China to Close 240 Steel Mills, Fire More Than 1 Million Workers
The provincial governor of Hebei province said that by 2020 the government will shut down operations at 240 of the 400 steel mills that currently operate there.
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3 Nations Where Negative Interest Rates Are Creating Asset Bubble Risks
Moody's is warning that negative interest rates in Switzerland, Denmark and Sweden are having unintended consequences.
CPI Again Breaches 2% Inflation, at Least Selectively
Here is where the Fed will have enough ammunition to talk rates higher: the annualized core CPI, sans food and energy, was up 2.3% in February from a year ago. That is versus a…
CEO Economic Forecast Remains Near 3-Year Low
Chief executive officers of large American companies are not becoming more upbeat on the U.S. economy in 2016 than they were in the fourth quarter of 2015.
Unhealthy Environment Cases 12 Million Deaths
According to the WHO, some 12.6 million people died as a result of living or working in an unhealthy environment in 2012.
Los Angeles Is Worst US City for Traffic
INRIX claims that stronger economy and lower gas prices are among the contributors to more traffic on the roads around largest cities. It is an incident of how good news yields bad news.
Housing, Crude, FOMC, Inflation Data: Big Wednesday Ahead for Markets
Wednesday, March 16, will see four sets of crucial data hitting Wall Street all at the same time. What we see on Wednesday could help determine trends in commodities and bond markets particularly.
The 5 Cities With Lowest Unemployment Are Below 2.5%
According to an analysis of unemployment rates by city, the lowest is Ames, Iowa, at 2.2%, as of December 2015. In the 24/7 Wall St. report on the Cities With the Highest (and Lowest)…
1 in 3 American Families Struggle to Buy Diapers
The Obama administration plans to solve a little known problem, which is that almost one in three American families struggle to buy diapers.
Household Net Worth Hits Record $86.8 Trillion
A Federal Reserve report showed that the nation's net worth of households and nonprofits rose to $86.8 trillion during the fourth quarter of 2015.
Fast-Food Workers in Florida Walkout to March on GOP Debate
Fast-food workers in Miami walked off their jobs Thursday, just hours before the Republican candidates' debate Thursday evening.
Will Japan Follow the ECB With Another Rate Cut?
Japan recently adopted its own negative interest rate policy. Its long-term bond yields even hit record lows in recent days.
Odds Trump Will Win Nomination Move to 71%
Will Donald Trump win the the Republican nomination at the convention in Cleveland, which runs from July 18 to 21?
Weekly Jobless Claims Tank As Europe Enters More Quantitative Easing
Last week's jobless claims fell to 259,000. Bloomberg had the consensus estimate pegged higher at 272,000. We haven't seen claims this low since last October.
How Stocks May React to Britain’s EU Brexit Vote
In June, the citizens of the United Kingdom will vote on whether to stay in the European Union. The decision seems a momentous one, and indeed it is.