Economy

Cows

Third-Quarter GDP Growth Decelerating

The U.S. Commerce Department has released its first read on real gross domestic product (GDP) for the third quarter of 2014, showing that GDP rose at an annual rate of ...
Read Full Story »
shipping boxes

UPS Expects Record Holiday Shipments

It is not particularly surprising that a major shipping company would disclose that the holiday season will be its busiest. FedEx already has. On the other hand, the fact that ...
Read Full Story »
144366870

FOMC Ends Asset Buying, Continues Near-Zero Interest Rate

The Federal Reserve released the minutes of the September meeting of its Federal Open Market Committee (FOMC) on Wednesday afternoon. The big news is that the FOMC voted to end ...
Read Full Story »
104772810

Why Consumer Confidence Rebounded in October

The Conference Board released some good news Tuesday morning for October’s consumer confidence, unlike the durable goods report earlier in the morning. The Consumer Confidence Index had dropped in September, ...
Read Full Story »
cargo ship

Durable Goods Orders Fall Again in September

The U.S. Department of Commerce released the durable goods report for the month of September on Tuesday morning. New orders for manufactured durable goods in September fell 1.3% to $241.6 ...
Read Full Story »
Iceland

Iceland Ranks First on Gender Gap

Men, particularly in the United States, have significant advantages over women, at least in terms of their earning power. The World Economic Forum's researchers actually claim the situation is worse ...
Read Full Story »
Texas Capitol

Texas Manufacturing Remains Strong Despite Oil Going to $80

Manufacturing activity in Texas is holding up better than many business watchers may have feared with lower and lower oil prices. The Dallas Fed Manufacturing Survey is rarely a market mover, ...
Read Full Story »
Map of United States

Federal Reserve Showing Better Economic Picture at National Level

The Chicago Federal Reserve's National Activity Index (CFNAI) rose to +0.47 in September from –0.25 in August. Three of the four economic categories made positive contributions to the index in ...
Read Full Story »
179125086

Weekly Jobless Claims Post Larger-Than-Expected Rise

The U.S. Department of Labor has released its latest installment of weekly jobless claims. The report came in at 283,000. Bloomberg was calling for 285,000. The prior week's reading was ...
Read Full Story »
shopping

Very Differing Views on 2014 Holiday Retail Sales Growth Expectations

We have seen swings in consumer sentiment and we have seen swings in economic reports while the rest of the world has been seeing a slowdown. Now the big question ...
Read Full Story »
wfm_organic

September CPI Avoids Deflation Fears

The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) Wednesday morning before the market opened. The CPI increased 0.1% in September, above the 0.0% expected by Bloomberg. ...
Read Full Story »
jobs

31% of Americans Believe It’s a Good Time to Find Job

Gallup reports that optimism about finding a job has jumped to a level rarely seen since the Great Recession. Improvement in gross domestic product, consumer sentiment and a drop in ...
Read Full Story »
Smokestacks

Another Sign Companies Expect Economic Slowdown

A carefully followed report from the National Association for Business Economics (NABE) was released for the current period, and the results were not good. The October 2014 NABE Business Conditions ...
Read Full Story »
shopping

Consumer Sentiment Soars to 7-Year High

The preliminary October reading on the Thomson Reuters/University of Michigan Consumer Sentiment Index rose to 86.4, a level not seen since July of 2007. A survey of economists by Bloomberg ...
Read Full Story »
robots

Philly Fed Positive on Manufacturing

The Federal Reserve Bank of Philadelphia has released its Business Outlook Survey for the month of October. The report suggested continued expansion of the region’s manufacturing sector. Firms reported continued ...
Read Full Story »