China PMI Contracts in January
China continues to insist that its economy will grow at a rate of 7% or better, even though its PMI contracted in January.
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Newest first · Page 270Consumer Sentiment Hits Decade High
The University of Michigan consumer sentiment reading for January was the highest that it has reached in the past decade.
Disappointing Q4 GDP: The Taming of Growth
Though the preliminary fourth-quarter GDP reading is lower than in the third and second quarter, it is rather solid given the state of the rest of the world.
Jobless Claims Hit New Decade Low
The U.S. Labor Department is out with yet another installment of its weekly jobless claims report.
FOMC Patient, Rates Hikes Can Be Later Rather Than Sooner
courtesy of the Federal ReserveWill Janet Yellen and the Federal Reserve raise rates in mid-2015, or will they push those rate hikes out into later in the year or even into 2016? That is…
Politics and Uncertainty Take NBG Under $1 and Pound the Greek ETF
The world finally has figured out that dealing with Greece's government is becoming like dealing with troubled Latin American markets of years past, except perhaps even worse.
US Teachers State Pensions Near $500 Billion in Unfunded Liabilities
A new report card prepared by the National Council on Teacher Quality shows that state teacher pension systems had a total of $499 billion in unfunded liabilities in 2014.
Durable Goods So Weak That It Will Likely Lower GDP Forecasts
The U.S. Department of Commerce has reported that durable goods were down by 3.4% in the month of December.
Federal Budget Deficit Projected at Multiyear Low in 2015
ThinkstockThe U.S. Congressional Budget Office (CBO) released its Budget and Economic Outlook: 2015 to 2025 Monday morning. The non-partisan CBO now estimates that the federal budget deficit in fiscal year 2015 will total $468…
Small Businesses to Lift Hiring
Economists often say that small businesses employ half of all Americans. If so, the prospects of people who work at or want jobs at these companies has improved.
Rivers in the Sky May Help US Drought
ThinkstockNOAA researchers have found “rivers in the sky” that carry more water than the Amazon or Mississippi. These could be a critical factor in bringing water to the drought-damaged West. According to work done…
China’s Economy Still Troubled, Based on PMI
Some fear China's growth rate will continue to sink, which would be signal that a nation with a voracious appetite for imports from much of the rest of the world would be in trouble.
Why China’s President Just Got a 62% Pay Hike
All of China’s civil servants got a raise, and the lowest paid officials saw their pay more than double.
IMF Cuts Global Growth Outlook
As the world's rich and powerful gather at Davos, the International Monetary Fund had a message for them and other world leaders.
Top 1% to Have Half the World’s Wealth Next Year
The very rich, known as the 1%, will get richer soon, to the tune of owning more than 50% of the world's wealth by 2016.