Financial News
Housing Industry Facing Worker Shortage
Home builders are having a tough time finding workers, according to key movers within the industry. Less workers means higher labor costs and longer completion times, which will ultimately cause the prices of houses to go up. During the 2008 recession, housing development ground to a halt, causing many workers to lose their jobs. Many […]
Posted in Financial News
US Auto Sales Projected to Fall in 2017
Early reports based on the first 13 days of the month indicate that the US auto industry did not have a good April. According to industry consultants JD Power and LMC Automotive, US auto sales in April of 2017 are projected to fall 2 percent compared to April of 2016. The same reports predicted that […]
The Decline of Big Box Retail
An epidemic of closures has plagued the retail industry in the first quarter of 2017, a trend that will likely continue through the rest of the year. Credit Suisse recently released a report indicating that more than 8,600 brick-and-mortar stores will likely shut down before the year’s end, over four times the number closed in […]
Chinese Economy Continues to Accelerate for Second Straight Quarter
According to a recent Bloomberg report, the first quarter of 2017 marked a continued acceleration of the Chinese economy. Combined with acceleration in the last quarter of 2016, this marks the first back-to-back acceleration in the Chinese economy in seven years. This news come amidst reports of subdued consumer spending in the United States. Projections […]
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