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.
Economy
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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?
Will China’s 1.4 Billion People Be Locked Down?
As travel to and from China becomes more restrictive, the nation's 1.4 billion people could find themselves basically locked down within their own borders.
Coronavirus Threat Doesn’t Weigh on Consumer Sentiment
Consumer sentiment rose slightly last week after a slight pause in the first weeks of the new year. U.S. consumers appear to be ignoring the global economic threats of the coronavirus outbreak.
Why the Return to an Inverted Yield Curve May Bring More Premature Recession Calls
With the Federal Reserve announcement on a decision on interest rates this week, many eyes will be focused on what is going on with Treasury yields over the coming days.
NABE Survey Sees Stronger 2020 Economy
A survey of business economists indicates that more companies are expecting the economy to improve this year than they did just three months ago. Labor shortages and the impact of tariffs remain concerns, however.
A New Black Swan? Virus Cripples China And Spreads
Rarely does a disease spread fast enough and is labeled dangerous enough that it quickly gets the attention of the World Health Organization. A coronavirus, which has killed dozens of people in China and…
Alaska Jobless Rate Is 75% Above National Average
Alaska remained the state with the highest unemployment rate in December for several reasons. Yet, the median household income in Alaska is among the highest of all states.