Economy

Why the IMF Expects Global Economy to Grow at 3.9%

The International Monetary Fund (IMF) has bumped up its estimate for global gross domestic product (GDP) growth in 2018 and 2019. The forecast did come with several warnings: As the year ...
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World Adds 1 Billionaire Every Other Day

Nonprofit organization Oxfam presented a state of the world's wealth analysis before Davos, a gathering of the world's richest and most powerful people. Among the conclusions of the study is ...
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The Texas Economy Is Looking Up and Up for 2018

Not that long ago, the plunge in oil prices was acting as a huge drag on the Texas economy. Even with many parts of the country experiencing a recovery, Texas ...
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What a Government Shutdown Means

Barring a last-minute deal, the U.S. Senate looks set to allow a shutdown of the federal government to begin at midnight. What that means is that certain, nonessential functions of ...
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2017 Third-Hottest Year on Record

Last year was the third-hottest one on record and more than 1.5 degrees Fahrenheit hotter than the average for all of the 20th century. Only 2015 and 2016 were hotter. ...
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US Leadership, Commitment to Democracy Tumble Under Trump: Surveys

Two new surveys released Thursday, one from Gallup and the other from Freedom House, offer global views on U.S. world leadership under President Donald Trump and the country's long-time commitment ...
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As China GDP Surges, a Threat to US Position as Top Economy

China's gross domestic product (GDP) has been closing in on that of the United States for some time. There are predictions that China will become the number one economy in ...
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Inflation and GDP Expectations Tick Higher

There has been some uptick in estimates for fourth-quarter U.S. gross domestic product (GDP) and inflation coming into 2018. After all, the surging stock market would help support those trends, which ...
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Cybersecurity and Environment Among Problems That Trouble Global Elite

The World Economic Forum (WEF) has released The Global Risks Report 2018, a collection of polls of nearly 1,000 "experts and decision-makers." Based on the composition of the group, it is a ...
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Refinancing Student Loans Gets Mixed Report

More than 45 million Americans have borrowed $1.45 trillion in student loans to help pay for their post-secondary educations. Repaying those loans can be tough, especially if the loan amount ...
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Holiday Online Sales Up 18% to Record $108 Billion

The 2017 holiday shopping season saw online sales hit a record $108.2 billion, up 17.7% compared with 2016. Revenue generated by mobile devices rose to $35.9 billion, 33.1% of all ...
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Older Workers Driving US Job Growth

Since 2000, the number of U.S. jobs has grown by 17 million. All that growth has been among workers aged 55 and older, and some economists think that the aging ...
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Consumer Prices in December Set Stronger Inflation Pressure for 2018

Inflationary pressures seem to be building as we enter 2018. The latest reading on the Consumer Price Index is back up closer to the Federal Reserve's inflation targets. Friday's key report ...
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China Overblown Treasury Risk, but Europe, Japan and US Fed Pose Larger Risks

The recent rise in U.S. interest rates was enough that some of the bull market's biggest cheerleaders started to get at least a little nervous. It turns out that the ...
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December Small Business Optimism Dips, but 2017 Sets New Index Record

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for December slipped by 2.6 percentage points from 107.5 in November to come in ...
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