Financial related news.
WASHINGTON (AP) — Retail sales rose by the most in six months in May, as consumers spent more at home and garden stores, gas stations and restaurants. Retail sales rose 0.8 percent last month, the Commerce Department said Thursday, the largest increase since November. Excluding the volatile gas and auto categories, sales also rose 0.8 [...]
Ohio’s economy placed near the middle when compared with the other 49 states and the nation’s capital. The state ranked No. 31 overall with sub-rankings at No. 24 for economic activity, No. 30 for innovation potential and No. 41 for economic health, according to a study WalletHub released earlier this month. “U.S. economic growth depends [...]
CHARLESTON, S.C. — Housing Secretary Ben Carson says his latest proposal to raise rents would mean a path toward self-sufficiency for more than 4 million low-income households across the United States by pushing more people to find work. For Ebony Morris and her four small children, it could mean homelessness. Morris lives in Charleston, S.C., [...]
Ohio has been among the top 20 states collecting the most in state and local individual income taxes per capita from the fiscal years 2013 to 2015. Ohio ranked No. 16 with the state collecting $1,186 per person for in the fiscal year 2015, the latest available data, according to a new report from the [...]
Central Ohio’s unemployment rate decreased slightly by less than half a percentage point last month. The 10-county metropolitan statistical area’s not-seasonally adjusted jobless rate was 3.4 percent last month compared with 3.7 percent in April 2017, according to data the Ohio Department of Job and Family Services released Tuesday. The region’s civilian labor force increased [...]
NEW YORK — Interest rates are charging higher, and that can be a good or bad thing depending on whether you’re saving or borrowing. For savers, it’s a long-awaited win. After years of making virtually nothing on their money market accounts and certificates of deposit, savers are finally getting closer to keeping up with inflation. [...]
WEST SACRAMENTO, Calif. — The world’s largest teacher-only pension fund voted last week to use its financial might to pressure gun retailers across the country to stop selling military-style assault weapons and accessories like rapid-fire “bump stocks” used at the 2017 Las Vegas mass shooting. The $222.5 billion California State Teachers’ Retirement System said it [...]
NEW YORK (AP) — Begun two years ago with some big hopes, the option for small businesses to court investors through crowdfunding hasn’t turned into the windfall its supporters predicted. “A lot of dollars have been raised in crowdfunding, but it has not been the bonanza people have been expecting,” says David Lavan, a former [...]
DENVER (AP) — The loudest rallying cries from Colorado teachers protesting for more education dollars were about dwindling paychecks that are steadily losing ground to the state’s rising cost of living. Teachers usually say a persistent funding shortage, which has cost public schools $6.6 billion since 2009, led them to walk off the job and [...]
You’re looking at a $1,200 repair estimate for your ailing car when an ad catches your eye: a brand new set of wheels for a mere $450 a month. At first, dumping your old car might seem like a no-brainer — and you can’t help picturing how good you would look in that new car. [...]