US New Construction Spending Inched Higher in May
U.S. spending on new construction rose month over month in May and is up 4.5% year over year. Private spending on residential construction is up 6.4% year over year.
Economy
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Trade Wars or Not, China’s Economy Is Slowing
China is already feeling some of the trade tension bite, on top of other economic pressures in the world's most populous nation.
June Consumer Sentiment Up, but Less So Than 2 Weeks Ago
The final consumer sentiment reading for June from the University of Michigan rose slightly to 98.2 from May's index of 98.0. The mid-June index was higher, but consumers' concerns have changed since then.
TSA Tells People Not to Carry Fireworks
The TSA believes some of the 28 million airline passengers will try to carry fireworks as they travel during the holiday period.
Even at Almost $20 Trillion, US GDP Growth Slower Than Expected So Far in 2018
It appears that consumer spending, which makes up the majority of U.S. GDP, was weaker than had been expected in the first quarter.
West Virginia Is America’s Least Psychopathic State
A researcher has come up with a test that shows which states are most and least "psychopathic." For some reason, West Virginia falls at the bottom of the list.
Volatility Continues in Durable Goods in May
The monthly reports on durable goods can be quite volatile, disappointing in a strong economy or soaring even in a bad economy.
China Suggests It Will Support Its Companies Against Tariffs
Among the advantages of a nation with a central government controlled by one ruling party is that local organizations can be shielded from forces from outside the country.
CBO Projects US Debt Repayment to Exceed Social Security Spending by 2048
The Congressional Budget Office Tuesday projected that U.S. debt repayment will equal Social Security spending by 2048.
Texas Economic Growth Slowing as Prices, Wages Rise
The Dallas Fed published its June manufacturing report Monday morning. The state's manufacturing activity continues to rise but at a slower pace.
111 Million Tons of Plastic With Nowhere to Go
New research from the University of Georgia estimates that by 2030 a total of 111 million tons of plastic waste will have nowhere to go except into landfills and polluting the envirnoment.
47 Million Americans Will Travel on July 4th Weekend
A robust economy and gasoline prices that have reversed their increase will help boost travel over the July 4th holiday by nearly million people.
CEOs Send Message on New Trump Tariffs: Wrong and Harmful
The Business Roundtable late Tuesday issued a statement opposing President Trump's proposal to add $200 billion in additional tariffs on Chinese imports.
Are Millennials Skimping on Tips?
About 10% of millennials say they usually leave nothing as a tip for a server when dining out at a restaurant, but they aren't the only demographic that is stingy.
As Trump Threatens $200 Billion in New Tariffs, China Rattles Saber
As the Trump administration threatened tariffs of $200 billion on China imports, the People's Republic was quick to react.