Several Factors That Skewed the Q3 GDP Gains
Because the headline GDP gain was so strong, we have to consider it a net win — but we also have to be realistic about what sort of issues drove the bump here.
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Q3 Earnings Season Preliminary Scorecard
Credit Suisse has issued its preliminary earnings season report card for the third quarter of 2016. 24/7 Wall St. has been considering where we stand now.
Stronger Manufacturing and Services Data Not Looking as Strong for Jobs
The week of October 28 brought two fresh reads on manufacturing and the non-manufacturing sector, which were stronger than expected — but not in the underlying employment data.
Strong Q3 GDP Looks Driven by Sideline Data Rather Than Broader Gains
It’s finally out, and it’s better than expected! The Bureau of Economic Analysis in the U.S. Department of Commerce has released its preliminary look at third-quarter gross domestic product (GDP) for the United States.…
Halloween Candy Spending per Household at $30.60
Candy companies will have a good Halloween, as will trick-or-treaters. According to new research, the average household will spend $30.60 for Halloween candy.
Top Costume Choices for Halloween
Americans will spend $3.1 billion on Halloween costumes this year, more even than the $2.5 billion they’ll spend on candy. About two-thirds of Halloween shoppers will be buying costumes while about 94% will be…
Economists and Economic Reports See Last-Minute Q3 GDP Previews
Friday morning will bring the first look at third-quarter gross domestic product (GDP) for the United States. Note that the prior five GDP reports have been weak and signaling a very lackluster recovery, despite not…
Durable Goods for September Offers Mixed View for Q3 GDP
If there is one economic report that can be extremely volatile, regardless of the direction of the broader economy, it has to be the monthly report on durable goods.
Weekly Jobless Claims Remain Stubbornly Low
Every Thursday brings a new report on initial jobless claims from the U.S. Department of Labor. There was a slight dip in the week ending October 22, according to the Bureau of Labor Statistics.
Services Economy Seen Recovering Handily in October
The PMI Services Flash reading for October was the strongest one so far this year. What does that say about third-quarter gross domestic product?
Trade Deficit in Goods Contracts in September, With Rising Exports and Lower Imports
Now we have a report from the Census Bureau showing the advance report for international trade, wholesale inventories and retail inventories advance statistics for September 2016.
California, Texas, Colorado Homeowners at Most Risk From Wildfires
In 2015, wildfires in the U.S. burned more than 10 million acres, the highest total ever recorded. More than 893,000 homes in 13 western states that face "extreme" risk from wildfires, according to a…
Consumer Confidence Unexpectedly Falls — and Falls Handily
The Conference Board reading on consumer confidence dropped unexpectedly sharply for the month of October.
What to Expect for the Q3 2016 GDP Report
This Friday will mark the first real look at third quarter GDP. While this is a backward-looking number, this number is closely watched as it marks the official yardstick that measures the entire economy.…
Manufacturing Activity Ticks Higher on October
The PMI Manufacturing Index flash report was handily better than expected, and it might mean we are seeing a snap back in manufacturing activity as the fourth quarter gets off to the races.