Half of CFOs Expect US Recession in 2019
A new survey from Duke University reports that half of U.S. CFOs believe the domestic economy will be in recession by the end of 2019. The outlook is even gloomier from global CFOs.
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Over 112 Million Americans, One Third of Population, Will Travel Over Holidays
One-third of Americans will travel over the holidays this year, which will be a record. The total number of travelers will reach 112.5 million.
Consumer Prices Look More Tame Into Year-End as Oil and Energy Prices Fall
After a somewhat muted Producer Price Index report for November, the U.S. Department of Labor has released its November reading on the Consumer Price Index.
PPI Ticks Marginally Higher Despite Plunging Energy Prices
The U.S. Department of Labor has released its Producer Price Index for final demand for the month of November.
November Small Business Optimism Plunges on Lowered Expectations
Small business owners' optimism flagged in November, dropping nearly three points on the National Federation of Independent Business optimism index. Expectations for improvement in the U.S. economy dropped more than 10%.
The Traffic Light Turns 150 Years Old
The traffic light turns 150 years old today. They are so commonplace around the world that drivers and pedestrians barely give them a thought.
December Sentiment Index Unchanged, but Consumers Wary
The preliminary consumer sentiment index for December came in unchanged from the final November reading and nearly 2% higher than December 2017. But there's some wariness among consumers about future job prospects.
Business Executives Remain Positive on US Economy
With the markets back in correction territory, it makes sense that business executives’ outlook on the U.S. economy fell sharply as well. However, they continue to hold strongly positive views of their own companies’…
ADP Sets Muted Tone for Payrolls and Unemployment
ADP reported that private sector payrolls increased by less than expected in November from the prior month.
Cooling Off the Planet by Planting More Corn
Average temperatures decreased and average rainfall increased in parts of the Midwest over the course of the 20th century. Does that mean global warming is a hoax? Not at all.
US Manufacturing Surges in November, With Price Gains Slowing Sharply
Manufacturing saw its activity accelerate in the United States in the month of November, according to the latest report from the Institute for Supply Management.
Fed Chair Powell Finally Blinks — With a Third Fed Mandate?
It seems the Federal Reserve Chair Jerome Powell is finally blinking in his communications to the public regarding the pace and determination of future rate hikes.
Why Q3 GDP Revision Soothed the Markets
The U.S. Department of Commerce has issued its first revision to third-quarter gross domestic product on Wednesday morning — with no real revision. The preliminary gain for GDP was maintained flat at 3.5% growth.…
Losses From California Wildfires Could Reach $19 Billion
History's most destructive and deadliest of California wildfires, the Camp Fire, was fully contained on Monday. Property losses from the fire and the Woolsey fire in southern California could reach $19 billion.
November Consumer Confidence Dipped From 18-Year High
The Conference Board's consumer confidence index dipped in November from an 18-year high posted in October. Consumers expect the U.S. economy to slow down in the coming months.