The U.K. and the European Union are reportedly making progress on a deal that would give London access to the EU markets once Brexit is complete. Reuters, citing two British officials, reported that while talks are progressing, a final agreement hasn’t been reached yet. The...
Call it a tale of two consumers — or perhaps a bifurcation of credit outlooks. News came this week that at least two credit card firms are tightening standards that are tied to their cards — and doing so right when the economy seems to...
Some of the world’s largest consumer goods makers are gearing up to increase prices in an effort to contend with increasing costs of raw materials. According to a report from the Financial Times, consumer goods makers including Procter & Gamble and Unilever alerted shoppers recently...
Data from the Commerce Department Friday (October 26) show an initial reading of GDP growth for the third quarter at 3.5 percent annualized, boosted by consumer spending. Though the latest headline number represents a slowdown from the second quarter’s 4.2 percent growth rate, that slowdown...
At this writing at least, it ain’t over yet – the selling, that is. Though stocks pared their losses intraday in selling that continues on Wall Street on Thursday (Oct. 11), tech stocks continued to fall. The Dow was down more than 300 points, coming...
Now, it seems, interest rates have garnered some, well, interest. It has been barely a week since the Federal Reserve boosted interest rates by a quarter point. It’s the latest move in a series of rate hikes that have been well-telegraphed and well-choreographed. The Fed has...
Stock gains – they yield for yield gains. Might consumer spending yield amid those gains, too? The selloff seen Thursday in stocks traded here in the United States show a bit of pullback from recent highs. But they also come on the heels of a...
The pace of job growth quickened in September, to a level not seen in seven months, according to data released Wednesday by ADP and Moody’s Analytics. The headline number shows that private firms added as many as 230,000 positions in the month, which comes within...
With a strong labor market and expectations for more growth in the economy, consumer confidence in the U.S. reached an 18-year high in September. According to a report in Reuters, citing the Conference Board, the consumer confidence index jumped to a reading of 138.4 in September,...
