The second estimate of second-quarter U.S. GDP was only slightly better than the first estimate, but a new statement on interest rates from Fed Chair Jay Powell is keeping investors' spirits up.
New orders for durable goods rose sharply in July, and airplanes played a role here. In America that means Boeing.
The big question now is just how long it will take to make up the recent massive losses to U.S. gross domestic product.
U.S. second-quarter GDP fell at an annualized rate of nearly 33% in the second quarter, the largest decline since reporting began following World War II. Consumer spending fell by 25%.
24/7 Wall St. has been tracking GDP forecasts and other economic forecasts around the pandemic. Unfortunately, the great economy of 2019 will not be seen for quite some time. Just don't bother...
The primary debate among economists is how badly the world economy is damaged now and will be in the future.
The overall trends were better in enough categories that the July data may not be as soft as it might seem today.
The U.S. economy shrank by 5% during the first quarter, according to the Bureau of Economic Analysis.
The conclusions of the OECD's Economic Outlook June 2020 report could hardly be uglier.
Here are ten issues that offer some views to explain the stock market gains, even as the reopening of America's economy is still in the beginning stages.
If one thing has proven to be true over time, and particularly in a wild 2020, the stock market is not the economy and the economy is not the stock market.
U.S. gross domestic product saw its steepest contraction since the Great Recession more than a decade ago, and the writing is on the wall that GDP will become much worse in the second quarter.
Some economic reports still showed pockets of growth until well into March. That won't be the case for the upcoming economic reports for April, May and June.
The latest Dallas Federal Reserve manufacturing report for Texas has atrocious numbers, showing just how bad things are in the region.
Tthe U.S. Department of Commerce's report on durable goods showed just how bleak the manufacturing of big-ticket items was in March.