Factory Orders Unexpectedly Rose in August
The U.S. Commerce Department has released its factory orders reading for the month of August, and the reality is that they looked better than expected.
Economy
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ISM and PMI Both Show Sharp Non-Manufacturing Gains for September
Two more readings on the non-manufacturing economy were released on Wednesday. The first was the PMI Services Index, and the second was the ISM Non-Manufacturing Index.
August Trade Deficit Widens Out From July
The monthly reading on international trade is known to the rest of us as the trade deficit. It hasn't been positive in so long that you might wonder why they don't just officially change…
Soft ADP Payrolls May Dampen Labor Department Payroll Expectations
ADP has now said that its payroll measurement of the private sector was up by some 154,000 jobs in September over August.
Are US Companies Avoiding Over $700 Billion in Taxes on Overseas Profits?
It is no secret at all that major U.S. companies keep billions of dollars locked up overseas. What is debated often is how much this money should be taxed, or if it should be…
US Travel Continues Growth, but Forecast Retreats
August marked the 80th consecutive month that travel has expanded, according to the U.S. Travel Association's current travel index.
Black Americans Paid Less Than Whites Regardless of Education Level
A new study from the Economic Policy Institute found that, no matter what the level of education attainment, black Americans are paid less that whites.
CEO Confidence Ticked Lower in Q3 of 2016
CEO confidence fell in the third quarter, after having increased in the second quarter. Their appraisal of current economic conditions was less optimistic.
IMF Further Downgrades Global Growth Forecasts
The IMF sees subdued global growth persisting, and it also is warning that economic stagnation could fuel protectionist calls.
Richmond Fed President Lacker Talks of Pre-Emptive Rate Hikes
It is well known that Richmond Federal Reserve President Jeffrey Lacker has been more of a hawk on interest rates than many of his Fed counterparts. Now he is back with fresh calls (or…
Over 20% Of California Still Suffers From Worst Drought Possible
Two years ago, over half of California suffered from “exceptional drought”, the worst possible designation given by the U.S. Drought Monitor. That number stands at over 21% today. Huge portions of that area along…
7 Ways to Tell a Tax Collection Call Is Fake
Chances are that most of us have received a phone call from someone who claims to be affiliated in some vague way with the U.S. Internal Revenue Service (IRS) and who wants us to…
St. Louis, Missouri, Is the Most Dangerous City in America
24/7 Wall St. has released its annual analysis of The Most Dangerous Cities in America. St. Louis, Missouri was at the top of the list. According to the report: The FBI reported Monday that…
Cary, North Carolina, Is the Safest City in America
24/7 Wall St. has released its annual analysis of The Safest Cities in America. Cary, North Carolina was at the top of the list. According to the report: The FBI reported Monday that 1,197,704…
Category 5 Hurricane Mathew Heads Toward Cuba, Maybe Florida
Hurricane Matthew, which has been designated a Category 5 hurricane, is on its way to Cuba, and in the general direction of Florida.