Trump Enacts Tariffs, China Ready to Fire Back
President Trump on Friday morning announced tariffs on 1,102 products imported from China. The Middle Kingdom was quick to respond and a trade war unwanted by all but the President and a few of…
Economy
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June Consumer Sentiment Up, But Expectations Waver
The University of Michigan's preliminary report on consumer sentiment for June rose slightly month over month and the year-over-year level is 4.5% higher than the early June 2017 report.
Retail Spending Soars in May: Census Bureau
The Census Bureau reported Thursday that year-over-year retail sales soared nearly 6% in May. With only a couple of exceptions, sales in every category rose last month.
ECB Leaves Interest Rate Alone, Says Asset Purchase Program to End This Year
In Riga, Latvia, this morning, the European Central Bank announced that it will leave its 0% interest rate unchanged. The bank also said it will begin winding down is asset purchase program in September…
FOMC Boosts Funds Rate by an Expected Quarter Point
The Fed's FOMC voted unanimously Wednesday to raise the Fed funds rate by one-quarter point to a new range of 1.75% to 2%. The committee also sees core inflation rising slowly to 2.1% next…
Was The Whopping Producer Price Index Reading An Inflation Warning Shot ?
Today's report on May's producer price index (PPI) came in a bit hotter than analysts expected. Typically that woud ratchet up warnings about rising inflation, but with a Fed announcement out later, investors are…
CPI: Just Right for May
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for the Month of May and it did not disappoint. The topline number for CPI, the all items index, met the Bloomberg…
IMF Chief Cautions World Economy May Face Major Challenges
International Monetary Fund Managing Director Christine Lagarde's recent forecast was particularly dim. She pointed out the sharp threat to global economic growth posed by trade wars.
May’s Small Business Optimism Index Is Second-Highest Ever
The National Federation of Small Business' optimism index in May reached its second-highest level since such data was first reported in 1973. It's the second time this year the index has come close to…
North Korea: Country and Military by the Numbers
Tuesday's historic meeting betwee U.S. President Donald Trump and North Korean President Kim Jong-un is expected to be brief and largely symbolic. That doesn't mean it's not important.
Business Leaders Weigh-In on China, G7 Trade Talks
U.S. CEO members of the Business Roundtable issued a statement Friday morning urging the Trump administration to back away from tariffs on Chinese goods and goods from allies in favor of continuing discussions to…
Ticketfly Hit by Hackers, 27 Million Accounts at Risk
Ticket sales site Ticketfly was hit by a major hack, compromising 27 million accounts. It is the most current in a long line of major corporate hacks that have exposed, in sum, hundreds of…
IMF Plans to Help Argentina, If It’s on the Right Track
The IMF will help the Argentinian economy and its people with a financial package of $50 billion, even though its government has been notoriously unstable.
US Household Net Worth Tops $100 Trillion
The Federal Reserve released is Q1 Flow of Funds report Thursday indicating that U.S. household net worth rose to more than $100 trillion and that growth in household debt was slower than in the…
OECD Says US Economic Outlook Strong With Serious Risks on the Horizon
The OECD on Wednesday released its 2018 Economic Survey of the United States. The group sees good growth in GDP over the next two years but warns of risks related to trade policy and…