Economy - Page 2

Federal Reserve

FOMC Minutes Address Brexit Fears, Lower Rates for Longer, and More Economic Risks

The Federal Reserve has released its minutes from the June 14 to June 15 FOMC meeting. Many exceptions have been made here, but the reality is that you are still ...
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ECB

Eurozone PMI Weakest Since 2014

Brexit will make matters worse among the economies of the old European Union. In the meantime, they are bad enough. According to research firm Markit: Markit Eurozone CompositePMI® –final data ...
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Construction Laborers copy

New Construction Spending Slips Nearly 1% in May

The U.S. Census Bureau reported this morning that construction spending in May dipped by 0.8% to an estimated seasonally adjusted annual rate of about $1.143 trillion from the upwardly revised ...
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The Great Wall of China

China PMI Drops To Four Month Low

Brexit is sure to damage the economic growth of both the EU and U.K.  America's GDP growth has been lackluster. Japan's decades long financial trouble has not ended, and will ...
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Money wallet, income copy

Muted Gains Seen in Personal Income & Spending During May

Wednesday's economic report schedule was a bit on the light side, but there are still plenty of economic and international market events driving the cart. The Bureau of Economic Analysis ...
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Indian Military Parade, India

Why India Is Worst Country in the World for Business (Update)

Update of 24/7 Wall St. article which ran June 20. India's Supreme Count said it would not review a petition which would drop statutes which make gay sex a crime. ...
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Retail

Big Uptick in Consumer Confidence For June, But Cutoff Date Was Pre-Brexit Reaction

Tuesday's economic readings already showed a better than expected GDP revision for the first quarter and a gain in the S&P Case-Shiller Home Price Index. Now the Conference Board is ...
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gear set

First Quarter GDP Revised Higher, But Still Paltry

Did you ever get excited about Gross Domestic Product running just over 1 percent? If your answer is no, even if it is understandable, Tuesday may be an exception. First ...
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reprimand

Are Businesses More Worried About Regulation and Health Care Than About the Economy or Low Energy Prices?

Have you ever heard that politicians will only give the answers to the questions they want to answer, regardless of the question? It seems that businesses may now be in ...
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Welcome to Texas

Texas Manufacturing Remains Negative in June

Manufacturing activity is Texas continues to see pressure as the summer gets off to a start. The Federal Reserve Bank of Dallas has signaled that June's manufacturing weakness continues despite ...
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Shipping containers

U.S. Sees Wider Trade Deficit in May

Long live the trade deficit! For many Americans the month report on U.S. International Trade in Goods is simply called the U.S. trade deficit. After all, when was the last ...
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London, England, Honor Guard

Why British Stocks Won’t Recover from Brexit Anytime Soon

London’s FTSE 100 opened down 9% at the open after the news of Brexit hit the wires. By the end of day, the UK market had bounced 6%, making day ...
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Texas bluebonnet field and fence in spring

McAllen Texas Tops List Of Idle Young Americans

According to a new study by 24/7 Wall St. entitled "Cities With The Most Idle Youth", McAllen, TX is the leader. The research was based on several factors: There are ...
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West Virginia University

West Virginia Is State With Most Drug Overdoses

According to a study by 24/7 Wall St. entitled "10 States With The Most Overdoses", West Virginia is at the top of the list. The details: Fatal drug overdoses are ...
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Flag of Great Britain

The Most Self-Serving Reaction To Brexit? Congresswoman Gwen Moore

With the possible exception of Donald's Trump's press conference at his Trump Turnberry resort in Scotland, the most self-serving comments about Brexit by any U.S. politician came from Congresswoman Gwen ...
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