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Economy
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2.9KSilicon Valley Is Losing Its Luster With Millennials
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco...
- 5.4K
Online Lenders Prepare For A Recession
Online lenders in the U.S. including LendingClub, Kabbage, and Avant are gearing up for a slowdown in the economy and are taking...
- 1.9K
IMF Forecasts Decrease In Growth For Slowed Global Economy In 2019
The International Monetary Fund (IMF) has released a new forecast about worldwide economic growth that shows the global economy is faltering, according...
- 1.6K
Demand For Eurozone Loans Flat At Start Of 2019
Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing...
- 3.4K
Dimon Sees Progress In Economy, Promise In AI
JPMorgan CEO Jamie Dimon’s shareholder letters are closely read for pearls of insight about the economy, the investment climate and even for...
- 2.5K
Hiring Boom Sees 196K New Jobs In US
Following a slowdown in February, hiring in the United States rebounded in March, when non-farm payrolls rose by a seasonally adjusted 196,000...
- 3.1K
NY Fed Says US Household Debt Higher, But Not A Risk
A little over a decade ago, something nearly unprecedented happened in the American economy: household debt contracted instead of growing. After hitting...
- 6.3K
IMF Director: The Global Economy Has Slowed
The managing director of the International Monetary Fund (IMF) said economic growth around the world has slowed down, which has left things in...
- 3.4K
Survey: Americans Optimistic, Yet Anxious, About Savings
A new survey by CNBC showed that Americans are feeling optimistic about their ability to save for the future, but are also...
- 2.8K
Feb Retail Sales Drop As Consumers Curb Spending
Retail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. According to...
- 4.5K
Lower-Income Households More Confident In Economy
Consumer sentiment improved in March as Americans felt better about the economy and the potential to earn money. According to a report...
- 2.6K
Fourth Quarter GDP Growth Revised Lower
In spite of the $1.5 trillion tax cuts put into place at the end of 2017 by President Donald Trump, the economy...
- 3.1K
Study: Trade War Squandered $7.8B In GDP Last Year
A new study by a group of economists found the trade war being waged by the White House has cost the economy...
- 2.5K
Retail Data Points To Tough Sledding For US Economy — Or Vice Versa?
GDP growth is slowing, and retail numbers show lumpiness. Amid wage growth, full employment, a Fed keeping rate boosts in check, are...
- 2.4K
Bad Sign For Retail? US Inventories Jumped In December
Inventories at companies in the U.S jumped in the last month of 2018 as sales plummeted the most in three years. According...
- 5.6K
Jobs Data: Employers, Workers Are Hard To Find
The data coming out would seem to indicate the labor market is as tight as might be possible. The headline numbers that...
- 3.4K
Democrats Propose Tax On Stocks, Bond, Derivative Deals
In a move that could negatively impact high-frequency traders, Democrats are bringing forward a plan to tax stock, derivative and bond deals....
- 2.8K
US, China Near Completion Of Trade Deal
With both countries potentially lifting tariffs, the U.S. and China are reportedly nearing a trade deal. A formal agreement could come around...
- 2.7K
Personal Income, Consumer Spending Signal Weak Q1 Growth
Amid the biggest drop in consumer spending since 2009, personal incomes in the U.S. declined for the first time in over three...
- 2.3K
US Economic Growth In 4Q Not As Bad As Expected
With the tax cut in the rear window, the growth in the U.S. economy slowed to an annual rate of 2.6 percent...
- 3.5K
For The Fed, It’s Hurry Up And Wait On Rates
Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the...
- 3.7K
Default Rates Remain Stable In First Month Of New Year
S&P Dow Jones Indices and Experian Wednesday (Feb. 20) released the S&P/Experian Consumer Credit Default Indices data, representing a comprehensive measure of...
- 2.4K
Car Loan Delinquencies Flash Warning Signs On Credit?
Might the latest data on car loans – to be specific, delinquencies on those car loans – offer flashing warning signs on...
- 1.7K
Inflation Creeps … Right Into The Shopping Basket?
A few months back, Morgan Stanley published a report stating that inflation – which had been dormant for years in the wake of...
- 5.4K
Commerce Dept. To Report 4Q GDP Results On Feb. 28
The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) will publish its advance fourth-quarter gross domestic product (GDP) report at the end...
