Is College Worth It?
Americans have mixed views on the importance of having a degree. 47% say the cost is worth it only if someone doesn’t have to take out loans.
Economics
Are you in the American middle class? Find out with our income calculator
About half of U.S. adults (52%) lived in middle-income households in 2022, according to our new analysis of government data.
Consumers' support for trade and immigration declines, small change on higher taxes for wealthy
Joanne Hsu
American consumers view the economic impact of both trade and immigration more critically now than in 2020, according to the University of Michigan Surveys of Consumers.
The share of consumers voicing support for increased trade fell from 68% in 2020 to 54% in 2024. Unlike four year
September jobs report exceeded expectations
The unemployment rate fell 0.1 percentage point to 4.1%.
Electric cars: EU hits China with tariffs in battle for sales
The vote risks sparking a trade war as the EU looks to protect its own car makers.
Main source of chipmaking component imperiled by Helene
Hurricane Helene disrupted the only mines supplying the purest quartz used in semiconductor production.
Automation is at the heart of a debilitating port strike
Nearly 50,000 dock workers went on strike this week along the East and Gulf Coasts.
Bananas, car parts, and other items that could be delayed by port strike
Nearly three-fourths of bananas enter through the now-dark East and Gulf Coast ports.
The Jeep/Dodge/Chrysler-maker is in trouble
With the latest sales numbers, CEO Carlos Tavares is likely to remain public enemy No. 1 among Stellantis’s network of US car dealerships.
Starbucks invests in two innovation farms to help climate-proof its coffee
The coffee giant buys 3% of the world's coffee supply, which has been pressured in recent years due to extreme weather.
Oil prices on watch amid intensifying conflict in the Middle East
Global markets are holding their breath after oil prices rose yesterday in response to escalating violence between Israel and Iran.
Port strike ends as workers agree to tentative deal on wages and contract extension
The strike was the first by the ILA since 1977, and it impacted port operations at 36 different ports, including the 10 busiest ports in North America.
Unrealized Capital Gains Taxes Will Trickle Down to the Middle Class - FEE
Unrealized capital gains taxes may start by targeting the ultra-rich, but they will eventually target you.
The real reason it costs so much to go to a concert
We can’t just blame Ticketmaster and scalpers.
Here we go again. Egg prices are spiking. Here’s why | CNN Business
Supermarket prices are no longer skyrocketing – except, of course, if you’re buying eggs.
Powell indicates further, smaller rate cuts, insists the Fed is 'not on any preset course'
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market.
A potential dockworkers strike could mean product shortages and high prices ahead of the holidays
U.S. ports from Maine to Texas could shut down if a union representing about 45,000 dockworkers carries through with a threatened strike early Tuesday.
How Institutional Quality Shapes Our World - FEE
Institutions are the rules of the game that shape human behavior. They include laws, codes of conduct, and both formal and informal customs that structure
Canceling subscriptions will be a 'one-click' snap in California under new law
Newsom signed into law a bill that requires subscription services to provide a one-click option to unsubscribe, among other consumer protections.
(20) Jeff Passan on X: "With Arizona and NY winning and Atlanta losing, the full doubleheader between Mets and Braves is happening Monday. Both games will be on ESPN2. The first starts at 1:10 p.m. ET. If either team sweeps, that team and Arizona is in. With a split, the Mets and Braves are both in." / X
Both games will be on ESPN2. The first starts at 1:10 p.m. ET.
If either team sweeps, that team and Arizona is in.
With a split, the Mets and Braves are both in.
— Jeff Passan (@JeffPassan)
Get ready for more supply chain chaos
The damage of closing ports that handle an estimated 60% of US shipping traffic would be devastating and widespread across economic sectors.
US holiday spending on buy now, pay later to hit record due to debt-laden shoppers
Such services let shoppers expand their purchasing power by paying for merchandise in monthly installments.
Harris is making a 'capitalist' pitch to boost the economy as Trump pushes deeper into populism
Vice President Kamala Harris is pledging to build an economy that is both pro-business and helps the middle class as she pushes back against Republican nominee Donald Trump’s claims that she’s advancing “communist” ideas.
Why lower mortgage rates won’t lower home prices (yet)
First-time homebuyers still have to compete for a small pool of houses.
The mysterious finances of the WNBA
The league is doing better than ever — so why is it losing so much money?...
Visa and Mastercard’s swipe-fee settlement could lead to a rewards fallout
The plastic cap… After nearly 20 years of litigation, Visa and Mastercard announced a major settlement with US retailers this week to temporarily...
The Department of Justice is suing Visa
60% of debit transactions in the US run on the company’s network...
FEE (Foundation for Economic Education) on X: ""Reaching into one’s own pockets to assist his fellow man in need is praiseworthy [...]. Reaching into someone else’s pockets to do so is despicable." - Walter Williams" / X
- Walter Williams
— FEE (Foundation for Economic Education) (@feeonline)
Albert Gallatin and Jefferson’s Embargo - FEE
Note: This is the second of three essays about America’s longest-serving Treasury Secretary, Albert Gallatin. Part One can be seen here. All three are