The Department of Labor released data for the week ending January 23 showing that the advance figure for seasonally adjusted initial claims dropped 16,000 from the previous week's revised level, to 278,000. The level for the week before was revised higher by 1,000 to 294,000 from 293,000. The...
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Today is earnings day, when companies report their financial results for the last quarter of 2015 to Wall Street and anxiously await the reaction from the market. Despite a strong sell-off in early January and sense of pessimism about the prospects for equities in 2016, there were a few bright...
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The Federal Trade Commission (FTC) has filed a lawsuit against DeVry University which alleges the for-profit educational institution misled students about their chances of finding a job in their chosen fields and about the salaries they could expect after graduating. In its advertising, DeVry...
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The Census Bureau has released its Advance Report on Durable Goods Manufacturers' Shipments, Inventories and Orders, revealing that orders and shipments declined in December 2015, while inventories rose for the month. Taken together, the numbers indicate a slight softening of economic activity at...
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If you spend more time in airports than you do at home, you may, or may not, already know about airport lounges. For those who suspect that the tinted glass doors hold something special but aren't exactly sure how to access it, airport lounges offer a calmer, more secure and more relaxing...
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The Federal Open Market Committee of the Federal Reserve unanimously left the fed funds rate unchanged today. The rate remains in a range between 0.25 to 0.50 percent, a range that was established by the FOMC last month. Previously, the rate had remained 0 to 0.25 percent since 2008. The Fed...
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