The U.S. Labor Department said Friday that the unemployment rate hit 5.8 percent in October, but does that rate tell the real story?» Read More
Cash is king in America as nonfinancial companies hoard more cash than ever before, according a new report from Moody's Investors Service.
U.S. nonfinancial businesses rated by the firm sat on $1.64 trillion in cash at year-end, a 12-percent increase from the end of 2012.
Apple remains the top cash titan, accounting for 9.7 percent or $159 billion of the total cash last year, up from $137 billion the previous year. Interestingly, Apple's cash hoard is larger than the total amount of every sector, except tech and health care/pharma.
The U.S. Labor Department said Friday that the unemployment rate was 6.7 percent in February—but does that rate tell the real story?
A number of economists look past the "main" unemployment rate to a different figure the Bureau of Labor Statistics calls "U-6," which it defines as "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers."
In other words, the unemployed, the underemployed and the discouraged — a rate that still remains high.
As millions of Christians head to their local churches for Ash Wednesday, a report from Giving USA Foundation shows that donations made to religious organizations have slowed of late.
Americans gave religious organizations $101.54 billion in 2012, down just 0.2 percent from 2011—but that's a 2.2 percent decline when adjusted for inflation, the report showed. Still, religious organizations—mostly houses of worship—receive the largest share of total U.S. donations, claiming 32 percent of charitable dollars.
America loves its burgers. Tacos, too. Also sandwiches. Really anything that's relatively cheap and can be gotten and eaten quickly.
Bank CEOs had a very good year in 2013—millions and millions of dollars worth of good.
Compensation for top executives at the big banks rose substantially last year, according to the most recently released data.
Think New York City is the most burdensome place to live in America? Or maybe Los Angeles?
Forget it, not even close.
The office of the chief financial officer of the District of Columbia produces an annual report looking at combined tax burdens (income, property, sales and auto) at five different household income levels for a family of three in the largest city in each state.