Russia GDP Falls 3.7% in 2015
Russia's gross domestic product fell 3.7% last year, according to the official news agency Tass.
Economy
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Chicago Fed National Activity Index Confirms Below-Average Growth
Last week, the Chicago Fed Survey of Business Conditions showed slower growth, and now it is the Chicago Fed National Activity Index indicating that economic growth was below average in December.
6 Reasons a Recession Might Be Coming
It is hardly controversial to suggest that we are closer to the next recession than we are to the last, but are we closer than we think?
Weekly Jobless Claims Approaching 300,000 Again
The Labor Department's weekly jobless claims were 293,000 for the past week, more than Bloomberg expected.
Lower Energy Keeps Deflation Talk Alive in CPI Reading
The Bureau of Labor Statistics reported on Wednesday that its Consumer Price Index declined in December of 2015.
Are Sovereign Wealth Fund Liquidations Responsible for Current Market Turmoil?
As oil prices rise, exporters amass sovereign wealth portfolios to invest the surplus, and word has it that those countries that depend on oil income to support their budgets are starting to liquidate assets.
CEO Confidence Heads South Before Davos 2016
In new a PricewaterhouseCoopers report, it looks a lot like your typical chief executive officer is increasingly less confident about the economic picture for 2016.
CBO Outlook Targets First Higher Budget Deficit Since Recession
The Congressional Budget Office has released a portion of its 2016 to 2026 outlook, and the end result is that the federal budget deficit will increase in relation to the size of the economy…
Ocean to Have More Plastic Than Fish
The use of plastic has increased 20 times in the past 50 years and is expected to double again in the next 20. But the price is high.
Even Slower Global Growth Seen in 2016 IMF Outlook
Get ready for even slower global growth than you previously expected. That is the message from the International Monetary Fund.
How Much of Manhattan Could Be Ravaged by Flood?
An analysis by the New York City Panel on Climate Change should comfort those who believe the island will be underwater in the next few years.
Puerto Rico’s Economy by the Numbers
A new report from the office of the Governor of Puerto Rico claims it cannot generate enough money to pay for more than $24 billion in debt that comes due in the next 10…
China Risks Trigger IMF Downgrade of Global GDP
The International Monetary Fund (IMF) has cut its forecasts for global gross domestic product improvement for this year and the next.
Fast-Food Workers to Press Presidential Candidates for $15 Wage
Demonstrations and job actions have been taking place around the United States for more than three years now as fast-food workers and other low-paid workers seek to raise the minimum wage to $15 an…
Is an Uptick in Consumer Sentiment Misguided?
Despite the market carnage and despite a weak economic picture, the Index of Consumer Sentiment rose more than expected in the preliminary January reading.