Two Strategists Still See Grexit Possible (or Likely)
thinkstockGreece has reached a deal that will allow it to remain in the euro currency. Or has it? A lot of this depends upon which set of headlines you read and who is making…
Economy
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Newest first · Page 260Retail Sales, Import Prices and PPI May All Keep Deflation Alive
ThinkstockThe Federal Reserve wants inflation around 2.0% to 2.5%, but that remains a pipe dream. In fact, deflationary fears remain present as of now. It turns out that Retail Sales and Import & Export…
Another Debt Rating Downgrade in Puerto Rico
ThinkstockPuerto Rico is having a hard time finding very many fronts. Now comes news that ratings agency Standard & Poor’s has downgraded the Government Development Bank for Puerto Rico (GDB). Tuesday’s downgrade went from…
Increased Student Loans Can Yield Higher Tuitions
The ability of a larger number of students to get student loans has an odd by-product. Schools react to the availability of more money by raising tuition.
Janet Yellen Sticks by Late 2015 Rate Hike Timing
If you think that Greece and China are going to keep the Federal Reserve from starting to raise interest rates later in 2015, you might want to see what Chair Janet Yellen's latest commentary…
Wholesale Trade and Inventories Not Enough to Change GDP Targets
ThinkstockThe U.S. Census Bureau released its wholesale trade data for the month of May. While the numbers were off expectations, it may not be by anywhere close enough to alter second-quarter gross domestic product…
Credit Suisse Remains Cautious in China
Has the drop in China's stock market found a bottom yet? Some investors think so, while other investors think something far worse could be coming down the pipe.
44% of Millennials Have Had Some Trouble With Credit Card Payments
Some 96% of millennials between the ages of 18 and 32 who have credit cards consider themselves to be financially responsible.
IMF Lowers Global Growth Outlook, Cuts US Projection by 20%
The International Monetary Fund on Thursday cut its 2015 global GDP growth forecast from an April estimate of 3.5% to a new level of 3.3%.
FOMC Twist: Potential Changes to How Fed Funds Rate Gets Calculated
The June FOMC meeting's minutes contained something unique: a potential change to how the fed funds rate is calculated.
Cyberattack on US Power Grid Could Cost $1 Trillion
Imagine a scenario in which a relatively small group of sophisticated cyberattackers plant a piece of malware in the computer systems of companies that generate and control the flow of electricity in the northeastern…
Wider US Trade Deficit for May
ThinkstockThe U.S. Bureau of Economic Analysis and Department of Commerce have released their monthly reading on international trade. Most economists and investors refer to this as the trade deficit, of course, because there has…
Puerto Rico’s Chances of Bankruptcy Look Weak to Credit Suisse
Credit Suisse issued an outlook on Puerto Rico on Monday. The firm said that Puerto Rico's economic and financial woes have been brewing for a decade.
ISM Non-Manufacturing Growth Now 65 Consecutive Months
The Institute for Supply Management has reported that economic activity in the non-manufacturing sector grew in the month of June. This marks the 65th consecutive month of growth.
Texas Wants Its Gold to Come Home
Thinkstock The state of Utah was the first to pass a law allowing gold and silver coins issued by the U.S. Mint as an acceptable form of payment in the state. Now, the state…