Economy

desert

Temperatures Rise Above 110 Degrees in India and Algeria

Earlier this month, India recorded its highest-ever temperature of 123.8 degrees Fahrenheit in a town in the northwest part of the country. Saturday morning, the city of Ramgundam recorded a ...
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Car crash

439 People Expected to Be Killed in Memorial Day Crashes

Car accidents across the United States have fallen year by year, due to a combination of drunk driving addressed by MADD, better cars with improved safety features, and likely better ...
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Money

US Treasuries Dodge Saudi Bullet; Inflation Expectations at 8-Year High

It now appears that the U.S. Senate’s unanimous vote on a bill that would have exposed the Saudi Arabian government to American lawsuits over alleged involvement in the 9/11 attacks ...
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sadness check box

Mixed Bag in Consumer Sentiment Revision

The University of Michigan released its monthly revision for consumer sentiment in May. Its preliminary report two weeks ago had a reading of 95.8, a gain of seven points and the highest ...
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small shop

Q1 GDP Revision Higher, Yet Disappointing

Economic growth is generally measured by the gross domestic product (GDP). First-quarter GDP growth saw a revision, and it raised to 0.8% from the prior 0.5%. This report was incredibly slow, and ...
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Antarctica

Temperature in Antarctica Drops to Minus 90 Degrees

As Americans head into the Memorial Day holiday and the beginning of summer, at the southern end of the planet winter is on its way. A weather station on Antarctica ...
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passenger cabin

Durable Goods Strength Skewed by Aircraft Orders

Thursday's report on durable goods was, no pun intended, quite durable. The headline report showed a gain of 3.4% in the month of April. This was handily higher than the ...
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Pittsburgh

Pittsburgh Is Best City for New College Grads

A new study claims that of the top 10 cities for new college graduates not a single one is in the tech hot areas on the West Coast. All are east ...
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Gross domestic product

Fitch Trims US GDP Expectations for 2016, Raises China GDP View

Throughout the first quarter of this year, particularly the first six weeks when markets were in free fall, it was more than common for global organizations, analysts and economists to issue ...
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Air travel

Will Durable Goods Bring Another Disappointment?

If there is one economic release that can bring big swings to expectations, it is the monthly durable goods report. This is also one of the most volatile of all economic ...
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Shipping containers

Narrower Trade Deficit Seen in April 2016

Wednesday was not a major day for economic releases, but we did get a look at the latest data for international trade in goods. The trade deficit for April 2016 ...
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Money

Household Debt Trends Improve in Q1 2016, With Bankruptcies Way Down

The Federal Reserve Bank of New York has released its report measuring household debt and credit developments in the first quarter of 2016. Though it is a regional Fed bank issuing ...
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Services for the elderly copy

Philly Fed Stands Firm in May, Sort Of

The Federal Reserve Bank of Philadelphia's top economic report is the Philly Fed Manufacturing report, but this Fed branch also releases data on non-manufacturing firms. Respondents to the May Nonmanufacturing ...
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ThinkstockPhotos-185926162

US at Full Employment: SF Fed President John Williams

In an economics discussion on Monday at the Council on Foreign Relations, San Francisco Federal Reserve Bank President John Williams said that he believes the United States is "basically at ...
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Greek fishing boats

IMF Calls for More Greek Debt Restructuring

Greece is back in the news. The good news about Greece is that they are not back in the news on the verge of an impending default, nor is Greece ...
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