Economy Now

Instant reaction and smart charts on economic trends.
Author Archives: Steve Hargreaves
  • Are you delaying your start in the workforce?

    CNNMoney's #YourEconomy series moves beyond the numbers to look at the people who make up our economy.

    Our latest question: Are you delaying your start in the workforce?

    Are you a millennial who's not working, looking for work, or going to school or raising kids? Tell us what you're doing instead of working and you could be included in an upcoming story on CNNMoney.

    Your name and comments will not be published without MORE

    - Apr 21, 2013 4:44 PM ET
  • Wine exports surge ... from Florida and New Jersey?

    The last few years have been ripe for U.S. vintners. Wine exports have surged 64% since 2007.

    While most exports still come from California, other states are getting in on the game. New York has long been known for its growing wine industry, but Florida and New Jersey are nursing start-up vineyards as well.

    The top overseas destinations for U.S. wine are the U.K. and China, according to the Southern United States MORE

    - Mar 15, 2013 3:24 PM ET
  • Readers rage about the rich and taxes

    CNNMoney's story about how the top 10% of taxpayers paid 70% of the nation's federal income taxes, even though they received just 45% of the income, took off like wildfire in the social media world.

    Nearly 4,000 people commented on the piece. It also generated tons of tweets and was recommended more than 8,000 times on Facebook . Some people liked it:

    https://twitter.com/JasonSchoeny/status/311834644444217344

    And we got some backhanded compliments:

    https://twitter.com/goldenATX/status/311502740767514624

    "The rich pay majority of MORE

    - Mar 13, 2013 11:32 AM ET
  • Tesla's Elon Musk fires back at the New York Times

    Electric car maker Tesla fired back at the New York Times Wednesday, claiming the paper falsified a recent story about the company's "Model S" vehicle running out of juice during a long range test drive and leaving the writer stranded in the cold Connecticut countryside.

    In a blog post on the company's website, Tesla (TSLA) founder Elon Musk accused Times writer John Broder of unplugging the car before it received a MORE

    - Feb 14, 2013 12:40 PM ET
  • Drones become big business

    The U.S. military is increasingly using unmanned aircraft systems like these in its operations.

    That means big money for the companies that make them.

    Companies benefiting from this spending include Northrop Grumman (NOC), General Atomics, Lockheed Martin (LMT), Boeing (BA), Israel Aerospace, and Textron (TXT). All numbers in this story, except those for the F-35, were provided by IHS Jane's Principal Analyst Derrick Maple.

    It's estimated that drones make up 31% of the MORE

    - Feb 11, 2013 10:10 AM ET
  • The facts about oil and gas under Obama

    During Tuesday night's debate, Mitt Romney accused President Obama of presiding over a decline in oil and gas production from federal land and waters.

    Was he right?

    The chart above shows that oil production on federal property did in fact decline by 13% last year, according to the U.S. Energy Information Administration. But that was mostly the result of the moratorium imposed after the BP spill in 2010.

    Overall, oil production in MORE

    - Oct 18, 2012 5:00 AM ET
  • Matt Damon fracking film backed by big OPEC member

    Matt Damon's new film on fracking, "Promised Land", is generating some buzz -- though probably not the kind studio execs were hoping for.

    Last week, the conservative think tank Heritage Foundation pointed out that in the trailer for film, one of the financial backers listed is Image Nation Abu Dhabi.

    Image Nation Abu Dhabi is, in turn, owned by Abu Dhabi Media - a state media company for the United Arab Emirates. MORE

    - Oct 1, 2012 12:54 PM ET
About This Author
Steve Hargreaves
Steve Hargreaves
Senior Writer, CNNMoney

Steve Hargreaves is a senior writer covering economic, energy and environmental issues at CNNMoney. Previously, he worked out of Istanbul and Bangkok, and has been published in the Village Voice and the Australian Financial Review. He tweets at @HargreavesCNN

Overnight Avg Rate Latest Change Last Week
30 yr fixed3.81%3.85%
15 yr fixed3.05%3.07%
5/1 ARM3.21%3.16%
30 yr refi3.79%3.83%
15 yr refi3.06%3.06%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
Powered by WordPress.com VIP.