Last Updated Feb 28, 2018 9:29 AM EST U.S. economic growth was revised down slightly to a still-solid 2.5 percent rate in the final three months of last year.The Commerce Department says the fourth-quarter advance in the gross domestic product, the economy's total output of goods and services, followed even faster increases of 3.1 percent in the second quarter and 3.2 percent in the third quarter.Wage income was revised significantly. "Wage income is now +4.6% [year-over-year] in Q4, instead of 4.3%," Jim O'Sullivan, chief U.S. economist at High Frequency Economics, wrote in a note.Consumer spending raced ahead at the fastest pace since the spring of 2016, but the strong gain was slightly lower than previously reported. That pulled down the overall GDP figure from an initial estimate of 2.6 percent. For the year, GDP rose 2.3 percent, a significant pickup from 1.5 percent in 2016. … [Read more...] about U.S. economy grew 2.5 percent, matching expectations
Economy
Trump at one year: Low job approval, but economy is good
Last Updated Jan 18, 2018 10:32 AM EST By Jennifer De Pinto, Fred Backus, Kabir Khanna and Anthony SalvantoA year after President Donald Trump was sworn into office, he continues to receive historically low and highly partisan approval ratings, despite widely positive views of the economy. He gets at least some credit for the economy, but most Americans don't feel they've personally benefitted from his policies – only 22 percent think they've been directly helped. As he prepares to give his first State of the Union address, thirty-seven percent of Americans approve of the job Mr. Trump is doing as president. He has lower ratings at the one-year mark than past presidents -- 58 percent now disapprove. Americans overall are feeling upbeat about the economy and the President gets some credit for that. Sixty-seven percent say the economy is very or fair good – a figure that has been at the 60 percent level or higher since Mr. Trump became president. Even half of … [Read more...] about Trump at one year: Low job approval, but economy is good
Is the circular economy an untapped business opportunity?
In association with Experts and businesses at The Circulars explain how building enterprises around the sustainable model can improve both their environmental impact and competitiveness. Robotics expert Matanya Horowitz did not need to be a genius to see the business potential of artificial intelligence (AI) during his studies at the California Institute of Technology. More useful was a dose of entrepreneurialism. While his tech colleagues were piling into “hot” industries, such as autonomous cars and drones, this 30-year-old chose to take a distinctly less sexy route: garbage. “When I focused on recycling, I realised that there was a large untapped opportunity,” explains Mr Horowitz, who’s now the co-founder of AMP Robotics, which is pioneering the use of robotic tech With no human help, its “Cortex” robot can distinguish between hundreds of individual items of rubbish on a conveyor belt and then automatically retrieve those … [Read more...] about Is the circular economy an untapped business opportunity?
Turn economy tickets into first class with these genius tricks that will make your flight WAY more lavish
WE’RE all wishing and hoping that we’ll get a first class upgrade when we check into our flight – but these are few and far between. However it might actually be easier than you think to make your flight a little bit more luxury – with some careful planning. We’ve put together a list of tips so you can pretend like you’re a VIP on board – even if you’re paying rock-bottom prices for your economy seat.Picking a decent seat What do you want from your seat? If it's more leg room, you'd do well to pick an exit-row seat. And make sure you opt for a window seat, which will mean people aren't clambering over you to get to the loo. A website like Seat Guru can help you to find the seat you really want by showing seating maps on board flights. Then you can pick one that suits you. Bag a space in an airport lounge Those in business and first class will get to relax in comfort and style before a flight - and get a free bar while they're at it. These … [Read more...] about Turn economy tickets into first class with these genius tricks that will make your flight WAY more lavish
Poll: Long Island optimistic on Trump policies on the economy
A majority of Long Islanders surveyed said they believe Donald Trump's economic policies will be good for the local economy, according to a Siena College Research Institute poll of 703 registered voters conducted on behalf of the Long Island Association. How those respondents broke down along demographic lines: GoodBadDon't know TOTAL513315 Nassau503317 Suffolk533314 PARTY Democrat255717 Republican801010 Independent/ Other553411 AGE 18-34483814 35-54543214 55+503218 GENDER Male592318 Female454213 POLITICS Liberal216811 Moderate513217 Conservative78913 EDUCATION No college642214 Bachelors' or higher404217 EMPLOYED Yes493616 No562915 HOME Own533116 Rent483913 INCOME 572716 $50K-$100K473815 $100K+543412 The poll, taken on Dec. 8 and … [Read more...] about Poll: Long Island optimistic on Trump policies on the economy