Oil Tanker

10 Huge Countries Without Their Own Oil

The world’s 1.635 trillion barrels of proved oil reserves are not evenly distributed among the globe’s 216 nations. Just three -- Saudi Arabia, Venezuela and Canada -- account for nearly ...
Read Full Story »
Railroad Oil Tank Cars

Some of North Dakota’s 473,400 Jobs at Risk

North Dakota had 473,400 people who were employed in November. That was 21,800 people more than the same month a year ago. North Dakota also had the nation's lowest unemployment ...
Read Full Story »

North Korea One of World’s Smallest Economies

Among all the discussions of North Korea as a cyber-threat and a military threat to Southeast Asia, it is worth remembering that it has one of the smallest economies in ...
Read Full Story »
worker using torch cutter to cut through metal

GDP Revision Hits Decade High

The U.S. Commerce Department has released its revised reading on gross domestic product (GDP) for the third quarter of 2014. In a nutshell, this revised report blew the doors off ...
Read Full Story »
Federal Reserve

Federal Reserve Stays Dovish in Last FOMC Meeting Ahead of 2015

Wednesday marked the last Federal Reserve meeting for the year 2014. The big question was whether Janet Yellen and fellow members of the Fed would leave in the "considerable period" ...
Read Full Story »

Will Winter Hurt GDP Recovery?

On occasion, some set of experts will revise U.S. GDP forecasts downward. While American consumer spending remains strong, weak economies overseas may lose some of their need for U.S. exports. ...
Read Full Story »
board room

CEOs Getting More Cautious About Growth in 2015

The Business Roundtable has released its fourth-quarter 2014 CEO Economic Outlook Index, which is effectively a more muted expectation for what CEOs are thinking they should expect in 2015. CEOs ...
Read Full Story »
German flag

German PMI Contracts: Worry About Recession?

Germany is the largest nation by gross domestic product (GDP) in Europe, and its economic engine is in deep trouble financially. The carefully watched Markit purchasing managers index (PMI) report ...
Read Full Story »
Money background. Close-up.

What the Preliminary GDP Reading Means for the Holidays

The Bureau of Economic Analysis released the preliminary reading for real GDP growth at a seasonally adjusted annual rate of 3.9%. This came in above both Dow Jones and Bloomberg ...
Read Full Story »

Despite Lower Oil Prices, Texas Manufacturing Remains Relatively Strong

If there is one state that comes to mind that may be worrying about lower oil prices, Texas has to be at or at least close to the top of ...
Read Full Story »

Is Japan’s Recession Good for America?

Japan has slumped back into recession, a trend that has repeated itself off and on for years. Its gross domestic product (GDP) fell 1.6% on an annualized basis in the ...
Read Full Story »
EU flag

Eurozone GDP and Inflation Show Why Quantitative Easing Is Becoming More Certain

Eurostat has released the flash estimate for third-quarter gross domestic product (GDP) for the eurozone. The report has a mixed bias to it. The good news is that it was ...
Read Full Story »

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 »

The Best (and Worst) Countries to Grow Old In

The global population is aging rapidly. Today, there are roughly 868 million people who are at least 60 years old globally, or about 12% of the world’s population. By 2050, ...
Read Full Story »