Economy - Page 2

Another Massive Flood Affects Almost 600,000 People

Posted: September 28, 2019 at 8:25 am

Major rainstorms in the United States have affected tens of thousands of people and, in cases of some hurricanes, more. The new UN Intergovernmental Panel on Climate Change released a ...
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Have Consumers Forgotten Their Tariff Worries?

Posted: September 27, 2019 at 11:45 am

The final University of Michigan Consumer Sentiment Index for September rose month over month from a final August reading of 89.8 to 93.2. Economists polled by Bloomberg were expecting a ...
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Durable Goods and Personal Income and Spending Add Little for Q3 GDP Ambitions

Posted: September 27, 2019 at 10:15 am

Friday's flow of economic data included multiple views on the broad economy, and some data may have an impact on how third-quarter gross domestic product (GDP) estimates pan out. Some ...
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If You Loaned Money to Family or Friends, Don’t Count on Getting Paid Back

Posted: September 26, 2019 at 11:43 am

Lending cash to friends or family members ends badly about half the time. The lender either is not repaid or suffers damage to the relationship. Still, 60% of Americans have ...
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Q2 GDP Stays In Line

Posted: September 26, 2019 at 9:05 am

The Bureau of Economic Analysis reported on Thursday that the domestic economy grew at a rate of 2.0% (annual) in the second quarter of 2019. This is the final report ...
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Family Investment Offices Retrenching Against Market Disruption

Posted: September 24, 2019 at 2:00 pm

The S&P 500 index yielded a negative return of 4.83% in 2018. Family offices (businesses that provide wealth management services to high- and ultra-high-net-worth individuals and families) returned 5.4% last ...
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Will the Stock Market Really Crash If Elizabeth Warren Is Elected President?

Posted: September 24, 2019 at 10:15 am

When one of the most influential money managers on Wall Street recently opined that the stock market and the economy would suffer big-time if Senator Elizabeth Warren is elected U.S. ...
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Chicago Fed August Index Leaps Into Positive Territory

Posted: September 23, 2019 at 10:05 am

Another indicator of the health of the U.S. economy posted a sharp gain last month. The Chicago Fed National Activity Index (CFNAI) for August leaped from a revised reading of ...
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The City With Most Homelessness in America Is Not Where You Think

Posted: September 23, 2019 at 9:44 am

After a bitter fight between President Trump and politicians in California about the homelessness problem in some of its cities, new research shows just how deep the problem is across ...
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Eurozone PMI Drops to Near Recession Level

Posted: September 23, 2019 at 4:32 am

Markit's Eurozone Purchasing Managers' Index (PMI) dropped to near recession levels for September. It is another sign of how close Europe's overall economy is to contraction and how perilous the ...
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Economic Confidence Hits Lowest Level Since Government Shutdown

Posted: September 20, 2019 at 6:20 am

The economic confidence of Americans has hit the lowest level since the federal government shutdown ended in January. Some of the drop has to do with worries about a recession. ...
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Major Global Growth Forecast Plunges to Lowest Level Since Financial Crisis

Posted: September 19, 2019 at 7:19 am

The Organisation for Economic Co-operation and Development (OECD) forecast of global gross domestic product and growth nation by nation has just hit the lowest level since the financial crisis. The ...
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Fed Snips Another Quarter Point From Funds Rate

Posted: September 18, 2019 at 2:52 pm

As expected, the Federal Open Market Committee (FOMC) on Wednesday announced that the Federal Reserve will lower its policy interest rate from a prior range of 2% to 2.25% to ...
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Evaluating the Trickle-Down Effect of Federal Funding Squeezes for States and Local Governments

Posted: September 18, 2019 at 1:05 pm

With the deficit in the United States now over $22 trillion, there may come a day when deficits and credit actually matter again. Until then, Europe and Japan are operating ...
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Is a Recession on the Horizon? CFOs Grow More Pessimistic

Posted: September 18, 2019 at 10:45 am

While U.S. markets are holding near all-time highs, the concerns about recession seem to be mounting. The Duke University quarterly survey of CFO Global Business Outlook gave some credence to ...
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