Michael E. Kanell

Business and Economics Reporter

Economics writer Michael E. Kanell covers business, jobs and housing for the AJC.

Latest from Michael E. Kanell

Warren blasts SunTrust purchase, condemns Amazon auction
 Her campaign is pegged to a populist call to level the playing field of American economic life. It’s an idea that U.S. Sen. Elizabeth Warren has long championed. As a Harvard law professor and bankruptcy expert, Warren was an architect of the Consumer Financial Protection Agency, which was created in the wake of the Great Recession...

Posted: a day ago

Her campaign is pegged to a populist call to level the playing field of American economic life. It’s an idea that U.S. Sen. Elizabeth Warren has long championed. As a Harvard law professor and bankruptcy expert, Warren was an architect of the Consumer Financial Protection Agency, which was created in the wake of the Great Recession...
Home sales slump in Atlanta, prices still rising
 The number of home sales in metro Atlanta dropped 11 percent in January compared to a year ago, according to a report issued Tuesday from Re/Max Georgia. “Like the rest of the country, Atlanta home sales cooled off in the new year,” said Jeff LaGrange, Re/Max vice president. The report covered 28 counties. Among the...

Posted: 3 days ago

The number of home sales in metro Atlanta dropped 11 percent in January compared to a year ago, according to a report issued Tuesday from Re/Max Georgia. “Like the rest of the country, Atlanta home sales cooled off in the new year,” said Jeff LaGrange, Re/Max vice president. The report covered 28 counties. Among the...
Here’s why your tax refund will be smaller


Sometimes a tax cut doesn’t feel like a tax cut.
The Tax Cuts and Jobs Act, passed in late 2017, cut tax rates for most Americans, but that doesn’t mean that refunds will be larger.

Posted: 10 days ago

Sometimes a tax cut doesn’t feel like a tax cut. The Tax Cuts and Jobs Act, passed in late 2017, cut tax rates for most Americans, but that doesn’t mean that refunds will be larger.
Charlotte notches another win over Atlanta in bank wars
 Back in 1994, when college basketball’s Final Four tournament came to Charlotte, N.C., pop-up restaurants and bars were set up downtown, former Mayor Pro Tem Lynn Wheeler said. Vacant buildings were temporarily fronted by cardboard facades, almost like a movie set. The city wanted to give a sense of hustle and bustle, she recalled....

Posted: 14 days ago

Back in 1994, when college basketball’s Final Four tournament came to Charlotte, N.C., pop-up restaurants and bars were set up downtown, former Mayor Pro Tem Lynn Wheeler said. Vacant buildings were temporarily fronted by cardboard facades, almost like a movie set. The city wanted to give a sense of hustle and bustle, she recalled....
Merger means SunTrust name will come down from Braves park
 One way or another, it looks like the Atlanta Braves are going to be playing in a park that will not be named SunTrust. The $66 billion acquisition of SunTrust by BB&T Corp. means the two huge banks will be merged into one company under a new name, which has yet to be decided, officials said Thursday. It will be headquartered in...

Posted: 15 days ago

One way or another, it looks like the Atlanta Braves are going to be playing in a park that will not be named SunTrust. The $66 billion acquisition of SunTrust by BB&T Corp. means the two huge banks will be merged into one company under a new name, which has yet to be decided, officials said Thursday. It will be headquartered in...
Atlanta gas prices likely to climb from here
 See that in your rear-view mirror? That’s this year’s low gas prices. You’ve probably already seen as low as prices will go for 2019. Gas prices have edged up the past few days from three-year lows, and increases are likely to continue through late in the spring, thanks to a mix of national and global forces, according to...

Posted: 18 days ago

See that in your rear-view mirror? That’s this year’s low gas prices. You’ve probably already seen as low as prices will go for 2019. Gas prices have edged up the past few days from three-year lows, and increases are likely to continue through late in the spring, thanks to a mix of national and global forces, according to...
Super Bowl economic bonanza? Depends who’s talking
 The annual debate about a Super Bowl’s economic impact is almost as much of a ritual as the coin toss before the game. No one questions that a lot of money is flowing into Atlanta: Tens of thousands of people are pouring into the city, staying at local hotels, eating at restaurants and attending more than a week’s worth of concerts...

Posted: 22 days ago

The annual debate about a Super Bowl’s economic impact is almost as much of a ritual as the coin toss before the game. No one questions that a lot of money is flowing into Atlanta: Tens of thousands of people are pouring into the city, staying at local hotels, eating at restaurants and attending more than a week’s worth of concerts...
Worldpay cutting 234 jobs (that’s one-third of its staff) in Atlanta
 Worldpay is cutting 234 jobs in Atlanta, about one-third of its staff in the city, according to a filing with the state’s Department of Labor. The payments technology firm was once a rapidly growing part of Atlanta’s tech scene. It was acquired a year ago by Vantiv, a London-based firm. In 2014, the company was...

Posted: 22 days ago

Worldpay is cutting 234 jobs in Atlanta, about one-third of its staff in the city, according to a filing with the state’s Department of Labor. The payments technology firm was once a rapidly growing part of Atlanta’s tech scene. It was acquired a year ago by Vantiv, a London-based firm. In 2014, the company was...
Fans flock downtown for pre-Super Bowl fun
 With Super Bowl 53 just days away, downtown Atlanta has become one giant tailgate. The Georgia World Congress Center, next to Mercedes-Benz Stadium, is home through Feb. 2 to the Super Bowl Experience Driven by Hyundai, 800,000 square feet space of games, exhibits, music, autograph sessions and more. Fans can admire the Vince Lombardi...

Posted: 25 days ago

With Super Bowl 53 just days away, downtown Atlanta has become one giant tailgate. The Georgia World Congress Center, next to Mercedes-Benz Stadium, is home through Feb. 2 to the Super Bowl Experience Driven by Hyundai, 800,000 square feet space of games, exhibits, music, autograph sessions and more. Fans can admire the Vince Lombardi...
Atlanta federal workers, businesses remain wary after shutdown deal
 Workers and businesses dependent on federal government jobs, paperwork or loans reacted with a mix of relief and trepidation Friday to news of a funding breakthrough. People are anxious to get back to business, but the five-week shutdown left a backlog of unpaid bills, frozen credit, stymied businesses and idled farmers. And looming three...

Posted: 28 days ago

Workers and businesses dependent on federal government jobs, paperwork or loans reacted with a mix of relief and trepidation Friday to news of a funding breakthrough. People are anxious to get back to business, but the five-week shutdown left a backlog of unpaid bills, frozen credit, stymied businesses and idled farmers. And looming three...
Atlanta adds jobs, but unemployment up
 Metro Atlanta finished 2018 with stronger job growth than the year before, adding 69,300 across a range of sectors, according to a report released Thursday by the Georgia Department of Labor. The region had a better than average December, with 8,600 new jobs in play. That capped a year in which strong gains came in a range of sectors, from...

Posted: 29 days ago

Metro Atlanta finished 2018 with stronger job growth than the year before, adding 69,300 across a range of sectors, according to a report released Thursday by the Georgia Department of Labor. The region had a better than average December, with 8,600 new jobs in play. That capped a year in which strong gains came in a range of sectors, from...