ADP Sets Muted Tone for Payrolls and Unemployment
ADP reported that private sector payrolls increased by less than expected in November from the prior month.
Economy
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Cooling Off the Planet by Planting More Corn
Average temperatures decreased and average rainfall increased in parts of the Midwest over the course of the 20th century. Does that mean global warming is a hoax? Not at all.
US Manufacturing Surges in November, With Price Gains Slowing Sharply
Manufacturing saw its activity accelerate in the United States in the month of November, according to the latest report from the Institute for Supply Management.
Fed Chair Powell Finally Blinks — With a Third Fed Mandate?
It seems the Federal Reserve Chair Jerome Powell is finally blinking in his communications to the public regarding the pace and determination of future rate hikes.
Why Q3 GDP Revision Soothed the Markets
The U.S. Department of Commerce has issued its first revision to third-quarter gross domestic product on Wednesday morning — with no real revision. The preliminary gain for GDP was maintained flat at 3.5% growth.…
Losses From California Wildfires Could Reach $19 Billion
History's most destructive and deadliest of California wildfires, the Camp Fire, was fully contained on Monday. Property losses from the fire and the Woolsey fire in southern California could reach $19 billion.
November Consumer Confidence Dipped From 18-Year High
The Conference Board's consumer confidence index dipped in November from an 18-year high posted in October. Consumers expect the U.S. economy to slow down in the coming months.
Plunging Oil Prices Already Biting Into Texas Manufacturing Growth, Creating More Uncertainty Ahead
The recent plunge in oil prices already appears to be taking a bite out of the Texas economic regional output.
Millennials and the Economy: Moving Out and Moving On
In the two years between 2016 and 2018, more millennials are moving out of their parents' homes, buying their own homes and getting married and starting families.
Consumer Sentiment Slides Post Election
The final University of Michigan Consumer Sentiment Index for November fell month over month from an October reading of 98.6 to 97.5. The consensus estimate from Bloomberg was calling for the final reading to…
As God Is My Witness, I Thought Turkeys Could Fly!
With Thanksgiving holiday travel officially beginning Friday, here are some tips on what food items travelers can carry on and what must be in checked baggage. And, yes, turkeys can fly.
Oxford English Dictionary’s Word of the Year Is ‘Toxic’
Once a year, the Oxford English Dictionary releases its word of the year. This year the word is "toxic."
Gasoline’s Impact on Inflation: Big October Gains, but Likely a Huge Drop in November
Wednesday's economic release calendar included a key inflation reading from the U.S. Department of Labor. The Consumer Price Index (CPI) is the key measurement of consumer inflation.
German Economy Shrinks, Raising Recession Worry
Germany's gross domestic product has contracted for a quarter, which raises questions about how enduring a recovery of Europe's economy will be at the end of 2018 and into 2019.
October Small Business Optimism Dips Slightly, Remains in Record Territory
Small business optimism is slowly retreating from all-time highs posted in August, but the National Federation of Independent Business sees continued economic and employment growth through the end of the year.