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Author: Paul Davidson, USA TODAY

Money

What is a bull market? As S&P 500 index swings back, here’s what you should know

June 9, 2023Paul Davidson, USA TODAYComments Off on What is a bull market? As S&P 500 index swings back, here’s what you should know

The S&P 500 index just returned to being in a bull market. What is a bull and bear market? And does it mean clear sailing for stocks?

Money

Are we in a recession? US economy has been remarkably resilient so far

June 9, 2023June 9, 2023Paul Davidson, USA TODAYComments Off on Are we in a recession? US economy has been remarkably resilient so far

Since early 2022, economists have pushed out recession forecasts. But manufacturing is shrinking, home prices are falling. Are we in a recession now?

Money

That summer job before college? It comes with a raise. Teens cash in on hot labor market

June 8, 2023June 8, 2023Paul Davidson, USA TODAYComments Off on That summer job before college? It comes with a raise. Teens cash in on hot labor market

Teenagers are benefiting from a strong job market as many employers still struggle to find workers. Wages for teens are higher than last summer.

Money

5 signs the job market is cooling despite the blockbuster May jobs report

June 5, 2023June 5, 2023Paul Davidson, USA TODAYComments Off on 5 signs the job market is cooling despite the blockbuster May jobs report

There are signs the job market is losing steam despite the booming 339,000 payroll gains highlighted in the May jobs report.

Money

May jobs report released: Booming 339,000 jobs added as unemployment rises to 3.7%

June 2, 2023June 4, 2023Paul Davidson, USA TODAYComments Off on May jobs report released: Booming 339,000 jobs added as unemployment rises to 3.7%

Employers added 339,000 jobs in May despite high interest rates and inflation. Unemployment rose to 3.7%

Money

Is there a labor shortage? It’s easing in most places, but not much in the South. Here’s why.

June 1, 2023June 1, 2023Paul Davidson, USA TODAYComments Off on Is there a labor shortage? It’s easing in most places, but not much in the South. Here’s why.

Worker shortages are easing across the U.S. but remain more prominent in the South. The region accounts for most of the nation’s deficit in employees

Money

As debt ceiling deal passes House, stock futures take milestone in stride

May 31, 2023Paul Davidson, USA TODAYComments Off on As debt ceiling deal passes House, stock futures take milestone in stride

S&P 500 futures were largely unchanged after House passed a debt ceiling deal that would let U.S. avoid default. Investors have long expected a deal

Money

To default or not to default: What debt ceiling deal means for the economy and your wallet

May 27, 2023May 30, 2023Paul Davidson, USA TODAYComments Off on To default or not to default: What debt ceiling deal means for the economy and your wallet

As the White House and Congress near a deal to raise the nation’s debt ceiling, what a deal – or what no deal – would mean for you and the economy.

Money

What is Social Security? How does it work?

May 24, 2023Paul Davidson, USA TODAYComments Off on What is Social Security? How does it work?

What is Social Security and how does it work? The program that serves about 70 million Americans is in the spotlight because of debt ceiling, solvency

Money

Powell says Fed interest rates may not need to rise as much amid banking stress

May 19, 2023Paul Davidson, USA TODAYComments Off on Powell says Fed interest rates may not need to rise as much amid banking stress

Fed Chair Powell said officials may not have to raise the fed funds rate as much due to banking system stress. He added risks are “more balanced”

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