Economy

Bloomberg Is First Choice of Only 2% of Democratic Primary Voters

Posted: November 13, 2019 at 6:20 am

A research firm that polls for trends in the 2020 election recently found that 87% of primary voters have heard of Michael Bloomberg. However, he is only the first choice ...
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October Small Business Optimism Improves as Holiday Season Approaches

Posted: November 12, 2019 at 7:35 am

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index rose from 101.8 in September to 102.4 in October. In August 2018, the NFIB ...
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The Rich Throw More of Their Money Under the Mattress

Posted: November 12, 2019 at 6:30 am

The very wealthy have started to turn their backs on traditional investments and have thrown much of their net worths into cash. Typically, this investment decision makes them very little ...
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More Americans Think Couples Don’t Need to Marry

Posted: November 12, 2019 at 6:10 am

The traditional notion that a couple who have been together for a long time should get married has broken down. The number of people who have been in "romantic partnerships" ...
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Outlook for $63 Trillion in Sovereign Debt Turns Negative: Moody’s

Posted: November 11, 2019 at 1:00 pm

Global gross domestic product (GDP) growth has lost ground this year, and the outlook for next year is no better. Moody's Investors Service issued a new report Monday morning calling ...
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Consumer Sentiment Supports the No-Recession Call

Posted: November 8, 2019 at 10:25 am

Now that markets have hit new highs and now that longer-term interest rates have risen again, we are getting a first look at consumer sentiment for the month of November. ...
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Why the Federal Reserve Rate Cutting Cycle Already May Be Over

Posted: November 7, 2019 at 11:20 am

With news of the trade negotiations between the United States and China going well, it will be time to rethink some of the more negative economic expectations for the end ...
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US Retail Sales Projected to Top $1 Trillion This Holiday Season

Posted: November 7, 2019 at 9:45 am

Americans are expected to spend just over $1 trillion this holiday season, despite a shopping season that it six days shorter and anxiety over the U.S. economy. That projection marks ...
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Consumer Sentiment on Track to Keep Rising

Posted: November 6, 2019 at 12:10 pm

Consumer sentiment rose to a six-week high last week, according to the latest report from Morning Consult. Based on the firm's daily survey of some 7,500 U.S. adults, overall consumer ...
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Americans Expected to Empty Their Wallets This Christmas

Posted: November 4, 2019 at 8:49 am

Consumer confidence has faltered very slightly in the past few months. Third-quarter gross domestic product posted a 1.9% improvement. Despite these warning signs, Christmas spending is expected to reach an ...
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Are High-Tech Enclaves Inevitable?

Posted: October 31, 2019 at 8:25 am

The example of cities like San Jose, Seattle and Austin that attract thousands of highly skilled and highly paid workers is one that many U.S. cities have tried to emulate ...
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Hong Kong Falls Into Recession

Posted: October 31, 2019 at 5:12 am

Hong Kong, one of the business capitals of the world, is in recession, according to its Census and Statistics Department. Hong Kong's economy, if measured independently from China, which controls ...
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Fed Rate Comes Just As Expected

Posted: October 30, 2019 at 3:35 pm

Wednesday's announcement by the Federal Reserve's Open Market Committee (FOMC) of a quarter-point cut in its policy rate was expected. According to the CME FedWatch Tool, there was a 99% ...
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As GDP Holds Up, Those Imminent Recession Calls Looking Very Premature

Posted: October 30, 2019 at 10:05 am

While Wednesday was supposed to be a day about a Federal Reserve rate cut by the Federal Open Market Committee (FOMC), it was also the day that brought the first ...
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10 Tragic Facts About Child Poverty

Posted: October 29, 2019 at 11:55 am

From the Council on Contemporary Families     1. Even after accounting for receipt of public benefits and programs for low-income families, 13% of U.S. children—9.7 million—are  living in families with incomes below ...
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