#economic-analysis

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This Is the State Where Americans Pay the Most Taxes, And It's Not California or New York

State and local tax burdens vary significantly across the U.S., influenced by local policies and economic conditions.
#biden-administration

Trump is Not Wrong!' Morning Joe's Highlights Damning Chart of Immigration Spike Over Last Four Years Under Biden

Rattner's analysis revealed troubling data about Biden's border policy, contradicting his overall positive portrayal of the administration.

Gavin Newsom says the Biden-Harris years have meant huge job increases. Is he right?

Job creation under Biden significantly outpaces the last three Republican administrations combined, according to data.

Trump is Not Wrong!' Morning Joe's Highlights Damning Chart of Immigration Spike Over Last Four Years Under Biden

Rattner's analysis revealed troubling data about Biden's border policy, contradicting his overall positive portrayal of the administration.

Gavin Newsom says the Biden-Harris years have meant huge job increases. Is he right?

Job creation under Biden significantly outpaces the last three Republican administrations combined, according to data.
morebiden-administration

Pay gulf widens between public and private sectors under Starmer

Public sector workers earn 6% more than private sector workers, with rising pay settlements widening the gap significantly.
The pay disparity is raising concerns about inflation and public spending priorities.
#cost-of-living

California has 15 of 25 priciest places to live in US

California has 15 out of the 25 most expensive metropolitan areas in the U.S., largely due to housing costs.
San Francisco is the most expensive metro area, with housing expenses dominating the high cost of living.

The 15 most and least expensive cities in the US

California dominates expensive metropolitan areas in 2023, with ten of the fifteen most costly based on regional price parity data.

NYC Has The 5th Biggest Inflation Problem In The U.S.

New York has the fifth highest inflation in the U.S. as of August 2024, trailing cities like Minneapolis and Chicago.

The UK's priciest pints revealed, as London suffers over 40% price hike in just three years - London Business News | Londonlovesbusiness.com

London has the UK's highest pint prices, significantly impacting cost of living for residents and visitors.

Back to school: Which European country pays the most for supplies?

Countries like Italy and Spain, with lower wages, experience higher costs for basic school equipment compared to wealthier European nations.

The Top 10 States With the Lowest Cost of Living-Where Your Dollar Stretches Furthest

Cost of living varies significantly across states, impacting how much goods and services residents can purchase.
Arkansas has the lowest cost of living, while California is the most expensive state.

California has 15 of 25 priciest places to live in US

California has 15 out of the 25 most expensive metropolitan areas in the U.S., largely due to housing costs.
San Francisco is the most expensive metro area, with housing expenses dominating the high cost of living.

The 15 most and least expensive cities in the US

California dominates expensive metropolitan areas in 2023, with ten of the fifteen most costly based on regional price parity data.

NYC Has The 5th Biggest Inflation Problem In The U.S.

New York has the fifth highest inflation in the U.S. as of August 2024, trailing cities like Minneapolis and Chicago.

The UK's priciest pints revealed, as London suffers over 40% price hike in just three years - London Business News | Londonlovesbusiness.com

London has the UK's highest pint prices, significantly impacting cost of living for residents and visitors.

Back to school: Which European country pays the most for supplies?

Countries like Italy and Spain, with lower wages, experience higher costs for basic school equipment compared to wealthier European nations.

The Top 10 States With the Lowest Cost of Living-Where Your Dollar Stretches Furthest

Cost of living varies significantly across states, impacting how much goods and services residents can purchase.
Arkansas has the lowest cost of living, while California is the most expensive state.
morecost-of-living

Market To Rise 18% In 2025 According To Broker

The S&P 500 has risen significantly this year, but concerns about overvaluation and corrections loom.
#technology-sector

VC funding surpasses $2 trillion in just five years - London Business News | Londonlovesbusiness.com

Global VC funding hit over $2 trillion in five years, despite slowing activity.
The U.S. dominates VC investment, securing over half of total funding.

Mystery surge in California tax revenue points to tech companies like Nvidia

California's corporate tax revenue surged due to new tax rule changes, leading to significant estimated payments from a few large companies.

