What Would Make US GDP Go to Zero?
It would not take many factors to push growth down to zero or even below. Several things have happened in the past month that should lead to the conclusion that the U.S. economy is…
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$1 Is Worth 86 Cents in Hawaii, Less Than Any Other State
The cost of a home, food, transportation, fuel and clothing. The total of these state to state, particularly when income is taken into account, vary widely, making $1 stretch much more or less, depending…
Retail Sales Rise Along With Wholesale Inflationary Data
It is no secret that the Federal Reserve has had its hands tied on its desire to raise interest rates. Now data has come out that was marginally positive on the wholesale inflation front.
April Retail Sales Rise 1.3%
The U.S. Census Bureau released advance estimates of retail and food services sales for April on Friday morning.
German GDP Grew 0.7% in Q1
Germany may be the envy of the developed world, for the time being. Its first-quarter GDP rose.
Mixed Bag in Import and Export Prices for April
Thursday's economic reports might have included a very disappointing weekly jobless claims report, but we have now also seen a mixed report on import and export price trends in the month of April.
Good News Dwindles on Treasury Budget in April
Has the good news on the Treasury budget already run its course? The Treasury showed that it saw a surplus of $106.5 billion in April of 2016. The Wall Street Journal’s published consensus estimate…
Investment Banks Lower Expectations on US Interest Rates for 2016
Wasn't 2016 supposed to be the year that U.S. interest rates finally began to rise? Now many of the top investment banks have taken down their interest rate forecasts.
Wholesale Trade Showed Mixed Sales and Inventories Data in March
Tuesday's report from the U.S. Department of Commerce is rarely a market-moving report. Still, it can create adjustments inside of gross domestic product reports for the first quarter.
America’s Biggest City, Sitka, Is Twice the Size of Rhode Island
The largest city in the United States based on square mileage is Sitka, Alaska, incorporated at is current size in 2000.
Small Business Optimism Ticks Higher in April
The National Federation of Independent Business reported Tuesday morning that its small business optimism index for April rose one point from March.
5 States Where Incomes Are Soaring
Nationwide, personal income rose more than 14% from 2010 to 2015. In five states, the rise in income was much sharper than the national average.
Detroit Mansion Hits Market for $799,000
Detroit is not a market full of expensive homes, so it unusual when one is for sale in the high seven figures hits the listings. The house at 17731 Hamilton Rd. is large at over…
March Factory Orders Ticked Higher
The U.S. Department of Commerce reported that factory orders rose by around 1% in the month of March.
ISM Non-Manufacturing Rises More Than Expected in April
The Institute for Supply Management has released its non-manufacturing sector report for the month of April via its monthly Report on Business.