Economy - Page 2

Gasoline pump

Economic Confidence Keeps the Streak Alive

The U.S. Economic Confidence Index, tracked by Gallup since 2008, remained at its +3 level for its third consecutive week running. However, the index has been positive for the past ...
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A 21st Century Drought May Ruin Part of US

The drought that has persisted for two years, particularly in California, has been described as the worst one in the region for decades. For much of the United States, the ...
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Consumer Sentiment Far Short of Estimates

The preliminary consumer sentiment figures for February have been released by the University of Michigan. The reading was 93.6, which was down from the previous reading of 98.1, the highest ...
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Map of United States

CEOs Rate US as Most Important Market

In the 1980s, many heads of large global companies believed the future of their success was in Japan. Its economy was a juggernaut, which fell apart and has never been ...
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Big Unexpected Surge in Weekly Jobless Claims

The U.S. Department of Labor has released the most recent report on weekly jobless claims. For the week ended on February 7, initial claims came in 25,000 above the previously ...
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Ukraine Gets $17.5 Billion From IMF

Troubled by both war and the threat of financial collapse, Ukraine got a lifeline from the International Monetary Fund (IMF). The agency put in place a four-year extended fund facility ...
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Maersk container ship

Moody’s: Low Oil Prices Will Not Help Global Growth

A drop in crude prices will not help global growth. So says Moody's Investor Services. The research firm's analysts claim the reason is simple: too much of the world's economy is ...
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With Low Gas Prices, Why Are Consumers Staying So Frugal?

With falling gas prices, accelerated job growth and low interest rates all currently in play, you would think that consumer spending would increase. The natural outcome should be for consumers ...
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USDA Projects Farm Income to Drop 32% in 2015

The U.S. Department of Agriculture (USDA) released an updated summary of its Farm Income and Wealth Statistics on Tuesday, and U.S. farmers appear to be in for a tough year. ...
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waiter, services sector

January Small Business Optimism Slips From 8-Year High

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for January dropped 2.5 points from 100.4 in December to come in at 97.9. ...
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Average Tax Refund Hits $3,539

Based on new statistics released by the U.S. Internal Revenue Service, the agency is having a banner year, but so are taxpayers. Refund levels are so strong that they might join ...
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Moody’s Reviews Greece for Potential Downgrade

Moody's, the credit research service, has expressed doubt about the future of Greek debt. Moody's disclosed:: Moody's Investors Service has today placed Greece's Caa1 government bond rating on review for ...
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Huge Revisions Move Unemployment

The U.S. Department of Labor released the January Employment Situation report Friday morning. Employers across the United States fell behind in hiring in January from December’s revised numbers. The long ...
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EU flag

Can You Trust the New Higher Growth Forecasts in Europe?

What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you? It spells an economy in trouble. ...
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Euro Area Economy Expected to Grow 1.3% in 2015

The European Commission (EC) has gone out on a limb. Its Winter Economic Forecast has put improvement of gross domestic product (GDP) at 1.3% for the euro area in 2015 and 1.9% ...
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