Economy

As God Is My Witness, I Thought Turkeys Could Fly!

Posted: November 15, 2018 at 10:45 am

The U.S. Transportation Safety Administration (TSA) expects more than 25 million travelers to pass through airport screening checkpoints during the Thanksgiving holiday travel season. And because Thanksgiving is about food, ...
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Oxford English Dictionary’s Word of the Year Is ‘Toxic’

Posted: November 15, 2018 at 6:40 am

Once a year, the Oxford English Dictionary (OED) releases its "Word of The Year." This year the word is "toxic," which the dictionary defines as "poisonous." This word choice matters ...
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Gasoline’s Impact on Inflation: Big October Gains, but Likely a Huge Drop in November

Posted: November 14, 2018 at 10:10 am

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, and the October ...
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German Economy Shrinks, Raising Recession Worry

Posted: November 14, 2018 at 6:15 am

Germany has the largest economy in Europe and is often considered the GDP engine of the continent. That role has been positive for the region for years. Now, its gross ...
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October Small Business Optimism Dips Slightly, Remains in Record Territory

Posted: November 13, 2018 at 8:05 am

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for October dipped slightly from 107.9 in September to come in at 107.4. The ...
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More Than 48,000 Homes at Risk Due to California Fires

Posted: November 13, 2018 at 6:25 am

The Camp and Woolsey fires have killed at least 42 people, which make them the deadliest fires in the history of California. They have spread so extensively that over 48,000 ...
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Business Roundtable Says Growth, Consumer Privacy Are Compatible

Posted: November 9, 2018 at 12:55 pm

The Business Roundtable, a group comprising CEOs of U.S. companies with more than 16 million employees and more than $7 trillion in annual revenues, on Friday sent a comment letter ...
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November Consumer Sentiment Slips, Election Impact Negligible

Posted: November 9, 2018 at 11:00 am

The preliminary University of Michigan Consumer Sentiment Index for November dipped 0.3% to a reading of 98.3, down from a reading of 98.6 in October. The preliminary reading is 0.2% ...
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November FOMC Statement Points to Moderated Business Investment Growth

Posted: November 8, 2018 at 2:34 pm

  The Federal Open Market Committee has released its statement on the decision on whether or not to raise interest rates. As expected, no rate hike was announced at this ...
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Number of Thanksgiving Travelers Will Hit 54 Million, Most Since 2005

Posted: November 8, 2018 at 8:31 am

The number of people who will travel over the Thanksgiving weekend is forecast to reach 54.3 million, the highest number in 13 years. The estimate is based on people who ...
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US CEOs Leaving Jobs at Highest Rate in 10 Years

Posted: November 7, 2018 at 11:45 am

The number of U.S. CEOs who lost or left their jobs in October was the second-highest of the year and not far behind the August total that was the highest ...
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Holiday Shopping Season Spending Forecast: $1 Trillion

Posted: November 6, 2018 at 11:00 am

The U.S. economy is putting up some impressive numbers: a headline unemployment rate of 3.7%, the lowest in half a century; strong job creation; rising wages; falling gasoline prices; and ...
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Why 7 Million US Job Openings May Look Weaker Than It Sounds

Posted: November 6, 2018 at 10:45 am

There are still 7.0 million openings in America, as of the last day of September. While this reading is lower than the original estimate of 7.1 million job openings on ...
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US Colleges Making the Most Money From Application Fees

Posted: November 6, 2018 at 8:15 am

Applications from high school students wanting to begin their college educations next fall have already begun landing on admissions counselors' desks and will continue in a rising tide through the ...
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Strong Unemployment, Payrolls and Wages Creates Perfect Storm for Markets and the Federal Reserve

Posted: November 2, 2018 at 9:13 am

  Friday's unemployment and payrolls report from the U.S. Department of Labor was strong, perhaps strong enough that it still offers plenty of cover for Jerome Powell and his ...
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