VC funding surpasses $2 trillion in just five years - London Business News | Londonlovesbusiness.com

Global VC funding hit over $2 trillion in five years, despite slowing activity.
The U.S. dominates VC investment, securing over half of total funding.

Mystery surge in California tax revenue points to tech companies like Nvidia

California's corporate tax revenue surged due to new tax rule changes, leading to significant estimated payments from a few large companies.
moretechnology-sector
#tax-policy

OPINION: 50 years of French state over-spending won't be solved in one Budget

The 2025 French budget aims to reduce the deficit but may not deliver clear austerity as advertised.

Reeves's business inheritance tax shake-up 'will cost exchequer 1bn more than it raises' warn economists

Chancellor Rachel Reeves's inheritance tax changes may cost the Exchequer £1bn more than estimated, threatening family businesses and overall economic growth.

Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has enacted tax cuts larger than tax increases for individuals and corporations.
Analysis shows the tax changes under Biden will lead to a net tax cut of about $600 billion over four years.

OPINION: 50 years of French state over-spending won't be solved in one Budget

The 2025 French budget aims to reduce the deficit but may not deliver clear austerity as advertised.

Reeves's business inheritance tax shake-up 'will cost exchequer 1bn more than it raises' warn economists

Chancellor Rachel Reeves's inheritance tax changes may cost the Exchequer £1bn more than estimated, threatening family businesses and overall economic growth.

Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has enacted tax cuts larger than tax increases for individuals and corporations.
Analysis shows the tax changes under Biden will lead to a net tax cut of about $600 billion over four years.
moretax-policy
#consumer-behavior

A 'bifurcated economy' is keeping some car buyers out of the market

The automotive industry is struggling with affordability issues that impact 10-20% of car shoppers.

The Business of Themed Entertainment: A Look at the Financial Side

Themed entertainment relies on capital investment and innovation while balancing operational costs and consumer experience for profitability.

How much will turkey dinner cost this holiday season? We crunched the numbers | CBC News

Holiday grocery prices show some relief as turkey becomes more affordable, despite increases in other staple costs.

A 'bifurcated economy' is keeping some car buyers out of the market

The automotive industry is struggling with affordability issues that impact 10-20% of car shoppers.

The Business of Themed Entertainment: A Look at the Financial Side

Themed entertainment relies on capital investment and innovation while balancing operational costs and consumer experience for profitability.

How much will turkey dinner cost this holiday season? We crunched the numbers | CBC News

Holiday grocery prices show some relief as turkey becomes more affordable, despite increases in other staple costs.
moreconsumer-behavior

UK workforce set to hit record low as sickness surge takes toll on jobs market

Britain's workforce participation is projected to decline to a record low due to an ageing population and increasing health issues.
from San Francisco Chronicle
4 weeks ago

Is the S.F. Bay Area full of people making millions? This data shows a dramatic trend

The Bay Area outpaces all U.S. regions in high-paying jobs, offering many more positions exceeding $500,000, $1 million, and $2 million annually.
#real-estate

10 affordable cities poised to become million-dollar markets in a decade

Home prices in certain markets are projected to rise significantly, with modest areas near expensive metros likely to reach million-dollar valuations.

JPMorgan economist says China's housing market crash is still not over yet

China's housing market remains weak with low growth and declining prices, unlikely to stabilize until 2025.

6 global cities most at risk of being in a real-estate bubble, according to UBS

Bubble risks in global real estate have declined, with only six cities now at elevated or high risk, down from sixteen last year.

The 10 Markets That Could See the Biggest Home Affordability Gains as Mortgage Rates Drop

Falling mortgage rates are expected to improve home affordability significantly in certain metro areas, with Lakeland, FL gaining the most.

38 questions to fix California's housing mess

Housing affordability in California is a complex issue driven by rising costs and stagnant incomes over the decades.

Opinion: The myth of financing buyer agent commissions

Proposed changes to allow financing of buyer-agent commissions complicate the housing affordability issue rather than solving it.

10 affordable cities poised to become million-dollar markets in a decade

Home prices in certain markets are projected to rise significantly, with modest areas near expensive metros likely to reach million-dollar valuations.

