Higher ed is facing a ‘giant reckoning’ as blue-collar jobs prevail, Mike Rowe warns
Mike Rowe, CEO of MikeRoweWorks Foundation, examines the challenges American families face when paying for child care and considering higher education. Skilled workers advocate Mike Rowe warns that US higher education faces a ‘huge reckoning’ as more families reevaluate their options when it comes to child care and degrees. did. “I believe there is a […]
US Dollar Holding Post-FOMC Gains for Now, Gold Continues to Nudge Higher – DailyFX
US dollar and gold analysis, prices and charts The probability of a rate cut in March has been significantly lowered as Chairman Powell continues to review the data. Gold hit its sixth consecutive low despite lower interest rate expectations. Learn how to trade gold with our expert guide: Recommended by Nick Corey How to trade […]
UPS Cutting 12K Jobs, Citing Higher Costs
United Parcel Service (UPS) employees walk a “picket line practice” ahead of a possible UPS strike in Queens, New York, July 7, 2023. The Teamsters union, which represents more than 300,000 UPS drivers and warehouse workers, announced on July 5 that UPS workers have until the end of July to strike after labor negotiations with […]
Slumping EV Demand Partially Due to Higher Prices, ‘Confusing’ Tax Incentives
On Friday’s broadcast of CNBC’s “Squawk Box,” Energy Secretary Jennifer Granholm said part of the reason for the slowdown in demand for electric vehicles is that they are more expensive than gasoline-powered vehicles and “there is a confusing market for tax incentives.” said. ” asked co-host Andrew Ross Sorkin.[T]There’s obviously been a huge push from […]
Gov. Shapiro drafts plan to help Pennsylvania higher education system
Gov. Josh Shapiro has plans to address and improve Pennsylvania's higher education system, which is known for its affordability and unfavorable rankings. Pennsylvania ranks low in higher education aid, student loans, and college tuition, spending less per capita than most states. The proposed budget aims to provide significant aid to state universities, community colleges and […]
GDP Soars 3.3%, Much Higher Than Expected
The U.S. Bureau of Economic Analysis said Thursday that the economy grew much faster than expected in the final months of 2023, driven by strong consumer spending and expanding government budgets. Gross domestic product (GDP), the government's broadest measure of the economy, grew at an annual rate of 3.3%, adjusted for inflation, in the fourth […]
Gas prices climb higher as arctic winter weather impacts production: AAA
With the colder weather this week, your pump bill may have gone up. (iStock) Gas prices rose slightly this week as arctic winter weather affected gas production across the country, according to AAA. AAA said the national average cost of a gallon of gasoline rose 2 cents from last week to $3.09, reflecting a slowdown […]
US dollar finds some bids as yields tick higher – ForexLive
Despite the Fed's Goolsby's dovish comments, the US dollar is rising across the board. Markets continue to try to adjust Fed policy, with a 136 bps rate cut currently priced in for the rest of the year, bringing the rate cut in March to 55%. Bonds started the year very well and have been giving […]
A different way to finance higher education: with equity
The recent campus crisis shows that universities are not investing enough in our nation's students. This is not surprising. Incentive structures are like that. Universities are no longer nonprofit institutions focused on higher education, but businesses where presidents like Claudine Gay act as asset managers and students act like customers. These once-respected institutions claim: tax […]
Retail Sales Surge Higher Than Expected, Threatening to Ignite Inflation
U.S. shoppers eagerly reached for their wallets and credit cards in December, spending far more than expected, according to Commerce Department statistics on Wednesday. U.S. retail sales rose 0.6% from the previous month, well above expectations for a 0.2% increase. Compared to the previous year, sales increased by 4.8%. Sales of cars and trucks drove […]