ISM Manufacturing Data Sees Near-Decade Low for September
Two fresh readings have been seen for the U.S. manufacturing sector. One rose further into expansion and the more prominent index contracted further.
Economy
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Why 2% GDP Growth in Q3 Still Looks Likely, Despite Many Concerns
24/7 Wall St. routinely checks the GDPNow estimate from the Federal Reserve Bank of Atlanta and the Nowcast from the Federal Reserve Bank of New York.
Another Massive Flood Affects Almost 600,000 People
Torrential rains in India's largest state killed 48 people in a day earlier this week. River flooding is also a problem in parts of the United States.
Have Consumers Forgotten Their Tariff Worries?
The University of Michigan consumer sentiment index shook off its August funk to rise by nearly 4% month over month. The index remains nearly 7% lower than at the same time last year, however.
Durable Goods and Personal Income and Spending Add Little for Q3 GDP Ambitions
Friday's flow of economic data included multiple views on the broad economy, and some data may have an impact on how third-quarter GDP estimates pan out.
If You Loaned Money to Family or Friends, Don’t Count on Getting Paid Back
Lending money to friends and family often spawns unexpected and undesirable consequences.
Q2 GDP Stays In Line
The Bureau of Economic Analysis reported on Thursday that the domestic economy grew at a rate of 2.0% (annual) in the second quarter of 2019.
Evaluating the Trickle-Down Effect of Federal Funding Squeezes for States and Local Governments
With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again.
Family Investment Offices Retrenching Against Market Disruption
A new survey of family offices that manage investments for the world's wealthiest families reports a portfolio return of 5.4% last year. The survey included 360 family offices with an average of $907 million…
Will the Stock Market Really Crash If Elizabeth Warren Is Elected President?
One of the most influential money managers on Wall Street recently suggested that the stock market and the economy would suffer big-time if Senator Elizabeth Warren is elected U.S. president.
Chicago Fed August Index Leaps Into Positive Territory
The Chicago Fed National Activity Index rose into positive territory in August primarily on strength in manufacturing.
The City With Most Homelessness in America Is Not Where You Think
New research shows just how deep the homelessness problem is across major cities in the largest state. However, the city with the highest rate of homelessness is not in California.
Eurozone PMI Drops to Near Recession Level
Here is another sign of how close Europe's overall economy is to contraction and how perilous the global expansion is going into the end of 2019.
Economic Confidence Hits Lowest Level Since Government Shutdown
The economic confidence of Americans has hit the lowest level since the federal government shutdown ended in January. Some of the decline has to do with worries about a recession.
Major Global Growth Forecast Plunges to Lowest Level Since Financial Crisis
The OECD forecast of global gross domestic product and growth nation by nation has just hit the lowest level since the financial crisis.