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Economy
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1.1KTrade War Casualty: Chinese Tourism — And Businesses Serving Tourists
Trade wars are wars where injuries accrue cut by cut, tariff by tariff, slices taken off the top of GDP. But getting...
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862Jobs Number Shows Trade War Hitting Home?
The headline numbers are these: The latest jobs report shows that 75,000 jobs were created in the United States last month. A slew...
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1.4KRetailers In Britain Say Sales Are The Worst In 10 Years
A survey of British retailers by the Confederation of British Industry (CBI) said retailers were witnessing the poorest sales performance this month...
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2.2KMillions Of Americans Have Nothing Saved For Retirement
The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the...
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2.2KChina Tariffs Could Cost Americans $831 A Year
The New York Federal Reserve Bank published research on Thursday (May 23) saying that increased U.S. tariffs on Chinese imports will cost...
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1.9KRetail Sales Seesawing In 2019
Retail sales in the U.S. declined in April, according to the latest figures released by the Commerce Department. Retail sales were down...
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1.4KCanada’s Insolvencies Jump In March To Highest Level In Eight Years
Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years....
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5.7KWhy The Loan Shark Prevention Act Will Harm Consumers
Let’s hop into the time travel machine this Monday morning and go back to the year 1973. Here’s why. The proposed credit...
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3.8KSilicon 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...
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6.7KOnline 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...
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2.4KIMF 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...
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2.0KDemand 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...
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4.3KDimon 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...
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3.0KHiring 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...
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4.0KNY 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...
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6.9KIMF 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...
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3.9KSurvey: 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...
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3.1KFeb 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...
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5.0KLower-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...
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2.8KFourth 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...
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3.5KStudy: 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...
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2.7KRetail 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...
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2.6KBad 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...
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6.5KJobs 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...
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3.6KDemocrats 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....
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3.0KUS, 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...
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2.9KPersonal 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...
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2.4KUS 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...
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4.0KFor 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...
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4.1KDefault 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...
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2.7KCar 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...
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1.9KInflation 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...
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6.0KCommerce 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...
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3.2KGov’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...
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2.8KGov’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....
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3.4KInflation 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...
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3.0KStudy: 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...
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2.3KCommerce 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...
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3.1KAs 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...
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2.7KNY 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...
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2.4KConsumer 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...
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4.5KStock 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....
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5.7KExperian: 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...
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2.9KOECD 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...
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3.4KFed: 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...
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2.8KUS 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...
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3.4KFrom 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,...
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3.9KNon-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...
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8.3KAmericans 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,...
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4.1KUS-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...