Dallas Fed Manufacturing Indexes Went Negative in May
The Federal Reserve Bank of Dallas released the regional Dallas Fed Business Activity reading for May, showing a drop to −20.8 from a less negative −13.9 from April.
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Consumer Confidence Drops Again in May
The Conference Board survey showed that consumer confidence fell more than expected in May.
Credit Managers Index Shows Slowing Growth in April
Many investors and economists skip this monthly report, but it does make up one of the components for each month's leading economic indicators.
Personal Spending Outpaced Income Gains in April
Personal income and consumer spending posted gains for the month of April. The U.S. Department of Commerce said that consumer spending saw the biggest jump going back to 2009.
North Korea Leads as Global Slavery Hits 46 Million
North Korea has by far and away that largest portion of its population who live in "modern slavery." No other nation is close.
New Hampshire Spends Least Among States on Public Higher Education
New Hampshire spends the least on public higher education among America's 50 states. In most states in which this is true, tuitions are high.
Trump’s Mistake: 9 Counties Running Out of Water
Unlike several past winters, this last one was relatively wet in California, relieving drought conditions in the northern part of the state and allowing the state to lift some of water restrictions.
California Drought Covers 61% of State, as Trump Denies It
Donald Trump told an audience in Fresno, Calif., Friday that "there is no drought" and that the state has "a water problem that is so insane."
Temperatures Rise Above 110 Degrees in India and Algeria
Saturday morning, the city of Ramgundam, India, recorded a temperature of 114.8°F, tied with a town in Algeria for the day's highest temperature in the world.
439 People Expected to Be Killed in Memorial Day Crashes
Some 439 drivers are expected to die in car accidents this Memorial Day weekend. The true advent of self-driving cars cannot come too soon.
US Treasuries Dodge Saudi Bullet; Inflation Expectations at 8-Year High
It now appears that the U.S. Senate’s unanimous vote on a bill that would have exposed the Saudi Arabian government to American lawsuits over alleged involvement in the 9/11 attacks was a sham.
Mixed Bag in Consumer Sentiment Revision
The University of Michigan has released its monthly revision for consumer sentiment in May. It still showed a robust gain from the prior month, but far less than originally forecast.
Q1 GDP Revision Higher, Yet Disappointing
First-quarter GDP growth saw a revision, and it raised to 0.8% from the prior 0.5%. This report was incredibly slow, and it was also under the expectations.
Durable Goods Strength Skewed by Aircraft Orders
Thursday's report on durable goods was, no pun intended, quite durable. The headline report showed a gain of more than 3% in the month of April.
Pittsburgh Is Best City for New College Grads
A new study claims that of the top 10 cities for new college graduates not a single one is in the tech hot areas on the West Coast.