China Has 65 Million Empty Apartments
The latest estimate of the number of empty apartments in China is 65 million, which is more than 20% of all residences in the nation's cities.
Economy
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10 Biggest Risks to Global Stability in 2019
Political risk research firm and consultancy Eurasia Group has identified its top geopolitical risks for 2019. The list includes everything from growing nationalism to elections in Nigeria.
China’s Population to Top 1.4 Billion
China's population will hit 1.44 billion, according to research by a government agency. That will put it at about four and a half times the U.S. figure.
Fed Chair Powell Finally Responds to Markets and Criticism
Some Fed events and speeches are worth covering more than others, and that was definitely the case on Friday.
US Manufacturing Is Slowing Down Too Far and Too Fast
Manufacturing activity is slowing. That’s the view of the Institute for Supply Management’s Report on Business for the month of December. The Purchasing Managers Index came in at 54.1%. While this still represents growth…
ADP Offers Big Upside Surprise for Year-End Job Hires for Friday’s Unemployment Report
The ADP National Employment Report showed that its sampling pool of companies added a sharp 271,000 private sector jobs during the month of December.
December Purchasing Managers Index Points to Slower Growth
For those who were hoping for 4% growth in gross domestic product to continue late in 2018 and into 2019, the first economic release of 2019 might continue to temper expectations.
China’s Manufacturing Economy Runs Into Problems: Is Trade War to Blame?
China's manufacturing economy contracted in December, a rare occurrence in the largest manufacturing nation in the world.
4 States Raising Minimum Wages the Most in 2019
Twenty states will raise their minimum wages on Jan. 1. The actions will affect the pay of 5.3 million people. Most of these increases are modest, but in four states the bump is over…
December Sentiment Index Rises, Full-Year Index Hits 18-Year High
Consumer sentiment in December rose year over year and month over month. Expectations for the future slipped a bit, but consumers remained positive on the current state of the U.S. economy.
Real GDP Slows Down in Q3
According to the third estimate released by the Bureau of Economic Analysis, real gross domestic product increased at an annual rate for the third quarter that was less than in the second quarter.
Philly Fed Continues Weaker Growth Trends, Identifies Price Hike Expectations for 2019
The Federal Reserve Bank of Philadelphia has reported that manufacturing activity in its region has continued to grow but at a subdued pace in December.
FOMC Verdict: A Less-Hawkish Jerome Powell Is Not Dovish
Wednesday, December 18, 2018 was a day that could have marked a turning point for the Federal Reserve and Fed Chairman Jerome Powell in the quest to raise interest rates. After having fed…
Gender Pay Gap Will Take 100 Years to Close According to Major Study
The gender pay gap will take 101 years to close, according to a huge study by the well-regarded World Economic Forum. In some nations, the number is much worse.
30% Want Female or Gender-Neutral Santa
In most depictions, Santa is older, white and male. A new survey shows that about 30% of respondents believe Santa needs a new image.