Puerto Rico’s Economy by the Numbers
A new report from the office of the Governor of Puerto Rico claims it cannot generate enough money to pay for more than $24 billion in debt that comes due in the next 10…
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China Risks Trigger IMF Downgrade of Global GDP
The International Monetary Fund (IMF) has cut its forecasts for global gross domestic product improvement for this year and the next.
Fast-Food Workers to Press Presidential Candidates for $15 Wage
Demonstrations and job actions have been taking place around the United States for more than three years now as fast-food workers and other low-paid workers seek to raise the minimum wage to $15 an…
Is an Uptick in Consumer Sentiment Misguided?
Despite the market carnage and despite a weak economic picture, the Index of Consumer Sentiment rose more than expected in the preliminary January reading.
Industrial Production and Capacity Utilization Reach Tankola Levels
Friday's industrial production report was from the Federal Reserve indicated that production fell in December.
Do Higher Jobless Claim Trends Pose a Threat to Fed Rate Hikes?
Right now is a very difficult time for bulls and bears alike. Investors and economic watchers alike are looking for just about any data point they can find to support a bullish or bearish…
IMF Sees Silver Lining, Paths Ahead During China and Developing Economies Slower Growth
Is it possible that the slowdown of China's expansion is good for the rest of the world? That might not make sense if you just looked at the worst U.S. stock market annual start…
Small Business Optimism Ticks Higher in December
The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for December rose.
Atlanta Fed’s Lockhart Justifies More Rate Hikes in 2016
Atlanta Federal Reserve President and CEO Dennis Lockhart was speaking on Monday to the Rotary Club of Atlanta. In his speech, he discussed his current reading of the national economy, and he also pointed…
New York Launches Medical Marijuana
The New York’s Medical Marijuana Program launches this month. It is part of a series of state initiatives to either legalize marijuana for either medical reasons or use by the general population. A look at marijuana legalization…
Massachusetts Has Best Public Schools in America
Massachusetts leads the nation as the state with the best public schools, according to a 24/7 Wall St. review of education data from the Education Week Quality Counts report.
December FOMC Minutes Reveal Worries Over Low Inflation
The Federal Reserve on Wednesday afternoon released the minutes of its December 2015 meeting of its Federal Open Market Committee (FOMC). That’s the one where the Fed raised the policy rate from a range…
ADP Payrolls Suggests Stronger Labor Department Payrolls Report
ADP has released its National Employment Report for the month of December, and many investors use this as a proxy for each month's unemployment and payrolls report from the Department of Labor.
ISM Manufacturing Signals Softer Conditions
The most recent ISM manufacturing report points to even softer conditions for a sector that showed very little life during 2015.
Even Agriculture and Food Exports to China Are Hitting the Brakes
The U.S. Department of Agriculture (USDA) has release a new report that projects China’s impacts of a slowing trade and agriculture growth.