Philly Fed Manufacturing on Fire: DJIA Holds Above 17,000

The Federal Reserve Bank of Philadelphia has released its August Business Outlook Survey, and the report was a hot one that likely will increase expectations on other Fed readings for ...
Read Full Story »

Leading Economic Indicators Show Continued Growth

The Conference Board reported that the Leading Economic Index had increased 0.9% in July to 103.3, following an increase of 0.6% increase in June, and following a 0.6% gain in ...
Read Full Story »

Weekly Jobless Claims Continue With Strength

The U.S. Department of Labor has released its reading on weekly jobless claims. People who applied for jobless benefits decreased by 14,000 to 298,000. This was a decline from the previous level ...
Read Full Story »
road fork sign

Israel’s Economy by the Numbers

Israel has an outsized effect on world politics for a nation the gross domestic product (GDP) of which is not among the 40 largest in the world. The International Monetary ...
Read Full Story »

Fed Minutes Show Sooner Timeline for Rate Hikes, Maybe, If …

The Federal Reserve has released the minutes of its July 29 to 30 FOMC meeting. While it has been broadly expected that the Fed will keep rates on hold, there is one ...
Read Full Story »

Melbourne Is World’s Most Livable City

In yet one more survey of the best cities to live in, most livable cities, most affordable cities and best places of foreigners to live, the Economist Intelligence Unit (EIU) ...
Read Full Story »
ten dollars

$100 Is Worth $115.74 in Mississippi, Only $84.60 in DC

Apparently, $100 is not worth $100 everywhere in America. At least that is the conclusion of a study from the Tax Foundation, which has provided this sort of information since 1937. ...
Read Full Story »

Ukraine’s Next Crisis? Economic Disaster

By Robert Bensh for Ukraine's next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, ...
Read Full Story »

CPI Shows Tame Inflation in July

The U.S. Labor Department gave us the formal inflation reading for the month of July on Tuesday morning. The good news is that inflation concerns have abated. July’s Consumer Price ...
Read Full Story »
Online shopping

E-commerce Share of Retail Sales Rises to Record High

Retail e-commerce sales in the U.S. reached a new high of 6.4% of all retail sales in the second quarter of 2014 according to the U.S.Census Bureau. That is an ...
Read Full Story »

Fresh Ukraine-Russia Tensions and Fighting Dominate Markets Friday (Update-Final)

This was almost looking like a great week for the stock market, but geopolitical news interrupted this positive trend late on Friday morning and markets took a sharp turn for ...
Read Full Story »

Consumer Sentiment Looking Soft in August

The Reuters/University of Michigan consumer sentiment index was released on Friday morning. Consumer sentiment for mid-August was reported at 79.2. The Bloomberg economists estimate was much higher at 82.3, and the range of ...
Read Full Story »

Capacity Utilization Hits Highs Not Seen Since 2008

The dual report on industrial production and capacity utilization for the month of July was released on Friday. While these were basically inline with estimates, there are some points worth ...
Read Full Story »

Empire Manufacturing Rises Much Slower Than Expected

The New York Federal Reserve released the Empire State Manufacturing survey on Friday. The survey showed that business conditions continued to improve for New York district manufacturers, but the gains were ...
Read Full Story »
Stock Split Image

PPI Shows Taming Wholesale Inflation

The U.S. Labor Department Friday morning released the Producer Price Index (PPI) for July, which effectively measures wholesale inflation. As a reminder, this is PPI reading now measures final demand. ...
Read Full Story »