Economy - Page 2

In Disaster, Freddie and Fannie Could Need $99 Billion

If the economy fades sharply as it did in the Great Recession, Fannie Mae and Freddie Mac may need $99 billion in bail out money, according to a study by ...
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France Wants to Close Tax Loopholes US Tech Firms Love

Five of the largest U.S. tech firms held $594 billion in cash in offshore accounts at the end of 2016, nearly a third of the total $1.84 trillion all U.S. ...
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North Korea: Country and Military by the Numbers

On July 28, the government of North Korea launched a missile that could theoretically reach the west coast of the United States. As with a similar test on July 4, ...
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Miami Flooding From Tropical Storm Emily Reminder of Coastal Cities at Risk From Storm Surge

Residents of Miami are cleaning up their homes and offices Wednesday as the remnants of Tropical Depression Emily exited the Florida city after dumping between 4 and 7 inches of ...
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PMI Manufacturing and ISM Manufacturing Show Growth and Mixed Reads on Inflation

While most economic reports have come in with mixed readings lately, the common theme seems to be moderate growth but with inflationary pressure that is much less than what the ...
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Personal Income and Spending Add to Weak Inflation Malaise

There is yet another disappointment on the inflation front, one weak enough that it may be one more thorn in the side of the Federal Reserve and Chair Janet Yellen ...
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Chicago PMI Shows Downtick in Growth but Higher Inflation

The Chicago Purchasing Managers' Index (PMI) had been steadily accelerating in 2017, and it reached a three-year high in June with its reading of 65.7. The July report confirmed some ...
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Fed Vice Chair Fischer Hits on Low Real Interest Rates

If there is one member of the Federal Reserve that can inspire some interest aside from Chair Janet Yellen, Vice Chair Stanley Fischer would be that person. At a speech ...
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Black Women Need to Work 7 Months Into 2017 to Get Paid the Same as White Men Did in 2016

Among the measures of income inequality for both minorities and women are the number of cents each group is paid compared to white males, who are traditionally the highest paid ...
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How All Fresh Economic Indictors Are Pointing to Weaker Inflation

It might seem counterintuitive to think that the economy needs higher inflation. Still, that's the current thinking. The problem is that the economy just is not getting enough inflation considering ...
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Chicago Fed Saw Stronger National Activity in June

The Federal Reserve Bank of Chicago may be a regional branch of the Federal Reserve, but the group releases a national economic tracker called the Chicago Fed National Activity Index. ...
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Consumer Confidence Unexpectedly Rises in July

Consumer confidence managed to improve in July. The Conference Board's Consumer Confidence Index rose to 121.1 from 117.3 in June. Bloomberg was calling for the index to dip to 117.0 ...
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How Much Do Americans Know About the Federal Reserve?

The Federal Reserve thinks the economy is strengthening and because of this, the central bank is increasing the level on its benchmark rate. The Fed has lifted rates four times ...
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CEO Pay: Enough or Too Much?

The argument over CEO pay has been raging for years. Are CEOs overpaid compared to the pay of an average worker in the company? The issue is directly related to ...
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Exceptional Drought Levels Move Toward Zero In U.S.

At one point, the U.S. Drought Monitor map showed the presence of "exceptional drought", the worst category designated by researchers, across much of California and a large portion of the ...
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