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Articles tagged with: December

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Fed cuts key rate half a point

Today, as expected, the Fed cut the key interest rate to 1%. Some analysts are saying that the Fed won’t stop at 1%, if it needs to, the rate could go lower. A rate below 1% hasn’t been seen since the Eisenhower administration in the …

Retail sales have the biggest decline in three years.

Today information came out that stated that retail sales were down. Sales decreased 1.2% last month, meaning that we are very possibly facing a recession. With retail sales in the negative, the growth of the economy has probably hit a stand still and …

USA Today to raise price to $1

USA Today announced they would be raising the price of its daily newspaper a quarter to $1.00 to offset the rising printing costs.
USA Today is America’s highest circulated newspaper and is raising its prices behind The Wall Street Journal and New York Times, which charge …

JetBlue CEO cuts salary in half

David Barger became the CEO of JetBlue, a low cost airline, last year and accepted an annual salary of $500,000. While the salary cut is only active between July and December, it is his way of trying to help his company and its employees. …