ISM Shows More Slowing Manufacturing Growth

U.S. manufacturing is continuing to slow down. The Institute for Supply Management (ISM) released its February 2015 Manufacturing ISM Report on Business on Monday, showing what was represented as the ...
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100 Million Chinese Watch Pollution Video Online

In its first two days of release, a 143-minute documentary on the vast pollution problem in China has been viewed by more than 100 million Chinese citizens on the Tencent ...
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In Spain and Greece, 25% of Adults Still Unemployed

The unemployment rate in the euro area continues to drop. In January the figure fell to 11.2% from 11.3% in December. Eurostat made that improvement the headline of its release ...
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GDP Revision Lower but Still Better Than Expected

The U.S. Commerce Department has released the preliminary reading for real gross domestic product (GDP) growth in the fourth quarter of 2014 at a seasonally adjusted annual rate of 2.2%. This ...
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A Fifth of Americans Do Not Plan to Retire

Whether it comes from financial necessity or potential boredom, a fifth of Americans do not plan to retire. The decisions could substantially alter the landscape of the U.S. job market, ...
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Oil Tanker

Forget Inflation, Labor Department CPI Shows Deflation From Energy Prices

The U.S. Labor Department has confirmed what most of us have suspected for some time: deflationary pressure from the cost of energy and commodities falling has turned into deflation. Whether ...
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Labor Department Shows Huge Jump in Weekly Jobless Claims

The U.S. Labor Department has released a somewhat disappointing reading for weekly jobless claims. Claims rose by a sharp 31,000 to a seasonally adjusted reading of 313,000. The Wall Street ...
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Finally, a Good Durable Goods Report

The U.S. Commerce Department has released its durable goods reading for the month of January. While this number is highly volatile, despite the direction of the economy, the headline number ...
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home prices

How Much Longer Can Home Prices Rise Faster Than Inflation?

No matter how you slice it, U.S. home price gains are outpacing inflation. The Case-Shiller home price index for December 2014 rose 4.6% above its December 2013 level. The consumer ...
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Janet Yellen Testimony Verdict: Very Patient on Rate Hike Timing and Degree

Janet Yellen, chair of the Federal Reserve, is delivering more good news to the financial markets in her Semiannual Monetary Policy Report to the Congress before the Senate's Committee on ...
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piggy bank

Half of Americans Fail to Save Money

The results of a new survey show that half of Americans save money, which is supposed to be the main finding of the research. More importantly, the data show half ...
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Financial Security Hits All-Time High, While Many Still Struggle With Debt

There is some mixed news today on the state of the average American’s financial situation. Some might say this is a glass half-full versus half-empty argument. Most Americans have solid emergency ...
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Texas Capitol

Texas Business and Manufacturing Suffers Further From Low Oil Prices

The Federal Reserve Bank of Dallas has released its Texas Manufacturing Outlook Survey for the month of February. Many Texans have hoped that Texas is not as reliant on the ...
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Russian Debt Cut to Junk by Moody’s

Russia's bad behavior, which has resulted in economic sanctions and the collapse of oil from over $100 in June to $50, has taken another toll. Moody's cut Russia's debt rating to ...
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FOMC Content to Remain Patient

The Federal Reserve on Wednesday afternoon released the minutes of the January 2015 meeting of its Federal Open Market Committee (FOMC). The big news is that there is no big ...
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