Sections
Economy
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1.3KJuly Retail Sales Boost: Consumers Spend Big On Clothes And Food
Data paint a portrait — rarely a photo in stark relief, usually more along the lines of an impressionist painting. Connect the...
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1.3KUS CEOs Support Putting Ethics Before Profits
Almost 200 CEOs at The Business Roundtable, a meeting of executives from corporations like JPMorgan, Apple and Amazon, have redefined the “purpose...
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2.5KUS Firms Slash Planned Expenses As Confidence Dips
Fears over the United States/China trade war and slowing global growth are causing many U.S. companies to cut down their plans for...
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1.7KWhy The Tariff Delays Do Not Equal Christmas In August
On second thought, hold the tariffs. Stocks took a leap — this time upward — on the heels of news that, amid...
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1.5KAverage US Credit Card Rates Top 27 Pct. In May
It costs more than ever to pay with a credit card in the U.S., with many consumers paying 17 percent, the highest...
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1.5KNonfarm Payrolls Rose 164K In July
In a new indication that the economy has stabilized as the Fed moved to reduce interest rates, hiring in the United States...
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2.7KCommercial Paper Surge Signals Corporates’ Economic Doubt
Corporate treasurers and chief financial officers are on the defensive, issuing short-term commercial paper at their fastest pace since 2011, according to...
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1.8KDebt Loads Hobble Chinese Firms
There’s an old saying in investing, which, paraphrased, works out to “you only find out who is swimming naked when the tide...
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1.6KRevolving Credit Balances Rise 5 Pct In May
The debt balances climb ever higher. In the latest data reported by the Federal Reserve, total credit was up $17.1 billion in...
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1.7KIndia’s Struggling Alt Lending Sector A Risk To Economy
The non-bank lending sector in India has seen a few defaults and failures, and has reduced consumer and business credit, according to...
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1.4KJobs Report Shows Unemployment Near Record Low
The U.S. economy added 224,000 jobs in June, which is the best gain since the start of the year, and the unemployment...
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1.5KADP: Private Employers Created 102K Positions In June
While the pace of growth in the labor market was slower than had been expected by economists, U.S. job growth rebounded last...
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1.5KEarnings Season, Where No News May Be Good News
In investing, information is king. And the markets, according to some observers, digest info quickly, and stock prices discount that information with haste....
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1.6KTrade 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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1.3KJobs 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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1.7KRetailers 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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3.3KMillions 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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2.7KChina 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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2.1KRetail 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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1.7KCanada’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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8.0KWhy 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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4.1KSilicon 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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7.1KOnline 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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2.7KIMF 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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2.3KDemand 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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4.8KDimon 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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3.5KHiring 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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4.8KNY 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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7.3KIMF 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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4.1KSurvey: 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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3.3KFeb 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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5.2KLower-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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3.0KFourth 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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3.8KStudy: 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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2.8KRetail 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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2.7KBad 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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7.2KJobs 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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3.7KDemocrats 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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3.1KUS, 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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3.1KPersonal 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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2.6KUS 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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4.2KFor 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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4.3KDefault 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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3.0KCar 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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2.1KInflation 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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6.3KCommerce 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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3.4KGov’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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2.9KGov’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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3.6KInflation 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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3.3KStudy: 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...