JPMorgan economist says China's housing market crash is still not over yet

China's housing market remains weak with low growth and declining prices, unlikely to stabilize until 2025.

6 global cities most at risk of being in a real-estate bubble, according to UBS

Bubble risks in global real estate have declined, with only six cities now at elevated or high risk, down from sixteen last year.

The 10 Markets That Could See the Biggest Home Affordability Gains as Mortgage Rates Drop

Falling mortgage rates are expected to improve home affordability significantly in certain metro areas, with Lakeland, FL gaining the most.

38 questions to fix California's housing mess

Housing affordability in California is a complex issue driven by rising costs and stagnant incomes over the decades.

Opinion: The myth of financing buyer agent commissions

Proposed changes to allow financing of buyer-agent commissions complicate the housing affordability issue rather than solving it.
morereal-estate
#job-market

The most common jobs for US men and women without college degrees

Young US workers without degrees tend to fill roles in customer service and construction, with enrollment rates for college declining in recent years.

The labor market might not be as weak as it appears

The recent rise in unemployment may not accurately reflect the true state of the labor market due to temporary layoffs and people taking longer to find jobs.

California's unemployment numbers are in. How do they rank nationally?

California's unemployment rate increased to 5.4%, the second highest in the nation, with job losses observed in multiple sectors.

Lengthier job hunts for recent graduates could be major factor in unemployment rate | CBC News

Recent graduates are struggling to find employment even after multiple rounds of interviews and proficiency testing.
Youth and recent graduates are driving the increase in Canada's overall unemployment rate.

The most common jobs for US men and women without college degrees

Young US workers without degrees tend to fill roles in customer service and construction, with enrollment rates for college declining in recent years.

The labor market might not be as weak as it appears

The recent rise in unemployment may not accurately reflect the true state of the labor market due to temporary layoffs and people taking longer to find jobs.

California's unemployment numbers are in. How do they rank nationally?

California's unemployment rate increased to 5.4%, the second highest in the nation, with job losses observed in multiple sectors.

Lengthier job hunts for recent graduates could be major factor in unemployment rate | CBC News

Recent graduates are struggling to find employment even after multiple rounds of interviews and proficiency testing.
Youth and recent graduates are driving the increase in Canada's overall unemployment rate.
morejob-market

U.S. Military Spending Has Increased Tenfold Over the Last 50 Years

U.S. military spending grew significantly from 1973 to 2022, but inflation-adjusted figures reveal a more moderated increase.
#stock-market

Four tech companies just saved California from a budget crisis

California's budget forecast improves significantly due to the tech industry's strong stock market performance.

Recession fears spooked investors this week, but this is what a soft landing should look like

Weaker employment data caused stock market plunge, sparking recession worries. Expert urges calm amidst complex economic picture.

Slowdown That Points to Recession': Fox's Stuart Varney Breaks Down What's Causing Major Market Drop

Varney discusses various factors leading to stock market sell-off and hints at recession.

3 Standout Dividend Stars to Recession-Proof Your Portfolio

The stock market is high but recession risks are increasing due to inflation and slowing global economies.
It's advised to consider dividend stocks for portfolio protection against potential downturns.

Four tech companies just saved California from a budget crisis

California's budget forecast improves significantly due to the tech industry's strong stock market performance.

Recession fears spooked investors this week, but this is what a soft landing should look like

Weaker employment data caused stock market plunge, sparking recession worries. Expert urges calm amidst complex economic picture.

Slowdown That Points to Recession': Fox's Stuart Varney Breaks Down What's Causing Major Market Drop

Varney discusses various factors leading to stock market sell-off and hints at recession.

3 Standout Dividend Stars to Recession-Proof Your Portfolio

The stock market is high but recession risks are increasing due to inflation and slowing global economies.
It's advised to consider dividend stocks for portfolio protection against potential downturns.
morestock-market
#inflation

The basics of post-COVID monetary policy, explained by an economist

Economists are increasingly divided on the global economic outlook amid rising inflation and interest rates.

