Economy

robots

Strong PMI and ISM Not Strong Enough for the Bulls

Purchasing Managers' Index (PMI) and Institute for Supply Management (ISM) manufacturing survey were released Tuesday morning. The readings from both indexes signal a strong movement forward for manufacturing. Unfortunately, the markets ...
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Small Business Hiring Trends Look Less Robust

Paychex Inc. (NASDAQ: PAYX) is signaling a mixed bag in pre-unemployment and pre-payrolls data for the month of August. The reading only started being issued earlier this year and it ...
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Euro

Markit Eurozone PMI — Official Press Release

Economics analysis firm Markit reported that Eurozone Manufacturing PMI reached a 13-month lost in August. The official announcement: The rate of expansion in eurozone manufacturing production eased to its lowest ...
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Smokestacks

HSBC Purchasing Managers’ Index — Official Press Release

China's manufacturing activity slowed in August, according to HSBC: Chinese manufacturers saw a further improvement in overall operating conditions in August. That said, the pace of improvement eased to a ...
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shopping

Consumer Sentiment Up in August, but Outlook Dims

The final August reading on the Thomson Reuters/University of Michigan Consumer Sentiment Index rose to 82.5. A survey of economists by Bloomberg had a consensus estimate for a reading of ...
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Chicago

Chicago Business Barometer Rebounds in August

The Institute for Supply Management (ISM) and MNI Indicators have released the Chicago Business Barometer for August. The Chicago Purchasing Manager Index (PMI) rose more-than-expected last month to a seasonally ...
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credit cards

Decline in Consumer Spending Raises Concern for Deflation

In its report on personal income and spending for July, the U.S. Bureau of Economic Analysis data show that personal income in current dollars grew by 0.2% month-over-month, and personal ...
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40-Hour Workweek Actually 47 Hours Long

Only about four of 10 U.S. workers actually work a 9-to-5, 40-hour a week job. A full 50% say they work more than 40 hours a week, and just 8% ...
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US_Dept_of_Labor

Weekly Jobless Claims Little Changed

The U.S. Department of Labor released the numbers for weekly jobless claims Thursday morning. The figure remains virtually unchanged, totaling 298,000. That was only 1,000 less than the previous reading ...
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worker using torch cutter to cut through metal

Corporate Profits, Exports Boost US GDP

The first revision to real gross domestic product (GDP) for the second quarter was reported Thursday morning. The first estimate reported a sharp increase in real GDP of 4.0%, which ...
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LA Minimum Wage Could Be Among Highest in U.S.

Los Angeles could become the third California city to take action on a proposal to raise its minimum wage. The city’s mayor, Eric Garcetti, is expected to announce a plan ...
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factory

Will the 4% GDP for Q2 Hold Up in Thursday’s Revision?

The first revision to real gross domestic product (GDP) for the second quarter of 2014 will be reported at 8:30 a.m. on Thursday. The first estimate released on real GDP ...
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Credit cards

Is Higher Credit Card Debt Increasing Risks of Another Subprime Bubble?

24/7 Wall St. has been looking for anomalies in the economy to find trends since the end of the Great Recession -- trends both good and bad. You may have ...
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Tax

Companies That Have Cut Their U.S. Tax Bills the Most

The agreement between Burger King Worldwide Inc. (NYSE: BKW) and Canada-based Tim Hortons Inc. (NYSE: THI) has brought the tax inversion issue back to the front burner again. That Warren ...
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Consumer Confidence Strength Driven by Today Rather Than Tomorrow

The Conference Board has released its reading on Consumer confidence for the month of August. This is much broader than the recent consumer sentiment reading. Tuesday's headline reading "Improves Again" ...
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