IMF Downgrades Global Growth Prospects, Blaming Trade Tensions
The IMF's World Economic Outlook, October 2018, warns that global expansion of gross domestic product will slow from its previous forecasts for this year and next.
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Hurricane Michael Puts 57,000 Homes at Risk
Two things about Hurricane Michael seem clear as it heads toward the easternmost part of Florida.
Slowing Global Warming Would Require ‘Unprecedented’ Effort
The Intergovernmental Panel on Climate Change warns that if the world is to keep global warming to no more than 1.5 degrees Celsius, it will require "unprecedented" effort.
What the 50-Year Record Unemployment Headlines Didn’t Tell You
Just reading the headlines on the unemployment report is ill-advised. It was a positive report, but there are some downstream issues that simply should not be ignored.
How Much of Americans’ Personal Wealth Is Tied Up in Their Home?
More than two-thirds of an American household's wealth is determined by the value of their home if they own the home they are living in.
Shopping Mall Rents Falling Ahead of Holiday Shopping Season
Shopping mall vacancy rates have reached multiyear highs and mall rents are sliding ahead of the annual holiday shopping season. Is anyone surprised?
Yale Endowment Hits $24.9 Billion Record High, Beating Harvard’s Growth
Yale University, one of the top academic institutions in the world, has the second largest endowment in the United States. It has announced that the value of the fund surged 12.3% to $24.9 billion.…
IMF Chief Voices Worry About Global Expansion
Has the world's economic improvement, nearly a decade in the making, peaked? The head of the IMF thinks so.
US, Canada Strike Last-Minute Trade Deal
The United States and Canada reached agreement on a new trade deal late Sunday night. Combined with the August deal between the United States and Mexico, a new North American trade pact is set…
Business Economists See Less Chance of Recession, Widening Trade Deficit
The National Association of Business Economists has released the results of its latest survey on the U.S. economy for this year and next. Overall, the forecast is positive with some significant downside risks.
California Law Would Make Companies Have Just One Female Director
California's legislature has passed a bill, which Governor Jerry Brown will sign, that requires each company based in the state to have at least one female director in the near term.
NAFTA Replacement Will Help Middle Class?
The new United States-Mexico-Canada Agreement (USMCA) is meant to help the middle class in the three countries.
China Purchasing Managers’ Index (PMI) Dips in September
China’s Purchasing Managers’ Index (PMI) dipped in September, below the number posted in the several months prior. The data were released by the National Bureau of Statistics The September figure was 50.8, down from…
September Consumer Sentiment Increase Tempered by Tariff Concerns
The September survey of consumer sentiment from the University of Michigan is up more than 5% year over year and more than 4% month over month.
More Taming of GDP Growth Figures for Q3 of 2018
The economy may get another 4% growth rate in GDP in the third quarter of 2018. Or will it?