Economic News
Wal-Mart Cuts Orders 10 Percent Through Year’s End
Consumers have been spending less freely at Wal-mart this quarter than predicted and the global retail giant sees...
Demand for U.S. Capital Goods Climbs as Investment Recovers
Orders for U.S. equipment, such as computers and machinery, climbed in August to show that business spending is...
Walmart and Kohl’s Announce Seasonal Worker Plans
Both Walmart and Kohl’s plan to hire more seasonal workers than they hired last year, according to a...
Debt Will Rise with Population’s Age, Predicts CBO
The Congressional Budget Office (CBO) released forecasts today that project publicly held debt will reach 100% of Gross...
Home Builders’ Confidence Holds Steady
The National Association of Home Builders’ (NAHB) monthly sentiment index remains positive but unchanged from August.
European Auto Sales Dip to 23-Year Low
According to the European Auto Manufacturers Association, passenger car sales in the European Union (EU) this year are...
The Graying of the World: Germans Export Grandma
While many investors acknowledge that the Baby Boomer generation’s creep towards retirement is taxing America’s elder care industry,...
Poor Data Eases Tapering Concerns, Boosts Stocks
Disappointing economic data released today led investors to believe that the Federal Reserve, in its meeting next week,...
U.S. August 2013 Retail Sales Missed Forecast; Barclays Cuts U.S. Q3 GDP Growth Forecast
U.S. retail sales for August missed economists' forecasts, even as demand for automobiles remained strong, indicating a major...
McDonald’s Fattens the World; The Rich Get Richer… at a 75% Discount; Chinese Data Boosts Emerging Markets to Three-Month High
Powered by stronger sales in Europe, McDonald’s posted an unexpected 1.9 percent increase in global sales.