'Positive surprise': Germany narrowly avoids recession despite slump

Germany experienced unexpected slight economic growth of 0.2% in Q3, bolstered by government and household spending despite previous contraction.

Eurozone inflation eases but ECB likely to keep interest rates on hold

Inflation in the eurozone slowed to 2.5% in June, core inflation remained at 2.9%. ECB likely to hold interest rates due to stubborn inflationary pressures.

Mexico's economy grows 0.2% in the first quarter of the year

Mexico's GDP grew 0.2% in the first quarter of 2024, mainly due to the services sector, outperforming analysts' expectations.

The basics of post-COVID monetary policy, explained by an economist

Economists are increasingly divided on the global economic outlook amid rising inflation and interest rates.

'Positive surprise': Germany narrowly avoids recession despite slump

Germany experienced unexpected slight economic growth of 0.2% in Q3, bolstered by government and household spending despite previous contraction.

Eurozone inflation eases but ECB likely to keep interest rates on hold

Inflation in the eurozone slowed to 2.5% in June, core inflation remained at 2.9%. ECB likely to hold interest rates due to stubborn inflationary pressures.

Mexico's economy grows 0.2% in the first quarter of the year

Mexico's GDP grew 0.2% in the first quarter of 2024, mainly due to the services sector, outperforming analysts' expectations.
moreinflation
#california

Are you considered middle class in California? Use this income calculator to find out

Over half of U.S. adults belong to middle-income households, but the definition of 'middle class' varies by location and size.

Who (and where) are California's top-paid bosses?

California managers earn higher salaries compared to the national average.

Thanksgiving meals are 7% cheaper outside of California

California has the highest Thanksgiving food costs in the US, averaging $138.95, which is 7% higher than the national average.

Are you considered middle class in California? Use this income calculator to find out

Over half of U.S. adults belong to middle-income households, but the definition of 'middle class' varies by location and size.

Who (and where) are California's top-paid bosses?

California managers earn higher salaries compared to the national average.

Thanksgiving meals are 7% cheaper outside of California

California has the highest Thanksgiving food costs in the US, averaging $138.95, which is 7% higher than the national average.
morecalifornia
#fiscal-policy

Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent Presidents

America's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.

Trump's voter base relies on spending Musk's DOGE might cut

The new administration must address fiscal challenges linked to federal transfer payments that heavily support Trump-voting counties.

Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent Presidents

America's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.

Trump's voter base relies on spending Musk's DOGE might cut

The new administration must address fiscal challenges linked to federal transfer payments that heavily support Trump-voting counties.
morefiscal-policy
#housing-market

Mortgage Rates Rise to 6.79% in the Wake of Trump's Presidential Victory

Mortgage rates increased to 6.79% after the election, influenced by economic indicators and potential fiscal policy changes.

The housing market's home insurance shock, as told by an interactive map

Home insurance premiums in the U.S. have risen sharply, particularly in disaster-prone areas, driven by high reinsurance costs and increasing housing expenses.

A triple threat stalks the housing market as rates, costs, and election anxiety collide

The housing market remains stagnant despite falling mortgage rates, influenced by high home prices and economic uncertainty.

Bay Area has 3 of the most expensive US cities for renting a home

California continues to dominate the list of highest rental costs in the U.S., with San Francisco leading at over $5,400 monthly.

Forget the 30-year mortgage: The 40-year mortgage needs to become the new American standard, CEO says

A 40-year mortgage could improve home affordability by allowing lower monthly payments, catering to modern life expectancy and economic conditions.

Here's why we won't build millions of new homes

Housing starts and permits are at recession levels, contradicting claims of high demand.

Mortgage Rates Rise to 6.79% in the Wake of Trump's Presidential Victory

Mortgage rates increased to 6.79% after the election, influenced by economic indicators and potential fiscal policy changes.

The housing market's home insurance shock, as told by an interactive map

Home insurance premiums in the U.S. have risen sharply, particularly in disaster-prone areas, driven by high reinsurance costs and increasing housing expenses.

A triple threat stalks the housing market as rates, costs, and election anxiety collide

The housing market remains stagnant despite falling mortgage rates, influenced by high home prices and economic uncertainty.

