Russian Growth Expected to Hit Zero Next Year
Sanctions, and perhaps a drop in oil prices, are expected to stop Russia's GDP from moving at all in 2015.
Economy
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Strong jobs data was seen on Wednesday morning from TrimTabs and from ADP.
Minimum Wage Hikes Sought in Today’s State and Local Elections
ThinkstockBallot initiatives in four states and three cities could, if approved by voters, raise the minimum wage for more than 600,000 workers. Minimum wage hikes are on the ballot in the states of Alaska,…
Employment Situation Preview
On Friday morning, the U.S. Department of Labor will release the Employment Situation numbers for the month of October.
European Commission Slashes EU Growth Rates
The deep recession in Europe was supposed to be over, but the European Commission sharply cut its growth forecasts.
October ISM Manufacturing Shows Stronger Trends
The Institute for Supply Management (ISM) released its Manufacturing Index for October and it showed outstanding growth in the sector.
September New Construction Spending Takes Unexpected Turn Lower
The U.S. Census Bureau reported Monday morning that construction spending in September decreased from August.
Americans’ Spending Remains Cautious
Daily spending for U.S. consumers remained relatively flat in October, according to Gallup.
Personal Income Rises Again in September
Data for September shows that personal income has been growing, but spending fell slightly on volatile auto sales and lower gas prices.
Japan Surprises Markets With More Quantitative Easing
The Bank of Japan pumped some air under equity markets Friday morning when its board of governors voted to increase its annual asset purchase amount.
20% of Nation’s Homeless Are in California
The Department of Housing and Urban Development put out a sobering report about the status of homeless people in the United States.
Third-Quarter GDP Growth Decelerating
The U.S. Commerce Department has released its first read on real gross domestic product for the third quarter of 2014.
UPS Expects Record Holiday Shipments
It is not particularly surprising that a major shipping company would disclose that the holiday season will be its busiest.
FOMC Ends Asset Buying, Continues Near-Zero Interest Rate
The Federal Open Market Committee (FOMC) on Wednesday afternoon voted to end its monthly asset purchases -- aka QE3 -- by the end of October.
Why Consumer Confidence Rebounded in October
The Conference Board released some good news Tuesday morning for October’s consumer confidence, unlike the durable goods report earlier in the morning.