Economy - Page 2

Cars, Planes, Machinery Lead Plunge in New Factory Orders

The U.S. Census Bureau reported Tuesday morning that new factory orders fell by 0.8% month over month in April on a seasonally adjusted (SA) basis. The decline is the second ...
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Fed Chair Powell Evaluates Changes to Fed Policies and Toolkit

With the markets on edge with trade wars, breaking up or heavily regulating companies, dealing with an inverted yield curve and dealing other nontraditional market risks, many eyes should be ...
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Artificial Intelligence May Soon End Traffic Jams

Real-time traffic data comes from two general sources: dedicated, specialized monitoring systems that watch the traffic and drivers who are using vehicles with specialized equipment or who carry a smartphone. ...
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Why NABE Thinks a Recession Is Off the Menu in 2019

The National Association for Business Economics (NABE) released its survey for the month of May, and despite overarching concerns about recession and trade wars, the panel saw a favorable outlook ...
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Atlanta and New York Federal Reserve Banks Point to Much Slower GDP Trends

The first quarter of 2019 was a serious surprise in growth, with gross domestic product coming in at 3.1%. While it was revised down from the first preliminary reading of ...
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Consumer Sentiment Fades Into Trade War Angst

When the University of Michigan released its preliminary reading on consumer sentiment for May at a whopping 102.4, it came with the caveat that the data had been collected prior ...
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Ahead of Hurricane Season, More Than 7 Million Homes Are at Risk

The 2019 U.S. hurricane season officially begins Saturday, June 1. The National Oceanic and Atmospheric Administration's (NOAA's) Climate Prediction Center forecasts a near-normal Atlantic season this year, with a 30% ...
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One of Asia’s Smallest Countries Now Has a More Competitive Economy Than the US

Singapore, the small island city-state, has taken the crown of the most competitive economy in the world, according to an annual, widely followed, study. The United States dropped to third ...
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Widening Inverted Yield Curve: What a Fresh Look Implies Today

Investors are gearing up for what likely will be a prolonged trade war with China. They are also dealing with a slowing of global growth, slower U.S. economic growth and ...
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Consumer Confidence Unwavering Despite China Trade War

Despite trade tensions with China in the past few weeks, consumer confidence is relatively high, according to the Conference Board. In fact, the numbers are near an 18-year high after ...
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This City’s Unprecedented Experiment Gives Poor Residents Money to Spend However They See Fit

Recent jobs and economic reports herald good tidings, though growth across the country has been uneven. Many families and towns are still hurting, with 46 million Americans living below the ...
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Opinions Grow That Trade War Will Hit US Growth

A number of analysts have looked at what the huge trade war between China and the United States will do to the growth of the two nations and the world ...
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OECD Says Trade Storm Warnings Are Up

The OECD became the latest organization to warn that a U.S. trade war with China could put an anchor on the global economy. The notion that one nation will win ...
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Would China Really Embargo Exports of Rare Earth Metals From US Manufacturers?

Earlier this week, Chinese President Xi Jinping's visit to a factory in Jiangxi Province that makes magnets from rare earth elements led many observers to view the walk-through as a ...
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IMF States the Obvious: US Importers to Bear Weight of Tariffs

As most economists and observers have said since the first Trump tariffs were imposed last August, the International Monetary Fund (IMF) repeated in a Thursday blog post: "Consumers in the ...
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