Economic News

S&P 500 Declines on Fed Silence; U.S. Dollar Soars on Strong Data; Economy Gained Momentum in Second Quarter

S&P 500 Declines on Fed Silence (Bloomberg) A lack of news from the Federal Reserve reversed Tuesday’s stock...

Daily Data Flow: U.S. Market Finishes Week Strong; Dollar Hits Five-Week Low; Consumer Sentiment Rises to Six-Year High

The S&P 500 made a comeback from early losses to finish higher on Friday, as investors await upcoming...

Facebook Finally Figures It out; Newest English Royal Already Setting Country Right; SAC Left Holding the Bag

Shares of the social media monster are set to jump 17 percent this morning, riding the momentum of...

Good Data Propels Europe; Home Sales Hit Five-Year High

Good Data Propels Europe (CNBC) Better-than-expected purchasing managers' index (PMI) data for the euro zone led to further...

Consumers Spending like U.S. Economy’s Recovering Nicely; Detroit is Not Alone in Dire Straits; Japanese Vote to Push Ahead with Economic Reforms

Investors hear a different opinion each week as to whether the U.S. economy actually is recovering, or merely...

Daily Data Flow: Stocks Fall on Fed Official’s Comments; U.S. Dollar Drops Against Euro; Inflation to Rise as Stimulus Slows

Stocks Fall on Fed Official's Comments (Bloomberg) Stocks fell on Tuesday, as the S&P 500 ended its longest winning...

Daily Data Flow: U.S. Stocks Rise as Earnings Season Starts; Dollar Beats Euro on Fed Speculation; Nationwide Retail Sales Disappoint

The dollar climbed against both the euro and yen today, as traders said last week’s selloff was overdone.

Good Economic News out of China? SEC Takes on Goldman’s Big Bad Wolf; The Most Powerful Testimonial in the World

The Chinese National Bureau of Statistics released economic performance figures today for the world’s second-largest economy. In a...

Tax Policies, Excessive Debt Hurt Economic Growth

LAS VEGAS--Tepid economic growth is hampered by countries that impose punitive tax policies and engage in runaway deficit...

Parasitic Policies Hurt America’s Economy, Laffer Says

LAS VEGAS--A “parasitic leakage” is occurring in America with the government assessing excessive tax revenues and squandering part...