Category: Business & Economy

According to a survey that was just released, 63 percent of Americans were living paycheck to paycheck in September…

As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget. As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year ago, the number of adults who felt strained was closer to 57%.

The Strategic Petroleum Reserve is being drawn down, but end consumers are using up the refined oil stocks. The implication is that US oil producers need to increase production, and will likely need to see higher oil prices.

Members of the Brotherhood of Maintenance of Way Employees Division (BMWED) rejected a labor contract with the freight railroads on Monday, sending the two sides back to the bargaining table and resetting the countdown to a potential work stoppage. Commuters, food producers, refineries and others could all be affected if there is a nationwide rail strike.