The 10 Poorest Countries in the World
According to 2011 data released on Wednesday by the U.S. Census Bureau, 15% of individuals in the United States live below the poverty line. While down from 15.1% last year, it remains statistically unchanged…
Economy
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Newest first · Page 346August Producer Prices Surge on Energy Costs, Stoking Inflation Fears
The U.S. Labor Department has released its reading on wholesale inflation, which the investing community reviews to see where consumer inflation will be a month or two out. The Producer Price Index for the…
July Wholesale Inventories Continue Rising While Sales Fall
Another economic report for another trading day, and it is not looking for good for the state of business in the economy. The U.S. wholesale inventories reading for the month of July came in at…
NFIB Small Business Optimism Looks Absent in August
You just know that the report from the National Federation of Independent Business (NFIB) is not going to be very positive when it is titled “Few Positive Signs for the Future, Little Change Likely…
Parents to Kids: You’re on Your Own
Almost 40% of young people aged 13 to 22 (so-called Generation Z) expect to receive an inheritance and thus do not need to save for retirement. At the same time, just 16% of their…
ISM Nonmanufacturing in August Rises More Than Expected
The Institute for Supply Management is out with a better report on business when it comes to the nonmanfuacturing (services) sector versus that of the manufacturing sector today. The nonmanufacturing index came in at…
ISM-New York Report Shows Slowing for August 2012
The ISM-New York Report on Business is now out for August 2012. The report is now being released on the 2nd day of the month following the reported month. The weakness continues as today’s…
Productivity and Labor Costs Front-Run August Employment Situation
The Labor Department has just released some pre-employment data ahead of Friday’s key employment situation report, but this is a backward looking number. The report was on “Second Quarter Unit Labor Costs and Non-Farm…
ISM PMI Shows More Economic Contraction, Echoes Call for QE3
The Institute for Supply Management (ISM) is out with its Report on Business for August and the trend is one of contraction. The PMI came in at 49.6%, showing that new orders and production…
Factory Orders Up Again in July
The Commerce Department reported today that orders businesses placed to U.S. factories rose 2.8% in July after falling in the previous month. Economists polled by MarketWatch had expected a 2% rise. June’s decrease of…
Chicago PMI Cools Off in August
The Chicago Institute for Supply Management’s Purchasing Managers Index for August cooled off to a seasonally adjusted reading of 53.0 in August, compared to the 53.7 reading in July. The August number fell short…
Spotlight on Ben Bernanke
The focus of the markets today will be Ben Bernanke’s speech at a banker’s conference in Jackson Hole. Investors have held their breath for days in anticipation. The waiting also has been one of…
Jobless Claims Stuck in a Rut
New applications for unemployment benefits remained unchanged last week, the latest Labor Department data showed, suggesting little pickup in hiring in the United States. Initial jobless claims remained at a seasonally adjusted 374,000 in…
Full Story: Q2 GDP Revised Higher, Yet No Change for Bernanke Expectations
The second-quarter U.S. gross domestic product has been revised slightly higher to 1.7% in its first revision. The initial Q2 GDP was originally reported as being up 1.5% and both Bloomberg and Dow Jones had…
Richmond Fed Shows Weak Manufacturing, Negative Jobs Trend
The Federal Reserve Bank of Richmond is out with its August report on manufacturing activity in the central Atlantic region. The report is a negative, but the Richmond Fed also noted that the contraction…