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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
The Conference Board is out with its newest read on consumer confidence. The reading from August is a huge disappointment at 60.6, compared to a Bloomberg consensus target of about 65.8 and to July’s…
Mario Draghi has backed out of his speech and attendance at the coming economic symposium in Jackson Hole, Wyoming. The issue is said to be scheduling with events in Europe and London, while trying…