Connecticut Top 1% Make Over $650,000
The top 1% are not all created equal, at least from state to state according to the Economic Policy Institute (EPI).
Economy
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Philly Fed Remains Muted in June
The Federal Reserve Bank of Philadelphia reported its Business Outlook Survey for the month of June on Thursday morning.
Weekly Jobless Claims Rise More Than Expected
The U.S. Department of Labor reported that weekly claims rose by 13,000 to 277,000 in the week ending June 11.
Ifo Economic Forecast Shows Strengthening German Economy
The Ifo Economic Forecast for Germany showed an acceleration of the fourth largest economy measured by GDP for the second half of 2016 and all of 2017.
FOMC Decision on Rates — Kicking the Can Down the Road
The decision on interest rates from the Federal Open Market Committee (FOMC) has finally been made. As we expected, no rate hike was seen.
California Now World’s Sixth-Largest Economy
If the state of California were its own country, it would have the sixth-largest economy in the world, ahead of India and France.
Empire State Manufacturing Posts Unexpected Big Gain
Wednesday's barrage of economic reports included the June reading for the Empire State Manufacturing Survey.
Industrial Production and Capacity Utilization Scream Weakness Into Fed Decision on Interest Rates
If the investing community wanted good news on the reports for industrial production and capacity utilization, they are going to have to search elsewhere.
Sustained Growth Remains Elusive: Business Roundtable
The Business Roundtable CEO Economic Outlook Index increased from 69.4 in the first quarter of this year to 73.5 in the second quarter, according to the latest survey.
Import and Export Prices Heading Up
Import prices rose more than expected in May, which will give the Federal Reserve at least some hope of price increases — and that they were not just tied to oil.
Business Inventories Continue Muted Gains
Business inventories remained quite subdued in the month of April. That shows a continued muted inventory climate in which businesses just do not seem eager to restock.
Small Business Optimism Up Slightly in May
The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for May rose but remains well below the index's 42-year average.
Charitable Donations Hit $383 Billion, With $265 Billion From Individuals
Annual charitable giving reached another annual record last year, and the bulk of the donations continued to be from individual donors.
8 Reasons the Brazil Olympics Should Be Cancelled
The Rio de Janeiro Olympic Games are just weeks away, and still there is a chance the games could be ruined or should be cancelled.
Wholesale Inventories Rise More Than Expected
Wholesale inventories increased sharply in April, a positive surprise at a time when more economic weakness has been seen than strength.