This Nation’s Massive Economy Could Be Heading Toward Recession
China's trade data came out today. It showed exports fell sharply in February, a stunning drop took economists by surprise.
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Mario Draghi Drops a Slowing European Growth Bomb on Markets
The European Central Bank has announced that its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged.
Rare Upgrade of Greece’s Credit Rating Does Little for Its Stocks
It seems hard to imagine much good news coming out of Greece concerning its economy. After all, it has what feels like a decade-long negative track record.
2018’s Top Consumer Frauds
The number of fraud reports reported to the U.S. Federal Trade Commission rose by 37% year over year in 2018. Imposter scams and identity theft were primary drivers of the increase.
Tariff Impact Reduces US Consumer Income by $1.4 Billion a Month
The U.S.-China trade war is costing Americans about $1.4 billion a month in real income due to higher prices for goods that have been almost completely passed through by manufacturers and importers to consumers.
Manufacturing Activity Shows Signs of Slower Growth for February
The Institute for Supply Management has released its manufacturing report for February. The purchasing managers index report showed that manufacturing expanded at a slower rate.
February Consumer Sentiment Index Falls Short of Consensus
The University of Michigan consumer sentiment index fell short of economists' expectations. The overall index dropped by nearly two points compared with the midmonth preliminary index.
Q4 GDP Provides Backdrop for Stronger 2018 Growth Story
The U.S. Department of Commerce reported that the economy grew more than expected in the fourth quarter of 2018.
Driving: It’s How Americans Spend 70 Billion Hours a Year
U.S. drivers spend 70 billion hours a year behind the wheel according to a new report from AAA.
The 10 Americans Who Gave Away the Most Money Last Year
These are the top 10 donors to charitable organizations in 2018, according to Chronicle of Philanthropy.
Fed Chair Powell Sounds Extremely Different at Start of 2019 Versus 2018
In an appearance in front of the U.S. Senate, Federal Reserve Chair Powell said that the economy remains strong but he warned that dangers are brewing.
A New Proposal to Break New York Into 2 States
There have long been two parts to New York State. The area around New York City is nearly a state unto itself.
Three-Quarters of Economists Expect Recession by 2021
A new survey of economists reveals that three-quarters expect a U.S. recession by 2021. They don't blame the Federal Reserve, however. Most see dire effects caused by huge and rising federal deficits.
Why People Don’t Get Their Tax Refunds On Time
The government shutdown could cause some people to experience a delay in getting their refunds, as measured against what the Internal Revenue Service says is the normal period.
Durable Goods Report Finally Arrives: Mixed Strength in All
A gain of 1.2% in durable goods in December might sound better than some had expected, considering how much slowness had been seen in many economic reports around that time.