Economy - Page 2

Another Massive Flood Affects Almost 600,000 People

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?

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

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

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

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

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?

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

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

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

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

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

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

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

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

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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