Slow Spending Strong spending has helped buoy an uncertain economy over the past few months. But American consumers might finally be tapping out. Retail sales dipped 0.1% between October and September — the first decline since March after a strong summer for consumer spending. Economic Sales Data The sales declines were broad-based, though furniture stores…Read more
Wage Growth Wanes The pandemic affected the economy in many ways. As businesses struggled to get workers to join them for the great reopening, low-wage jobs got a juicy pay boost. Fast forward to today, that wage boost effect is waning, and that might have a knock-on effect on the economy. Economic Tides Turning As…Read more
An Unlikely Surprise Twelve years ago, a former Wall Street banker bought an old Wyoming coal mine for roughly $2 million. But it might be worth many multiples of that. Government researchers discovered rare-earth elements in Randall Atkins’s mine. More testing is underway, but the excitement extends beyond the mine’s owner. Presently, the U.S. relies…Read more
