Personal Income Rises for August, Spending Not So Much
The Bureau of Economic Analysis has released its reading for personal income and spending for the month of August.
Economy
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Holiday Shopping: 34 Million Already Started
With nearly three months to go until Christmas Day, some 34 million Americans (about 14% of adults in the country) have already launched their hunt for the perfect gift.
Exports of Goods in August Help International Trade Data
The August trade report shows that the deficit in goods fell slightly to more than $58 billion, which was less than consensus estimates.
Q2 GDP Revised Higher
Thursday's barrage of economic reports included the U.S. Department of Commerce's final revision for the second-quarter GDP reading.
Weekly Jobless Claims Keep Looking Great
The Bureau of Labor Statistics reported that weekly jobless claims have increased in the past week but less than expected.
10 States With Best and Worst Business Taxes
Much of the toughest U.S. competition for new businesses and new jobs comes not from developing countries like India or Pakistan, but from one of the 50 United States. The state of Washington, for…
Student Loan Default Rate Continues to Decline
It is no secret that the student loan burden has reached a serious level in America. In fact, student loans for college and graduate degrees are muting the ability for millions of people to…
Janet Yellen Addresses Further Regulation and More Capital Reserves at Largest Banks
Federal Reserve Chair Janet Yellen gave testimony before the U.S. House of Representatives Committee on Financial Services in Washington, D.C., on Wednesday morning.
Fed Vice Chair Fischer Talks Labor Participation and Mobility
Outside of Chair Janet Yellen, the Federal Reserve's Vice Chairman Stanley Fischer is one of the most closely followed people in the financial markets.
Durable Goods Looking Muted
Durable goods are showing not to be all that durable, and this matters as it can add up to a lot of the impact on gross domestic product.
US, Singapore and Switzerland Are World’s Most Competitive Economies
The World Economic Forum's new Global Competitiveness Report 2016-2017 looked at 138 nations, and it put the United States, Singapore and Switzerland at the top.
World’s 200,000 Richest People Hold 12% of World’s Wealth
Of the estimated 7.6 billion people on earth, just 0.004% (212,615 individuals) control some $30 trillion in wealth. That’s slightly more than the 2015 GDP of the United States and China combined, and 12%…
Do Engaged Employees Create Higher Profits?
Gallup has a novel concept: employees who are more engaged (which is not entirely well defined) at the workplace help companies create higher profits.
Air Pollution Kills 6 Million — WHO
The World Health Organization reports that air pollution killed more than 6 million people in 2012. The problem cannot be solved because of the sources of the pollution, although the WHO may believe otherwise.
BlackRock Grows Cautious About Long-Term Treasury Notes and Bonds
If you have been wondering if we are in a bond market bubble with insultingly low interest rates, maybe you should hear what one of the top bond managers has to say on the…