- 3.1K
Gov’t Shutdown Costs Creep To $11B
A new report says that the government shutdown has cost the country about $11 billion in gross domestic product — and will...
- 2.6K
Gov’t Shutdown May Have Cost The US $6B
The partial shutdown of the U.S. federal government – which lasted 35 days, the longest in modern history – cost the U.S....
- 3.1K
Inflation to Keep on Truckin’ With Walmart’s Long Haul Plans?
Inflation may keep on truckin’ — literally. As has been reported across any number of media outlets on Friday (Jan. 25), Walmart...
- 2.8K
Study: Automation Will Hurt Manufacturing-Heavy Midwest
Manufacturing-heavy states in the Midwest will be hit hardest by the rise of artificial intelligence (AI) and automation for lower-skilled jobs, according...
- 2.2K
Commerce Secretary: Furloughed Workers Should Take Out Loans
The U.S. Commerce Secretary Wilbur Ross told CNBC in an interview on Thursday (Jan. 24) that furloughed federal employees should take out...
- 2.9K
As Economies Slow And Global Debt Grows, Red Lights Flash
The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in...
- 2.5K
NY Fed President: Gov’t Shutdown Could Hinder Economic Growth
While the Fed has hinted that it has been adjusting its U.S. economic outlook due to turmoil in the markets as well...
- 2.3K
Consumer Confidence Falls Short Of Expectations
Amid losses in the stock market as well as the government shutdown, consumer confidence has reached its lowest point in more than...
- 4.2K
Stock Market Rout Could Hit Wealthy Households In 2019
With the stock market selling off in recent weeks, Goldman Sachs is warning that wealthy households will feel some of the pain....
- 5.3K
Experian: Loan Default Rates Rose In Dec
S&P Dow Jones Indices and Experian released data through December of 2018 on Tuesday (Jan. 15) that showed default rates across all loan...
- 2.7K
OECD Sees Continued Decline In Global Economy
The Organization for Economic Cooperation and Development (OECD), a consortium of 34 nations worldwide, has warned that the U.S. and other large economies...
- 3.2K
Fed: Extended Shutdown Could Be Bad For Economy
Federal Reserve Chairman Jay Powell said that an extended government shutdown could be damaging to the U.S. economy, according to a report...
- 2.6K
US Banking Industry Had No Failures In 2018
U.S. banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the...
- 3.3K
From Earnings Crunch To Credit Crunch?
By any reckoning, there may be a reckoning coming for stocks. The December no one wants to remember is in the rearview mirror,...
- 3.6K
Non-Farm Payrolls Rose By 312K In Dec
Even amid declines in the financial markets, employers in the United States brought more jobs into the economy in December at the...
- 7.4K
Americans Aren’t Struggling Despite Rising Consumer Debt
Consumer debt is at a record level — but in terms of handling it, there are no signs that Americans are struggling,...
- 3.8K
US-China Trade War Costs Billions For Both Sides
The trade war between the United States and China has ended up costing billions of dollars for both sides during 2018, with...
- 5.5K
2018: The Year Of The Confident Consumer
What a difference a decade makes. Ten years ago, consumer confidence had slipped to an all-time low, and consumer spending followed it...
- 2.2K
Consumer Confidence Plunges
American consumer confidence faltered in the month of December to the lowest level its been since July, and by the most in...
- 4.1K
EU Central Bank Warns Of 2019 Global Slowdown
The European Central Bank warned Thursday (Dec. 27) that the economy on a global basis is headed for a slowdown next year....
- 2.2K
Consumer Spending In UK Falls In November Despite Black Friday
Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. According...
- 2.9K
Ex-Fed Chief Yellen: Deregulation Risks ‘Gigantic Holes’ In Financial Systems
Can it happen again? A decade on, with the financial crisis in the rearview mirror, Janet Yellen, former chair of the Federal...
- 4.5K
Citi: Facebook, Google Hiring Decline Signals Job Growth Peak
Facebook and Alphabet, the two tech heavy hitters, have been curbing hiring, which Citi analyst Mark May said could signal a peak...
- 4.0K
Report: Americans Anxious About Bills; Almost Half Pay Late
Six out of every 10 Americans are anxious about their bills, and almost half (46 percent) pay them late, according to a...
- 3.3K
Durable Goods Order Decline Steepest In 15 Months
Orders for durable goods in the U.S. declined the most in 15 months in October as demand for transportation equipment suffered a...
