Economy

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Consumer Sentiment Hits Decade High

Consumer sentiment figures for January were released by the University of Michigan. The 98.1 reading was the highest that it has reached in the past decade. January 2004 was the ...
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Disappointing Q4 GDP: The Taming of Growth

The U.S. Commerce Department has released its preliminary reading on fourth-quarter gross domestic product (GDP). Though the number is lower than the firm's growth figure of 5.0% for the third ...
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Jobless Claims Hit New Decade Low

The U.S. Labor Department is out with yet another installment of its weekly jobless claims report. While many of the economic numbers have been disappointing on a larger scale, the ...
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FOMC Patient, Rates Hikes Can Be Later Rather Than Sooner

Will Janet Yellen and the Federal Reserve raise rates in mid-2015, or will they push those rate hikes out into later in the year or even into 2016? That is ...
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Politics and Uncertainty Take NBG Under $1 and Pound the Greek ETF

There is yet one more bit of evidence that financial markets and investors do not like socialist regimes and the chance of defaults. The leftist Syriza Party won Greece's most ...
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US Teachers State Pensions Near $500 Billion in Unfunded Liabilities

If you think you have retirement worries, even teachers who are on a state-run pension may be in the same boat, or even worse down the road. A new report card ...
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Smokestacks

Durable Goods So Weak That It Will Likely Lower GDP Forecasts

Each monthly report of durable goods orders can cause brief market elation or panic due to how volatile the numbers are. The U.S. Department of Commerce has reported that durable ...
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Federal Budget Deficit Projected at Multiyear Low in 2015

The U.S. Congressional Budget Office (CBO) released its Budget and Economic Outlook: 2015 to 2025 Monday morning. The non-partisan CBO now estimates that the federal budget deficit in fiscal year ...
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Small Businesses to Lift Hiring

Economists often say that small businesses employ half of all Americans. If so, the prospects of people who work at or want jobs at these companies has improved. That is a ...
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Rivers in the Sky May Help US Drought

NOAA researchers have found "rivers in the sky" that carry more water than the Amazon or Mississippi. These could be a critical factor in bringing water to the drought-damaged West. ...
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China’s Economy Still Troubled, Based on PMI

China announced its gross domestic product (GDP) grew at 7.4% last year, which was a quarter of a percent low based on analysis by economists and journalists. Some fear the growth ...
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Chinese flag

Why China’s President Just Got a 62% Pay Hike

Chinese President Xi Jinping just got a salary increase from 7,020 yuan per month (about $1,130) to 11,385 yuan (a little less than $1,850 a month). We would advise Xi ...
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global economy

IMF Cuts Global Growth Outlook

As the world's rich and powerful gather at Davos, the International Monetary Fund (IMF) had a message for them and other world leaders. The agency followed the World Bank's decision ...
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Top 1% to Have Half the World’s Wealth Next Year

The very rich, known as the 1%, will get richer soon, to the tune of owning more than 50% of the world's wealth by 2016. The organization Oxfam released a ...
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2014 Is Earth’s Warmest Year on Record

The National Oceanic and Atmospheric Administration (NOAA) reported Friday that the average combined global land and ocean surface temperature for 2014 was the highest ever recorded since record-keeping started in ...
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