Germany and China Both Flirt With Recession
A global recession already has started to spread. It seems less and less likely that the American economy can dodge the carnage.
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How the Coronavirus Will Harm GDP and Businesses in 2020
With more than 60,000 reported cases of the coronavirus and nearly 1,400 deaths worldwide along with quarantines and travel restrictions, the impact of the disease on global GDP is just beginning to show up.
Volatile Consumer Sentiment Jumps to Near 2-Year High
The Morning Consult consumer sentiment index reached a two-year high last week as Americans shrugged off the impact of the coronavirus outbreak.
Record Levels of Consumer Credit and Higher Delinquencies Should Bring Some Alarms
The media loves making references of the current economy being compared to the great recession. After all, headlines with “recession” have been used to drive higher interest. One problem in measuring gross domestic production…
Flu Season Could Cost US Employers Far More Than Coronavirus
The 2019–2020 flu season has already seen 22 million cases reported. The estimated impact on employers related to work absences is over $13 billion, according to Challenger, Gray & Christmas.
Small Business Optimism Begins the Year on Positive Note
Optimism rose among U.S. small business owners in January as jobs were added and wages were raised. Looking ahead, however, expectations for more improvement declined slightly.
Life Is Good, Say 90% of Americans
Nine in 10 Americans reports being satisfied with their personal lives, a 40-year record high according to Gallup. But satisfaction is not spread evenly throughout different groups.
IMF Forecasts Gloom for Persian Gulf Oil States
The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the…
How ADP Just Put a Very Strong Base on Friday’s Payrolls and Unemployment Report
ADP reported a surprising number of private sector payrolls added in January. See how that will affect expectations for Friday's employment report from the Labor Department.
Coronavirus Threat Begins to Weigh on Consumer Sentiment
The weekly Morning Consult survey indicates the U.S. consumer sentiment fell slightly in the week ended February 2. Americans are more concerned about the coronavirus outbreak's effect on the global and national economies than…
2 Readings Show US Factories Signaling Growth Again
Two key economic reports were released on Monday, both issued by the private sector rather than by government agencies. They showed that the manufacturing economy was positive in the month of January.
Does Inverted Yield Curve Signal a Fed Rate Cut, or Are Recession Odds Rising Again?
Just like that, the major run in stocks that was continuing from 2019 has gone into the red. The coronavirus scare is growing, and now the question comes down to what's happening with interest…
US Consumer Sentiment Hits 9-Month High
The University of Michigan Consumer Sentiment Index posted a nine-month high in January as wage growth, low unemployment, and low interest rates continue to buoy consumers' spirits.
2.1% GDP Report Offers Support for Bulls and Bears Alike
The Department of Commerce released its preliminary view of U.S. gross domestic product for the fourth quarter at an initial growth rate of 2.1%.
How to Stop the Sale of Counterfeit Products by Online Marketplaces
The U.S. Department of Homeland Security has released a list of recommended actions for dealing with the growing problem of counterfeit goods. Will it help?