American consumer confidence faltered in the month of December to the lowest level its been since July, and by the most in 41 years, according to a report by Bloomberg. The news is a harbinger of sorts, as Americans get less optimistic about things while...
The European Central Bank warned Thursday (Dec. 27) that the economy on a global basis is headed for a slowdown next year. Reuters, citing the European Central Bank’s regular economic bulletin, reported the European Central Bank said the global economy will stabilize after a slowdown...
Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. According to a report in Reuters, citing Visa, consumer spending in the U.K. declined 0.7 percent on a year-over-year basis in November, a steeper decline...
Can it happen again? A decade on, with the financial crisis in the rearview mirror, Janet Yellen, former chair of the Federal Reserve, said there could indeed be another financial crisis on the road ahead. CNBC reports that Yellen, speaking at a discussion in New...
Facebook and Alphabet, the two tech heavy hitters, have been curbing hiring, which Citi analyst Mark May said could signal a peak in overall job growth. CNBC, citing comments Citi’s May made, reported that the slowdown in hiring is coming on the heels of a...
Six out of every 10 Americans are anxious about their bills, and almost half (46 percent) pay them late, according to a report by the Aite Group that is sponsored by ACI Worldwide and Visa. The report, titled “U.S. Consumer Payments Experience: A Blueprint for...
Orders for durable goods in the U.S. declined the most in 15 months in October as demand for transportation equipment suffered a sharp decline, the Financial Times reported. According to a report in the Financial Times, at the same time that durable goods declined, the underlying...
When it comes to the economy here in the U.S., the big picture – call it the “top down” view – looks fairly rosy. But take another approach – from the bottom up – and it seems that every rose has its thorn, or even,...
The tax cuts signed into law by President Donald Trump late last year were expected to spur a spending boost on the part of consumers and businesses around the country. While the consumers have done their job boosting spending, businesses haven’t been following suit, reported...