Bay Area has 3 of the most expensive US cities for renting a home

California continues to dominate the list of highest rental costs in the U.S., with San Francisco leading at over $5,400 monthly.

Forget the 30-year mortgage: The 40-year mortgage needs to become the new American standard, CEO says

A 40-year mortgage could improve home affordability by allowing lower monthly payments, catering to modern life expectancy and economic conditions.

Here's why we won't build millions of new homes

Housing starts and permits are at recession levels, contradicting claims of high demand.
morehousing-market

More people are dropping out of the creator economy as those at the top get a bigger share of brand deals

The creator economy is increasingly dominated by top earners, leaving most struggling to make a sustainable income.

Average UK house price hits record high in October

Average UK house prices reached a record high in October, reflecting persistent growth despite economic challenges.

Warning over unsettling' pension trend which could wipe out savings

Pensioners are increasingly withdrawing large sums from their pensions, risking running out of funds in retirement.
#federal-reserve

October jobs report adds to a U.S. economy full of uncertainty

The October jobs report shows a stagnant job market with minimal growth ahead of the presidential election.

Labor market report is good news for mortgage rates

Lower than expected wage growth impacts mortgage rates.

October jobs report adds to a U.S. economy full of uncertainty

The October jobs report shows a stagnant job market with minimal growth ahead of the presidential election.

Labor market report is good news for mortgage rates

Lower than expected wage growth impacts mortgage rates.
morefederal-reserve
#rachel-reeves

Winter fuel cut savings will be far less than Reeves expected, new analysis finds

Rachel Reeves' cut to pensioner winter fuel payments may yield significantly lower savings due to rising claims for pension credit.
Projected savings from cuts to winter fuel payments are undermined by increased pension credit claims, challenging the fiscal strategy.

Rachel Reeves accepts budget tax rises may impact wage increases UK politics live

The IMF supports the UK budget's plan for fiscal responsibility, emphasizing sustainable revenue generation.

Winter fuel cut savings will be far less than Reeves expected, new analysis finds

Rachel Reeves' cut to pensioner winter fuel payments may yield significantly lower savings due to rising claims for pension credit.
Projected savings from cuts to winter fuel payments are undermined by increased pension credit claims, challenging the fiscal strategy.

Rachel Reeves accepts budget tax rises may impact wage increases UK politics live

The IMF supports the UK budget's plan for fiscal responsibility, emphasizing sustainable revenue generation.
morerachel-reeves
#pandemic-impact

How the World Ran Out of Everything - 99% Invisible

The pandemic exposed vulnerabilities in the global supply chain due to decades of corporate negligence and inadequate regulation.

'Bond king' Jeffrey Gundlach on recession risks, the stock market that's a long-term buy, and how often investing pros need to be right to survive

The increase in M2 money supply and unconventional economic activities during the pandemic led to an unexpected delay in the recession.

How the World Ran Out of Everything - 99% Invisible

The pandemic exposed vulnerabilities in the global supply chain due to decades of corporate negligence and inadequate regulation.

'Bond king' Jeffrey Gundlach on recession risks, the stock market that's a long-term buy, and how often investing pros need to be right to survive

The increase in M2 money supply and unconventional economic activities during the pandemic led to an unexpected delay in the recession.
morepandemic-impact

'Over 300,000' Danes could lose homes or jobs to flooding by 2100

The risk of flooding in three coastal towns could impact over 5,000 homes and cost over 8.6 billion kroner without investment in storm defenses.

Millennials 'scarred from the Great Recession and COVID' are financially outperforming Gen Xers and boomers at the same age

Millennials are financially better off than Gen X and boomers, with higher net worth and asset ownership due to lessons learned from past economic challenges.

You can see the money on screen': why Hollywood is betting on Gladiator II not being another Folie a Deux

Gladiator II's significant production investment is backed by predictive analysis, aiming for commercial success.

Here's why you should move to Massachusetts

Massachusetts isn't experiencing a pronounced population exodus, with some growth occurring despite headlines focusing on outmigration.

