Posts by Lauren Lyster
- Lauren Lyster at Yahoo Finance5 days ago
Consider it one one of the latest indications that conventional notions of adulthood (i.e. getting married, buying a house and having children) are on the decline: Singles now make up more than half of the adult population for the first time since the government began tracking these stats more than 35 years ago.
That's 124.6 million single Americans, or 50.2% of the population age 16 and older. That compares to 37.4% in 1976. The data, as reported by Bloomberg,comes from the Bureau of Labor Statistics via the August jobs report, and were flagged by economist Edward Yardeni.
Heidi Moore, The Guardian's U.S. finance and economics editor, says the financial benchmarks of adulthood have changed for millennials as a result of the economic times they're living through.
- Lauren Lyster at Yahoo Finance19 days ago
Plenty of lip-service has been paid to the "death" of the American mallsince the financial crisis. While some data shows the mall is still very alive, what are the country's shopping destinations doing to keep it that way when online shopping is so convenient?
Well, the future of the mall is either very convenient or very intrusive, depending on your point-of-view.
- Lauren Lyster at Yahoo Finance20 days ago
The U.S. is producing 8.5 million barrels of oil a day -- amounting to the highest production in July since April of 1987 -- and other countries are eager to get in on the fruits of the domestic energy evolution.
According to a Reuters exclusive, pressure is mounting on Washington from countries including South Korea and Mexico and the European Union to relax the U.S. ban on crude oil exports. Reuters reports drillers, too, are "stepping up their campaign[s] to loosen - or better yet eliminate -- a ban imposed after the Arab oil embargo of the 1970s, which they argue is now obsolete." (Exports of refined petroleum products are permitted.)
Advocates argue that easing or lifting the ban would boost the U.S. economy (e.g. boosting exports, investment and jobs) and stabilize oil prices globally.
- Lauren Lyster at Yahoo Finance24 days ago
For those who want the central bank to do more to try to boost the economy or think its current policies haven't been effective enough, here's a novel idea: The Federal Reserve could print money and give it away to the public. That's the provocative suggestion made in a new essay.
In Foreign Affairs magazine, Mark Blyth and co-author Eric Lonergan write, "Governments must do better. Rather than trying to spur private-sector spending through asset purchases or interest-rate changes, central banks, such as the Fed, should hand consumers cash directly."
Why? In the accompanying video, Mark Blyth, professor of International Political Economy at Brown University, talks about his idea.
- Lauren Lyster at Yahoo Finance25 days ago
With the S&P 500 (^GSPC) hanging out right around that psychologically meaningful 2,000 mark, investors may be wondering if they can still find some bargains. According to Matt Krantz, markets reporter for USA Today, the answer is yes. They can find 11 to be exact.
In a USA Today analysis of data, Krantz found 11 stocks trading below the market’s valuation, that are rated “outperform” or “buy” by Wall Street analysts and that have 18-month price targets that are at least 15% more than current levels. That was his criteria for a bargain.
- Lauren Lyster at Yahoo Finance26 days ago
Attention Instagram users: Depending on your tendencies, you may want to guard your wallets or pull them out.
Target (TGT), Nordstrom (JWN), Saks Fifth Avenue and Charlotte Russe are making it possible to directly shop on Instagram, using a new platform that allows users to seamlessly buy items they see on the retailers' feeds.
- Lauren Lyster at Yahoo Finance27 days ago
Despite the hope for a "manufacturing renaissance" in the U.S., a Wall Street Journal article reports U.S. factories continue to lose ground to rivals abroad.
The article points out that the U.S. trade deficit widened in the first half of the year, with manufactured exports (excluding petroleum on coals) rising 0.8%, below last year's 2.1% gain. Without a "strong, sustainable increase in exports, U.S. factories are unlikely to have the kind of resurgence forecast by some pundits," according to the article.
So is the U.S. manufacturing comeback not happening? Yahoo Finance Editor-in-chief Aaron Task and I examine that question in the video above, and note some of the tailwinds for U.S. manufacturing that may benefit the sector in the future.
- Lauren Lyster at Yahoo Finance28 days ago
Hey kids, want to be successful in life? Don't go to Harvard, Yale or another Ivy League college. That's the message from former Yale Professor William Deresiewicz.
Why? He lays out his view in his new book Excellent Sheep: The Miseducation of the American Elite and a July New Republic article:
Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual curiosity and a stunted sense of purpose: trapped in a bubble of privilege, heading meekly in the same direction, great at what they’re doing but with no idea why they’re doing it.
- Lauren Lyster at Yahoo Finance1 mth ago
The Kansas City Fed's annual Jackson Hole economic symposium kicks off Thursday, and Fed Chair Janet Yellen will give the keynote speech Friday morning. For most of the past seven years, the S&P 500 has rallied an average of 1.3% on the day that the Fed chair speaks, according to Bloomberg.
So will the trend continue?
It could, says Pedro da Costa, a reporter at The Wall Street Journal. He explains in the video above that the market is trying to get ready for interest rate hikes and has been on alert for any signals that might be hawkish from the Fed. (Consensus expectations are for the first rate hike in July of 2015, and signs of potential for a hike sooner are thought to impact stocks negatively.)
- Lauren Lyster at Yahoo Finance1 mth ago
More fresh reads on housing this week as an industry group reported applications for home mortgages rose last week -- driven by refinancingdemand -- and home improvement retailer Lowe's came out with second quarter earnings, lowering its outlook on sales for the year.