IMF Sours Further on Global Economy
The International Monetary Fund on Tuesday issued its mid-year revisions to the agency's World Economic Outlook. The view is not encouraging.
Economy
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Chicago Fed June Index Nears Historical Trend
The Chicago Federal Reserve Bank released its June national activity report Monday morning. The U.S. economy has moved to within a hair's breadth of the long-term trend, strengthening the case for a small reduction…
A $15 Minimum Wage Could Cost 3.7 Million People Their Jobs
The U.S. House of Representatives has passed a bill to take the federal minimum wage to $15 an hour. There is evidence that more than 3 million people could lose jobs because companies may…
More Regional Fed Data for July Points to Stronger Business Conditions Ahead
While the markets have yet to see national manufacturing data, there has been an improvement in two of the regional reports showing some live indications for the month of July.
Drinking Water in These Major Cities May Soon Become Toxic
Cleveland and Toledo face an overwhelming issue of toxic water along their shores and very possibly in their water systems.
Retail Sales Strength in June Should Be Positive Step for Q2 GDP
June's better-than-expected retail sales level should have a positive backdrop for second-quarter gross domestic product due at the end of this month.
China GDP Growth Collapses in Q2
China's gross domestic product growth rate collapsed in the second quarter to the lowest rate in 27 years.
This State Is Best Prepared for a Weather Emergency
As Tropical Storm Barry roars ashore in Louisiana and promises to dump inches of rain in the states north of it, several states in the region are very well prepared for weather emergencies, and…
Over 335,000 Homes Face Risk From Tropical Storm Barry
The NOAA has forecast that Tropical Storm Barry, or possibly a Category 1 hurricane which grows out of the storm, will hit the Lousiana coast early tomorrow morning. Aside from anxiety about the risk…
OECD Calls for Structural Changes to Meet Slowing Global Economy
The OECD's annual "Going for Growth" report was released Friday and the U.S. gets a mixed review.
As the Summer Heats Up, the Economy Cools Down
There is something to the market adage “Sell in May and go away,” and it’s not just that traders and people in general are taking vacations over the summer and business tends to slow…
This Is Why New Orleans Is Still Struggling to Regain a Third of Its Population
As Tropical Storm Barry moves toward New Orleans and still may become a hurricane, it will strike a city much smaller than it was just 60 years ago.
Democracy Is Worth 20% of a Country’s GDP, Research Shows
Over the past 50 years, countries that have switched from non-democracies to democracies show a 20-point increase in GDP as a result.
The “Stranger Things” Kids Make More Per Episode Than Most Americans Do All Year
Everybody knows that movie and TV stars make a lot more money than ordinary humans, but sometimes seeing the numbers in black and white brings home just how much they are actually paid. We’re…
June Small Business Optimism Slips on Low Sales Expectations
The small business optimism index dipped slightly in June as owners cut back on plans for new hiring and capital spending.