Economy - Page 2

Venezuela to Launch Own Cryptocurrency: the ‘Petro’

When you are the president of a country where inflation is rampant, infrastructure is crumbling and there is not enough food on the shelf, the obvious answer to all these ...
Read Full Story »

Economists See No Recession Next Year, Forecast for Accelerated Growth

The National Association for Business Economics' NABE Outlook is among the most carefully watched forecasts for economic growth. Its December survey shows that those questioned say a recession next year ...
Read Full Story »

Amid Market Turmoil, Q4 GDP Forecasts Gets Big Fed Upgrade

On a Friday, when the markets had been glued to headlines around tax legislation, and then again Flynn-Russia-Trump news, the Federal Reserve's view on U.S. gross domestic product (GDP) for the ...
Read Full Story »

ISM and PMI Readings Look Strong for November, but Under Expectations

It was just on Thursday that the markets hit all-time highs, based on continued growth and on hopes for tax reform. That tax reform passage still looks close, but it ...
Read Full Story »

Inflation Gathering Steam in Europe as Unemployment Declines

Not that long ago, the European Central Bank decided to trim the monthly bond purchases and commit to keeping interest rates low. After all, negative interest rates have been a ...
Read Full Story »

Americans Are Making More and Spending More

Should it be a surprise that Americans are spending more as their income rises? The U.S. Department of Commerce released a strong reading on personal income and outlays (spending) for ...
Read Full Story »

US GDP Growth Hits 3-Year High

It was no secret that the economic activity was looking stronger in 2017, but now the talk of getting back to 3.0% growth in gross domestic product (GDP) is more ...
Read Full Story »

Consumer Confidence Hits 17-Year High Rather Than an Expected Drop

The Conference Board has released its latest view on consumer confidence, showing that it remains at a 17-year high. November's index for confidence rose to 129.5 in November from 126.2 ...
Read Full Story »

OECD Sees Global Growth Hitting 7-Year High

The global growth story continues. The Organization for Economic Cooperation and Development (OECD) is reporting that the global economy is on pace to have the best year of growth since ...
Read Full Story »

October Sees Wider Trade Deficit

The U.S. Department of Commerce has released its October monthly reading for international trade, and the deficit in goods rose by 6.5% to −$68.3 billion. Bloomberg had projected a −$64.8 ...
Read Full Story »

Texas Manufacturing Growth Slows in November

The Federal Reserve Bank of Dallas has released its monthly Texas Manufacturing Outlook Survey for November. This was one of the regional issues to watch from the impact of Hurricane ...
Read Full Story »

The Earth Is Getting Much Brighter, Which May Not Be Good

The earth is losing its night. As new, more efficient, and cheaper artificial lighting becomes more available, people tend to offset the savings by using more light. Half of Europe ...
Read Full Story »

Eurozone Growth Reaches Multiyear High

Just as the U.S. economy has hit long and rapid strides in employment, consumer confidence, and GDP growth, the Eurozone has followed suit. According to new data from IHS Markit, ...
Read Full Story »

Consumer Sentiment Dips, Still Beats Estimate

The University of Michigan Consumer Sentiment Index slumped from an October reading of 100.7 to a November reading of 98.5, a 2.2% month-over-month decrease.  Economists polled by Bloomberg were expecting ...
Read Full Story »

Durable Goods Orders Tumbled in October

The U.S. Department of Commerce reported on Wednesday that October's reading on durable goods contracted by 1.2% to $236 billion month over month. The consensus estimate from Bloomberg called for ...
Read Full Story »