Economy

Cybercrime Cost Is Almost 1% of Global GDP and Growing

Cybercrime has become such a large problem that it rose to 0.8% of gross domestic product (GDP). And that was in 2016. Based on the expansion of the problem, in ...
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Leading Economic Indicators Report Keeps Rising

Thursday's economic releases included the Conference Board's report on the Leading Economic Index (LEI), or the leading indicators. When investors and economists hear the term "leading," they might be inclined ...
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Weekly Jobless Claims Remain Eerily Low

The U.S. Department of Labor released another round of weekly jobless claims, and again it's rather low. Only 222,000 jobless claims were filed last week. The Bloomberg consensus estimate was ...
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Are Opioids Robbing the Workplace of Key Employees?

Among the observations in the 557-page Economic Report of the President and Council of Economic Advisors is the extent to which the opioid crisis has damaged the efficiency of the labor ...
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FOMC Minutes Signal Fed Not Overly Worried About Inflation and Wage Pressures

If you thought that one Federal Reserve FOMC meeting had a lot of details, there are always the expanded FOMC meeting minutes which give investors another look into how to ...
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February Flash PMI Readings Indicate Further Price Hikes and Wage Pressures

IHS Markit has released its February "Flash PMI" (Purchasing Managers Index) report. Both the manufacturing and services readings came in rather strong at 55.9. That composite reading of 55.9 is ...
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Consumer Sentiment Ignores Equity Markets, Soars on Tax Cuts

The preliminary University of Michigan Consumer Sentiment Index for February reached its second-highest level since 2004 in the first half of the month despite the carnage in the equities market ...
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Mixed Manufacturing Reports From New York and Philly Fed Reports, but Both Talk Up Inflation

Thursday was a busy day for economic reporting. The good news, at least for the equity bulls, is that the growth metrics remain intact and the market is finally figuring ...
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Even Higher Producer Prices vs Consumer Prices Not Spooking the Markets

It was just on Wednesday that the markets were somehow spooked by a higher inflation reading in the January Consumer Price Index report. This CPI came in hotter than expected, ...
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Most Americans ‘Happy’ With US Tax Law Changes

The Republican tax cut that was enacted in December is reaching Americans' paychecks beginning this month. The result is that take-home pay is increasing and the fatter paychecks are raising ...
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IRS Warns US Taxpayers of New Scam

The U.S. Internal Revenue Service (IRS) on Tuesday warned taxpayers that of a new tax scam that involves a claim by the scammers that the IRS has erroneously deposited a ...
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Are Weaker Retail Sales and Higher Consumer Inflation Really Adding Up to Stagflation?

When you get a hotter-than-expected reading on the Consumer Price Index (CPI), it means prices are going up at the consumer level. Easy enough to grasp. But what happens when ...
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Consumer Price Index Reaction Proves Markets Are Still Inefficient

Yesterday we had warned that the financial markets were bracing for the inflation card when the latest Consumer Price Index (CPI) was released. That has now come to pass, and ...
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Markets Brace for Inflation Wild Card From Wednesday’s Consumer Price Index Report

The stock and bond markets have been reintroduced to volatility. Frankly, it was long overdue, even if most investors simply do not enjoy those "whoosh" sounds of dead air when ...
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What Americans Are Willing to Go Into Credit Card Debt For

More than half of all Americans have, at one time or another, owed money to a credit card issuer. An even larger proportion — 86% — have regretted it. The ...
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