Chicago Fed Slips in July
The Chicago Fed National Activity Index (CFNAI) was recently released for the month of July. Consensus estimates were calling for a reading of +0.22 in the expected range of -0.13 to +0.25, but the…
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Consumer Sentiment Near Year-to-Date Peak
The University of Michigan consumer sentiment survey jumped more than expected in August, but the results do not include much data collected following the incident last weekend in Charlottesville, Virginia.
Terror Attack in Barcelona Raises Stakes for Tourism Industry in Spain
The terrorist attack in Barcelona comes during the high season for tourism in Spain, the third-most visited country in the world, and it could dissuade tourists from visiting the Mediterranean nation.
Slow Growth for State Personal Income Persists in 2017
The current economic expansion, one of the nation’s longest, has increased personal income in all states above pre-recession levels, according to a recent report from Pew Charitable Trusts. However, the gains have been uneven,…
Thursday’s Mixed Economic Reports: Jobs, Production, E-Commerce, Leading Indicators
Thursday brought five different major views that measure broad economic activity, and the results look mixed. Jobs data looked strong, but other economic activity seems to be less robust than seen in prior months.
Trump’s Trade War With China Disregards Companies Involved
A trade war is brewing between the United States and China, but U.S. companies operating in China do not seem to have much to say about the whole matter.
Why Millennials Hold the Key to Sales of Luxury Goods
Now that the millennial generation outnumbers the boomers, it's up to them to US economy well-oiled. Some of them are doing their part to rev up a sinking US market for luxury goods.
Here Comes the Eclipse: Solar Event Will Traverse US on August 21
On Monday, August 21, North America will see a solar eclipse. The path of the total solar eclipse will stretch from Salem, Oregon, to Charleston, South Carolina, and traverse 14 states.
Over 7 Million People May Visit Areas to See Eclipse, Causing Traffic Jams
What has been dubbed the U.S. eclipse of the century could draw as many as 7 million people to the areas in which the sun will be 100% blocked out.
US Seniors Hammered by Debt
More Americans over the age of 50 have non-mortgage debt and more of it than ever before. This can have profound effects on retirement and future quality of life.
NOAA Raises Tropical Storm, Hurricane Forecast for 2017; Would Be Most Storm Activity in 7 Years
NOAA said there is a 60% chance of an above-normal hurricane and tropical storm season, up from its prediction in May of 45%.
US Corporations Pay Taxes Far Below Statutory Rate
While the federal tax rate on U.S. corporations has been set at 35% of profits since 1995, the actual tax rates paid by those corporations are far lower.
A Third of US Men Use Condoms During Sex, CDC Study Says
About one-third of males in the United States use a condom when they have sex, an increase in condom usage among males since 2002, according to new data from the CDC.
US Household Debt Reaches Record Levels Since Great Recession
The financial crisis roughly a decade ago was a defining moment in U.S. economics and regulation, but really this was a story of debt and who gets left holding the bag.
PPI Report Resurfaces With Hints of Deflation Again
It's one thing to say that there is no serious inflation. It's another issue entirely to be talking about the threat of deflation again.