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Inflation pressures raising expectations for rate hikes
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Economy Published in 2-2-2019
375 Visits
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WASHINGTON - Inflation pressures appear to be building in the U.S. economy, a prospect that is heightening anxiety about potentially higher borrowing rates that could slow economic growth.
The latest source of concern was a report Wednesday that showed a key measure of inflation rising in January by the sharpest rate in a year. The increase was led by higher prices for clothing, housing and auto i ...>>
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Reference: www.chron.com
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Lexus tops vehicle dependability study for 7th straight year
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Economy Published in 2-2-2019
259 Visits
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DETROIT - Lexus is the most dependable vehicle brand for the seventh consecutive year in J.D. Power's annual survey.
Porsche, Buick, Infiniti and Kia round out the top five brands in the survey. The worst performers were Chrysler, Land Rover, Fiat, Jeep and Cadillac.
The survey measures problems that vehicle owners experience after three years of ownership. For this year's survey, J.D. P ...>>
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Reference: www.chron.com
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Children's author Asher expelled from writer organization over harassment
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Economy Published in 2-2-2019
24 Visits
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NEW YORK - Best-selling children's author Jay Asher has been expelled from a prominent writers organization because of allegations about sexual harassment.
Lin Oliver, executive director of the Society of Children's Book Writers and Illustrators, said this week that Asher had violated the society's harassment code. He was banned last year, but the news only came to light with the ri ...>>
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Reference: www.chron.com
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Tax overhaul may mean more acrimonious divorce negotiations
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Economy Published in 2-2-2019
229 Visits
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NEW YORK - President Donald Trump's tax law could make divorce an even more miserable experience, according to a new survey of the nation's top matrimonial attorneys.
Almost two-thirds of respondents said they expect divorce negotiations to become more acrimonious following a change to the tax treatment of alimony, a poll by the American Academy of Matrimonial Lawyers showed. The new law ...>>
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Reference: www.chron.com
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8 things that will be more expensive in August
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Economy Published in 2-2-2019
384 Visits
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As the summer season starts to wind down, you'll find plenty of discounts from retailers that are trying to clear their shelves. But that doesn't mean you're going to score a great deal on everything you see.
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Reference: www.chron.com
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Texas' robust economic expansion could be slowing
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Economy Published in 2-2-2019
779 Visits
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A slight decline in job growth and a cooling off of the Texas housing market may be signs that the state's robust economic expansion could be starting to slow, according to a report by the Federal Reserve Bank in Dallas.
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Reference: www.chron.com
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Texas unemployment falls to record low
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Economy Published in 2-2-2019
670 Visits
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The unemployment rate in Texas hit a historic low in October, plunging to 3.7 percent, as the state's employers boosted payrolls for a 28th consecutive month, according to government data.
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Reference: www.chron.com
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Recession worries dispelled by Herculean jobs report
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Economy Published in 2-2-2019
481 Visits
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Any fears of an impending recession were likely dispelled Friday after the Labor Department reported the biggest monthly job gains in more than two years and wages climbed the fastest in nearly a decade, showing that the near-record economic expansion still has plenty of momentum.
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Reference: www.chron.com
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Texas employment growth likely to slow in 2019
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Economy Published in 2-2-2019
77 Visits
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Employment in Texas is expected to slow considerably in 2019 due to falling oil prices, tariffs and trade uncertainties, according to an economist with the Federal Reserve Bank of Dallas.
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Reference: www.chron.com
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Texas reports strong GDP growth
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Economy Published in 4-3-2014
830 Visits
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While the energy industry contributed the most to economic growth in Texas, durable goods manufacturing - which includes the making of oil and gas field machinery - was also an important factor for the state.
Sparsely populated North Dakota grew by 13.4 percent last year, led by energy exploration and production but also helped by strong growth in construction, wholesale trade and transportation ...>>
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Reference: www.chron.com
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Tax issues sock personal incomes in U.S., Texas
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Economy Published in 4-3-2014
43 Visits
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Personal income dropped 1.2 percent nationwide during the first quarter which ended March 31 -and dipped 0.9 percent in Texas during that same period - largely because of a couple of unusual tax-related circumstances, the U.S. Bureau of Economic Analysis reported Friday.
The holiday - in which employees saw their portion of Social Security taxes cut from 6.2 percent to 4.2 percent during 2011 and ...>>
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Reference: www.chron.com
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Clothing and fuel send local price index higher
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Economy Published in 4-3-2014
560 Visits
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Area residents paid more for clothing, gasoline and college tuition and fees during the two-month period, the bureau reported.
"Clothing prices are extremely seasonal, to say the least," said Cheryl Abbot, regional economist with the bureau in Dallas, referring to the 4.9 percent rise between July and August.
The increase reflects higher prices for housing, electricity, natural gas and restauran ...>>
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Reference: www.chron.com
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Job growth decent for 2014
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Economy Published in 4-3-2014
773 Visits
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The Houston area is expected to create 65,000 new jobs next year, said Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston.
That represents a year-over-year gain of 2.2 percent.
Gilmer, who made his remarks at an annual economic forecasting luncheon Thursday that was attended by more than 800 business leaders, also predicted that the Houston area will end u ...>>
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Reference: www.chron.com
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