December 13, 2019
“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…
December 11, 2019
“Federal Reserve policymakers will go into hibernation for as much as six months, holding interest rates unchanged until at least the summer, according to respondents of the December CNBC Fed Survey… “The risks to the outlook for economic growth and inflation… Continue Reading…
December 6, 2019
“The U.S. economy added far more jobs than expected in November and the joblessness rate edged down to a 50-year low, as the domestic labor market continued to fire on all cylinders. Change in non-farm payrolls: +266,000 vs. +180,000 expected and +156,000 in… Continue Reading…
December 4, 2019
“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…
December 4, 2019
“The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month. The signed contracts become final purchases 1-2 months later. Still, declining mortgage rates over time have lifted… Continue Reading…
December 3, 2019
“US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post. Since the financial crisis in 2008, corporations have splurged… Continue Reading…
November 25, 2019
““We do need to get over some of these hurdles that are a problem for business-sector spending of which is both U.S.-China trade concerns as well as things like Brexit and other geopolitical risks,” the firm’s head of U.S. economic… Continue Reading…
November 20, 2019
“Of course, this is basically true all the time — consumer spending accounts for about 70% of GDP growth. But right now, investors see slowing manufacturing activity, slowing corporate investment, and slowing global growth as putting even more pressure on U.S. consumers… Continue Reading…
November 19, 2019
“Youngstown, Ohio How Much For A One Bedroom? $600 a month Derby, Kansas How Much For A One Bedroom? $599 a month Amarillo, Texas How Much For A One Bedroom? $597.50 a month Conway, Arkansas How Much For A One Bedroom? $555 a month… Continue Reading…
November 13, 2019
“Dan Schulman, CEO of digital payments giant PayPal, told CNBC on Wednesday that spending activity by their nearly 300 million users remains high, strengthening his optimism about the future of the overall U.S. economy. “In the U.S., consumer spend is still strong,” Schulman… Continue Reading…
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