Economy

three pistols

January Retail Sales Up 0.2%

The U.S. Census Bureau released advance estimates of retail and food services sales for January on Friday morning. Seasonally adjusted sales rose 0.2% to $449.9 billion, compared with December 2015 ...
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percentage button

30-Year Treasury Auction May Limit Endlessly Lower Yields

Interest rates have gone down rather than up in 2016. That is not what most market pundits and forecasters were calling for at the start of the year. Now a ...
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Smoggy Forbidden City

Will India and China Wound the Car Industry?

Not every car sold in India is made by one of the huge manufacturers in Europe, Japan or the United States. The sales these manufacturers have in China are greater. ...
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Money

Currency in Circulation Growth Rate Has Outpaced GDP Growth Rate Since Recession

Wednesday marked another day of Federal Reserve testimony: Chair Janet Yellen in front of the House Financial Services Committee. This was the first we have heard from Yellen in over ...
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Quotes

Foreign and International Banks Dominate 10-Year Treasury Auction

Another 10-year Treasury note auction has come and gone, and the auction should not be viewed as a disruptive one. The 10-year Treasury was $23 billion and the yield was ...
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U.S. Capitol Building

Janet Yellen Tones Down Rate Hike Expectations, With Outs

Federal Reserve Chair Janet Yellen is set to offer testimony in front of the Committee on Financial Services of the U.S. House of Representatives on Wednesday. This used to be ...
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warehouse

Wholesalers Running on Lower Inventories

Among this week's top economic reports is the monthly wholesale trade data for December 2015. This can impact gross domestic product revisions if they are off by much. Tuesday's report ...
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globe

US CEOs Are Among the Globe’s Gloomiest: Survey

When asked for their global economic outlook for 2016, U.S. chief executive officers were among the most pessimistic. During 2015, U.S. CEO confidence declined by a bit more than 9%, ...
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small business owner

Small Business Optimism Slips in January

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for January fell 1.3 points from 95.2 in December to come in at 93.9. ...
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Romantic Candlelight Dinner

Millennials Plan to Spend $290 on Valentine’s Day Activities

One of the memes currently making that rounds is that millennials care less about stuff like cars and houses, and more about experiences like dining out or taking vacations. More ...
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482470659

Unemployment Above 10% In Some California Cities

When the Bureau of Labor Statistics "Civilian labor force and unemployment by state and metropolitan area" for December comes out later this month, it will show that, while the national ...
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Rolls-Royce Ghost Series II

Uber Drivers to Protest at Super Bowl

Uber drivers are sick of being kicked around, at least as they see it. While the company's management gets rich on their shares (which the current valuation collapse of unicorns ...
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Shipping containers

Despite Strong Dollar, Trade Deficits Not Changing Wildly From Year to Year

International trade is reported each month, but this is what the rest of us refer to as the trade deficit. After all, each month the United States imports are far ...
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Welder

Factory Orders Down 3% in December

A report out Thursday shows mixed results in factory activity, shipping and new orders in the United States. The U.S. Department of Commerce reported that factory orders slipped by 2.9% ...
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car repair

ISM Shows Slowing Growth in Services Sector Too

Economists and investors alike are trying to determine whether the stock market correction and volatility is about a financial valuation or about serious economic woes. They are not necessarily tied ...
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