Economics

DENVER — The Rangers weigh the rewards vs. the risks of having towering Jonah Heim set up on one knee to get his body lower for pitchers. The rewards: He’s...

Answer: 94% of investment pros underperformed (see below), so 6% outperformed.  Questions: Why do you think investing professionals struggle to "beat the market? Why do you think investors continue to invest their money with professionals despite their record of not being able to "beat the market?" Your friend says "you are better off investing with professionals instead of buying a simple index fund (e.g., S&P 500) that matches the market return." Do you agree or disagree based on the data above? Click here for the ready-to-go slides for this Question of the Day that you can use with your students. Behind the numbers (SPIVA report, 2020): A UNIQUE SCORECARD FOR THE ACTIVE VERSUS PASSIVE DEBATE There is nothing novel about the index versus active debate.

Which countries have the highest GDP per capita? This map breaks down the top 25 richest countries in the world.

JEFFERSON CITY, Mo. (AP) — Just a year ago, the financial future looked bleak for state governments as governors and lawmakers scrambled to cut spending amid the coronavirus recession that was projected to pummel revenue.

Much of the Central American country already operates outside the bounds of formal finance

This is a landmark ruling, but they have lots of people to convince

The Group of 7 nations agreed to back a new global minimum tax rate that companies would have to pay regardless of where they are based.

Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.

Sports leagues, franchises, and civic boosters tout the economic benefits of professional sports as an incentive for host cities to construct new stadiums or ar...

This article uses an extensive unique data set to investigate the efficiency of government subsides for minor league baseball teams and stadiums by measuring pe...

(Spring 2016) - In this paper, we explore the costs and benefits of hosting the Olympic Games. On the cost side, there are three major categories: general infrastructure such as transportation and housing to accommodate athletes and fans; specific sports infrastructure required for competition venues; and operational costs, including general administration as well as the opening and closing ceremony and security. Three major categories of benefits also exist: the short-run benefits of tourist spending during the Games; the long-run benefits or the "Olympic legacy" which might include improvements in infrastructure and increased trade, foreign investment, or tourism after the Games; and intangible benefits such as the "feel-good effect" or civic pride. Each of these costs and benefits will be addressed in turn, but the overwhelming conclusion is that in most cases the Olympics are a money-losing proposition for host cities; they result in positive net benefits only under very specific and unusual circumstances. Furthermore, the cost–benefit proposition is worse for cities in developing countries than for those in the industrialized world. In closing, we discuss why what looks like an increasingly poor investment decision on the part of cities still receives significant bidding interest and whether changes in the bidding process of the International Olympic Committee (IOC) will improve outcomes for potential hosts.

Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.

Amid its own internal tumult, coupled with unheard of external market conditions, Credit Acceptance Corp. has seen its loan volumes take a dive off the cliff. The Southfield-based subprime auto lender (NASDA: CACC) disclosed in a regulatory filing this week that its May "Consumer Loan assignment…

The biggest threat to President Joe Biden's vision of energizing the U.S. economy with the largest infrastructure program in decades may not be its challenging path through Congress, but a dire shortage of everything from workers to cement mills.While weeks or months of negotiations will be needed…

I'm a sucker for historical market data.I know, I know. It doesn't help you predict the future but it can help shape your expectations to allow you to emotionally prepare for a range of outcomes.

Rising inventory is one of several signs that we may have reached peak ludicrousness.

The ebbing of the pandemic has brought price increases, supply bottlenecks and labor shortages. Key indicators will show whether it’s just a stage.

Something has to change.

Nearly $1 billion in federal funding would go to Michigan small businesses, payroll and childcare under Gov. Gretchen Whitmer's economic restart plan.

Many employers report having trouble finding applicants. Economists say the labor market may simply need time to get sorted out.

LANSING — Gov. Gretchen Whitmer on Thursday proposed spending $300 million in federal COVID-19 funding to help Michigan businesses pay workers $15 an hour. State grants would cover the difference between an employee's current hourly wage and $15 for three months, as long as the business…

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Backseat in transit vans designed for quick removal was a way to skirt hefty import tariff, government says

Answer: 3.73% (vs. 2.75% for 2020-21 school year) Questions: How do you think this interest rate compares to the interest charged on credit card debt?  Average student debt is around $30,000 for college graduates. At current interest rates, roughly how much in interest would be paid over the life of a 10-year student loan? Here's a loan calculator to help with the math.  Click here for the ready-to-go slides for this Question of the Day that you can use with your students.  Behind the numbers (NerdWallet): Federal student loans will be more expensive for 2021-22 school year.

Biden administration suspended duties to allow time for negotiations over digital-services taxes on US tech companies

It's offering individual shareholders free popcorn and exclusive screenings

St. Louis Fed President James Bullard discusses the ratio of unemployed workers to job openings, along with other measures, to assess the state of the labor market.

Gardening stores are trying to keep shelves stocked as planting season gets underway.