Economy

Downtown Los Angeles

Los Angeles Is Most Polluted City in America

A great deal of media coverage on air pollution covers the largest cities in China and India. Air pollution is not as bad in any U.S. cities as it is ...
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charity

Fresno Is US City Hardest Hit by Extreme Poverty

Among the cities hardest hit by extreme poverty, Fresno is in first place, according to a recent 24/7 Wall St. article titled "11 Cities Hit Hardest by Extreme Poverty." These ...
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Shoppers

Consumer Sentiment at 7-Month Low

The Thomson Reuters/University of Michigan Consumer Sentiment Index slipped from a March reading of 91 to an April reading of 89. The index reached 95.9 in April of last year. ...
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denim work shirt

US Worker Pay Growing Faster Than Inflation, but Still Slow

In its report on personal income and spending for March, the U.S. Bureau of Economic Analysis data show that personal income in current dollars grew by 0.4% month-over-month, and personal ...
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Cash register

Consumers Are Cautious Despite Income Growth

Earlier this week, the Federal Reserve kept interest rates unchanged and downgraded its assessment of domestic growth from “moderate” to “slowed.” Looking at the U.S. dollar, it still remains under pressure, ...
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European currency

Europe GDP Rises, Deflation Threat Lingers

The gross domestic product (GDP) of the euro area rose 0.6% in the first quarter of 2016 compared to the previous quarter. The number is close to the U.S. number ...
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gear set

Kansas City Fed Manufacturing Stays in the Red, but Marks 2 Months of Improvements

The markets had a busy Thursday, digesting a disappointment from the Bank of Japan without any new quantitative easing gravy train money. Then there was the first-quarter report on gross ...
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Fired Businessman

Weekly Jobless Claims Lend Further Support for Strong Jobs Market

On a morning where investors got their first formal reading for the first quarter's gross domestic product, maybe the reading for weekly jobless claims from the U.S. Department of Labor ...
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ThinkstockPhotos-185926162

GDP Manages Very Small Gain in 2016 Q1

Gross domestic product (GDP) managed to hang in positive territory for the first quarter of 2016. This hardly looks like much growth, and it gives the bears some argument that ...
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U.S. Federal Reserve

What Yet Another No-Vote for a Fed Rate Hike Looks Like

Janet Yellen and the Federal Reserve have voted to keep interest rates flat. This was exactly what the market was expecting, but the overall Federal Open Market Committee (FOMC) tone ...
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Industrial

What to Expect From Q1 2016 GDP

Thursday will mark a crucial day for just how much, or how little, the U.S. economy is growing. The initial first-quarter gross domestic product (GDP) estimate from the U.S. Department ...
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Shipping containers

Narrower Trade Deficit for Goods

The international trade deficit did not come in anywhere as high as expected in March, implying that perhaps that pesky dollar strength's trend abatement might be in the works is ...
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Wallet full of money

Economic Confidence Level at 2016 Low: Gallup

Gallup's U.S. Economic Confidence Index averaged −16 for the week ending April 24, down four points from the prior week and the lowest average in the year to date. The index ...
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percentage button

Little Chance (or None) Seen for Fed Rate Hike

This week's Federal Open Market Committee (FOMC) meeting is likely to produce no hike for the federal funds rate. Some economists feel that the rate hike risks have all but ...
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JCP appliances

Durable Goods Look Unenthusiastic for March

Many of the economic reports are turning out to be disappointing or just unenthusiastic in April and in catch-up reports for March. You can add the report measuring durable goods for the ...
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