More Millionaires in Congress Than Ever Before
At a time when federal lawmakers are debating issues like unemployment benefits, food stamps and the minimum wage, as well as considering an overhaul of the tax code, there are now more millionaires in…
Economy
All Economy Articles
Newest first · Page 311European Central Bank and Bank of England Deliver Duds
ThinkstockThere has been talk in Europe that Mario Draghi might have make more noise about vigilant policy to prevent weakness from arising, but very few in the investor community were expecting much from the…
FOMC Minutes: Yellen Fed Equals Bernanke Fed
ThinkstockThe Federal Reserve is out with its minutes from the December FOMC meeting. We generally warn readers that minutes are often the third look at a Fed meeting, but this pertains to the FOMC…
CEO Confidence on the Rise
ThinkstockIt appears as though the rise in equity markets is coinciding with a boost in confidence among America’s top Chief Executive Officers. The Conference Board and PwC have reported on CEO Confidence showing a…
Euro Area Unemployment Stays High at 12.1%
If unemployment is at the foundation of measurements of national economic health, then the euro area and European Union remain crippled with little hope in sight for a recovery.
Yellen Fed Chairman Approval Rating by Senate Came at Record Low
Janet Yellen has been confirmed by the Senate as the next chair of the Federal Reserve. She will be the first woman to ever hold the position. Her confirmation vote by the Senate was…
December Consumer Spending Highest in Five Years: Gallup
Following a drop to $84 in September, consumer spending has risen steadily to a five-year high of $96 a day in December, according to Gallup.
Extreme Cold to Deal Blow to Economy
ThinkstockHurricanes, floods, heat waves and snow storms. Any can be powerful enough or widespread enough to actually chip a piece of U.S. GDP improvement in a given quarter. With two-thirds of the nation wracked…
Wealthiest 3% Control One-Fifth of World Income
Globally, it is not the richest 1%, but the wealthiest 3% who control one-fifth of the world's income, according to Gallup poll results. Income inequality levels are highest in sub-Saharan Africa and East Asia.
U.S. PMI at 11-Month High
The U.S. economy continued expanding in December, posting a purchasing managers index (PMI) reading of 55.0, above the November reading of 54.7 and the consensus estimate for 54.5.
Economic Confidence Barely Improves in 2013: Gallup
ThinkstockAmericans’ confidence in the nation’s economy stood at -21 at the beginning of 2013 and has managed to show a modest improvement to -17, according to the latest survey by Gallup. The confidence survey…
China Will Pass U.S. as No. 1 Economy in 2028
The Centre for Economics and Business Research has made several predictions about China's economy and its place in the world, including that China's GDP will overtake the United States in 2028. But how likely…
States About To Lose The Most Unemployment Insurance
Last week, after years of partisan fighting, Congress approved a two-year budget deal. Not included in the measure were any plans to extend the federal Emergency Unemployment Compensation (EUC) program, which provides additional unemployment…
Bitcoin’s Status as Currency Undermined
New research may undermine Bitcoin's efforts to be treated as a viable means of exchange for products and services. Is the use of Bitcoin as a currency as risky as many forms of gambling?
Consumer Sentiment Holds Strong in December
ThinkstockThe revised consumer sentiment report from Reuters/University of Michigan is out, and the second December reading hit 82.5 for the month. The prior report was also 82.5, and the Bloomberg consensus estimate was 83.5…