22 cities where homebuyers and owners will benefit most as interest rates tumble

Home affordability has improved due to declining mortgage rates, encouraging both buyers and owners to reengage with the market.

Labour used water industry analysis to argue against nationalisation

Labour's opposition to water sector nationalisation is rooted in an economically flawed analysis funded by water companies, according to critics.

Google expert at antitrust trial says government underestimates competition for online ad dollars

Google's market share is only 10% of online display advertising, undermining claims of a monopoly.
The competition in online advertising includes platforms like Facebook, TikTok, and Amazon.

London, Paris, Amsterdam are the leading VC ecosystems in Europe, report finds

Europe's VC ecosystems lag behind US and Asia, with London and Berlin as the only leaders in development.
London shines with a $99.7 billion deal value, yet challenges remain in keeping pace with global giants.
#income-disparity

Household Income in This State Rose 17% Last Year

South Dakota experienced a remarkable 17% increase in median household income, attributed primarily to agricultural success, despite varying economic factors.

People living on welfare are 'doing better' than those who work, Oireachtas study reveals

Public servants experiencing slower income growth compared to welfare recipients, with a notable increase in disability allowances and Jobseeker's Allowance.
Wage growth outpacing price increases, resulting in concerns about disparity between income growth for those in employment and welfare recipients.
Increased reliance on overseas workers in Ireland, especially evident in the ICT sector.

Household Income in This State Rose 17% Last Year

South Dakota experienced a remarkable 17% increase in median household income, attributed primarily to agricultural success, despite varying economic factors.

People living on welfare are 'doing better' than those who work, Oireachtas study reveals

Public servants experiencing slower income growth compared to welfare recipients, with a notable increase in disability allowances and Jobseeker's Allowance.
Wage growth outpacing price increases, resulting in concerns about disparity between income growth for those in employment and welfare recipients.
Increased reliance on overseas workers in Ireland, especially evident in the ICT sector.
moreincome-disparity

California apartment permits dip to 12-year low but new home construction rises

In the first half of 2024, homebuilders thrive while apartment construction declines, reflecting contrasting trends in California's housing market.

Stock Market Warning: Is This The "Dead Cat Bounce"?

The market recovery post-plunge is viewed as a 'Dead Cat Bounce', potentially setting up for further decline.

Krugman: Keep Sahm and carry on if recession rule is triggered

Mainstream economists' predictions of a 2022 recession were inaccurate due to flawed economic analysis and reasoning around inflation doomerism and the yield curve inversion. The Sahm Rule serves as an indicator for ongoing recessions, not predictions.

Lending a hand to a former student - Boston's mayor - Harvard Gazette

Boston faces a housing shortage with low construction rates.
Gathering academic analysis is essential to inform policy decisions.

City likely to increase wealth cap for minority businesses seeking contracts - Austin Monitor

The city is likely to increase the limit on personal net wealth for individuals participating in the procurement program.
The adjustment is supported by an analysis that found the city's business growth has increased the wealth of small businesses.

What to Make of the Jobs Report's Mixed Signals

Conflicting signals in the government's jobs report create uncertainty about the state of the U.S. labor market.

How Biden's border restrictions could affect the labor market

Much of the recent job market growth in the U.S. has come from lawful immigration, and the impact of the new executive order on job numbers may not be immediate.

Bank of Canada makes a rate cut for the first time in four years

Bank of Canada lowered overnight rate by 25 basis points, first cut in 4 years, potentially leading to more cuts in 2024.

MSNBC Analyst Dismantles Trump's False Economic Boasts: Not Even the Greatest Economy of the Last Two Presidents'

President Biden's economic record surpasses Trump's pre-Covid achievements, as illustrated by job growth and manufacturing job recovery.

New AI-Powered Index Promises to Provide Insight on the US Economy

AI-powered Zeta Economic Index offers new insights into the U.S. economy with behavioral data and traditional indicators for advanced predictions.

UK economy recorded no growth in April, figures show

The UK economy recorded no growth in April, with GDP remaining flat, causing concern amidst previous optimistic projections and political campaigning.
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