Economy - Page 2


Will Brazil Go Out of Business?

Brazil's problems spread beyond a terrible management of the Olympics and a scandal that has badly hurt its oil company, Petróleo Brasileiro S.A. (NYSE: PBR), better known as Petrobras. It goes ...
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Mt. Rushmore

The 10 Richest Presidents in American History

Hillary Clinton has released her tax returns. She and her husband, former president Bill Clinton, had income of $10.6 million last year and paid $3.24 million in federal income tax. ...
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Producer Prices and Retail Sales Show Disappointing Inflation Trends

Wishing for higher inflation sometimes just feels odd. You have to have higher prices in the future to help with growth, but it means we all have to pay more ...
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Colorado River

How the Grand Canyon Creates $509 Million for Economy

The Grand Canyon is a beautiful, long hole in the ground. It had over 5.5 million visits in 2015. Those visits produced $509 million to the economy. It also helped create and ...
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stacks of money, income

Is a $113 Billion Government Deficit in July Actually Good?

Is it even remotely possible that a government deficit of $113 billion in a single month can be construed as good news? Apparently so, at least on a relative basis. ...
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Jon's friends

Should Negative Labor Productivity Become a Political Hot Button?

As 2016 is an election year, the public is being force-fed endless rhetoric and data about what taxes are fair, how hourly wages need to rise, the wealth gap, a lack of ...
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rich poor

Billionaire Population Reaches 2,473

According to Wealth-X, the number of billionaires in the world rose slightly last year to 2,473. The group did, however, suffer a setback: Billionaires – defined as those individuals with ...
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job seeker

July Payrolls Surge Unexpectedly Higher

If you ever wondered if the economists and market participants can get it very wrong, look no further than Friday's exceptionally stronger than expected payrolls report. The U.S. Department of ...
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dominoes collapsing

Does an Overvalued Stock Market Mean a Crash Is Coming?

There is one issue that has come up for quite some time, now that the bull market is seven years old and since the Dow Jones Industrial Average (DJIA) and ...
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Flag of Great Britain

What Bank of England’s Rate Cut and Quantitative Easing Really Mean

Quantitative easing has begun to be seen as an ugly term. Now the Bank of England has decided to try to fend off more economic weakness, and hopefully avoid a ...
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Manufacturing and Production Point to Muted Payrolls and Unemployment Report

This week brought many economic reports on the services and manufacturing segments of the economy. All in all, these were mixed, but they add up to what may be a ...
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Help wanted sign

ADP Sets Up Low Expectations for July Payrolls and Unemployment

The volatility in the jobs market has created a bit of a stir around each monthly unemployment and payrolls report. Now the expectations for the U.S. Department of Labor's nonfarm ...
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U Turn

US GDP for 2016 Just Took a Sharp Turn Lower

If you ever wanted to see an economic report that makes you feel like the pundits were all full of delusion and hope rather than full of knowledge, look no further ...
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U.S. Federal Reserve

Janet Yellen and Fed Keep Rates Flat, Hint at Future Hike Chances

The Federal Reserve's Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged at its two-day June meeting. This should hardly be a surprise to any economist or ...
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jet engine

Fed Has to Deal With Worst Durable Goods Report in Almost 2 Years

The U.S. Department of Commerce has released its reading on durable goods for the month of June. Durable goods matter because they sum up what is happening in the big-ticket ...
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