Two planned NFL stadiums, in LA and Vegas, have projected costs higher than $2 billion — and it's unlikely they will have a positive impact on the local economy.Read More »
As companies try to understand consumer behavior, data scientists are in high demand. Boasting a median base salary of $110,000 and a job-satisfaction score of 4.4 out of 5, data scientist was ranked No. 1 on the “Best Jobs in America” list in 2016 and 2017 based on the number of job openings, salary and overall job satisfaction. It was followed by devops engineers ($110,000 a year) — which combines development, testing and operations — data engineers ($106,000 a year), tax managers ($110,000 a year) and analytics managers ($112,000 a year). And the No. 1 skill most in demand for data scientists? The programming language Python (sought after in 72% of Glassdoor job postings), followed by R (64%),
S&P Ratings cut China's sovereign debt rating one notch to A plus from AA minus, its first such action since 1999, saying a long period of borrowing has increased China's economic and financial risks. The move comes just weeks ahead of the Communist Party's October meeting, where the government is expected to project a message of stability despite the rise in lending across the economy. The SPDR S&P 500 ETF Trust (SPY) moved fractionally lower.
A healthy gain in the stock market and steadily increasing home prices boosted Americans' household wealth this spring, a trend that likely adds to the nation's inequality. The Federal Reserve said Thursday Americans' net worth rose 1.8 percent to $96.2 trillion in the April-June quarter.