Economy
Economy Articles
The Institute for Supply Management has shown a dire picture of the U.S. economy.
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The Congressional Budget Office is forecasting a decline of 12% in U.S. GDP for the second quarter.
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The U.S. economy has already seen its short-term interest rates taken down to zero-percent, and the Federal Reserve has injected trillions of dollars into the economy with asset purchases and other...
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U.S. gross domestic product saw its steepest contraction since the Great Recession more than a decade ago, and the writing is on the wall that GDP will become much worse in the second quarter.
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Italy, suffering from one of the highest COVID-19 death rates in the world, crushing sovereign debt and a collapsing economy, took another blow as rating agency Fitch cut its credit rating to just...
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As U.S. cities and states begin to relax stay-at-home orders, the real test of how quickly the country's economy can recover depends on how willing people are to resume their normal activities. That...
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Now that the U.S. Federal Reserve has committed to yet another round of massive asset purchases, it’s important to understand just how much quantitative easing there is in the world. On top of the...
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Some economic reports still showed pockets of growth until well into March. That won't be the case for the upcoming economic reports for April, May and June.
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The latest Dallas Federal Reserve manufacturing report for Texas has atrocious numbers, showing just how bad things are in the region.
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The recession is crushing the lottery along with everything else. Buying a lottery ticket may have become a luxury expense, now that over 26 million American workers have filed for unemployment in...
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The University of Michigan Consumer Sentiment Index plunged month over month, the largest drop in nearly 50 years.
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Tthe U.S. Department of Commerce's report on durable goods showed just how bleak the manufacturing of big-ticket items was in March.
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Businesspeople in German signaled that they have come close to losing all hope for the economy now and in the foreseeable future, based on a widely followed survey. It is another sign that, country...
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The United States government has been unleashing an unprecedented flood of money to stabilize the economy and act as stimulus. Interest rates are already now back at zero-percent, and the Federal...
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IHS has released its widely followed Markit Flash Eurozone PMI. The figures were unbelievably bad. The Flash Eurozone PMI Composite Output Index hit 13.5 from 29.7 in March. Its record low was in...
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