A $50 million gift made earlier this year to Virginia's largest public university was given specifically to "promote the conservative principles of governance," newly released documents show, raising concerns from critics that it compromises academic freedom at the school. George Mason University announced the gift earlier this year — the largest [...]
ELKHART, Ind. (AP) — Economists are warning that a downturn in shipments of recreational vehicles from the northern Indiana county that calls itself the "RV Capital of the World" suggests an impending recession. More than 80 percent of recreational vehicles sold in the U.S. are produced in Indiana, and roughly 65 percent of those come [...]
WASHINGTON — Nerves are being frayed by a global economy that increasingly looks breakable. Growth is stalling. Factory output is down. Oil demand is off. U.S. tariffs on China have slowed trade. Investors have crowded into government bonds and sent interest rates sliding in a way that has often preceded a recession. So is a [...]
NEW YORK — The stock market is a much less crowded party than it used to be. In the late ’90s, when a bevy of hot dot-com companies were rushing to sell their shares on public markets, investors had more than 7,500 U.S. stocks to choose from. The dot-com bust culled many of those stocks, [...]