President Joe Biden’s State of the Union (SOTU) speech included a brief mention of China, but the language was carefully trimmed to avoid saying anything that might offend Beijing, beyond the most cursory mention of Taiwan.
Consumer spending was revised lower but government spending, business investment, and residential investment were all revised higher.
The specter of a coming economic slump haunts the return to growth shown in U.S. economic data for the third quarter.
The economy very likely grew in the third quarter, but that growth will not last.
A second consecutive quarter of contraction.
Another fake news anchor who cannot keep the facts straight on economic growth in the age of coronavirus.
MSNBC anchor Brian Williams bungled the math on GDP on Thursday night.
The German economy suffered a record-breaking economic contraction in the second quarter as measures intended to stymie the coronavirus pandemic shuttered businesses and required consumers to stay home. The economy shrank at an annualized rate of 34.7 percent in the
Compared with a year ago, economic output was 9.2 percent lower, the steepest decline on record.
Terrifying annualized figures risk producing an exaggerated view of the economic toll of the coronavirus.
European Finance Commissioner Paolo Gentiloni has warned that the Wuhan coronavirus pandemic may be hurting the economies of European Union states more than was previously forecast.
Bernie Marcus and John Catsimatidis write in the Wall Street Journal about how the so-called rich can best, and do, contribute to the American economy. Hint: It’s not necessarily by paying more taxes.
Third quarter U.S. gross domestic product (GDP) was slightly revised to 3.4 on Friday, the third estimate nearly unchanged from the 3.5 percent second estimate.
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
U.S. GDP rocketed up to 4.1 percent in Q2, a rise far outpacing the Q1 2.2 percent. The rise is the fastest since 2014, according to reports.
The American economy grew slightly less than initially estimated in the first three-months of 2018, the Commerce Department said Wednesday.
A lower than expected retail sales number Wednesday has many economists revising down their forecast of first quarter gross domestic product.
Consumer spending and business equipment investment accelerated but trade and inventories dragged down overall economic growth.
The International Monetary Fund said the U.S. would grow faster than expected thanks to President-elect Donald Trump’s plans to cut taxes and increase spending on infrastructure.
During the 2016 election, both candidates promised to bring manufacturing back to the U.S.
Fiscal analysis by FreedomWorks, the Washington-based organizing and logistics hub for Tea Party and conservative activists across the country, revealed that Hillary R. Clinton’s tax and spend proposal will drag the economy and generate $2.153 trillion in new federal debt over a 10-year projection.
The City of Houston appears to be following the path of the nation of Greece in terms of financial ruin. News sources daily are keeping us appraised of the continuing Greek debt crisis. Greece has a debt of 170% of their Gross National Product.
Another way to interpret this perpetual excuse-making about cold winters and unpredictable variables is that Obama’s central-planning gurus didn’t leave the free-market economy with enough strength and freedom of action to deal with setbacks. The crushing burden of carrying our insanely expensive, corrupt, incompetent central government leaves businesses with insufficient capital and limited options to either exploit opportunity, or prepare for reversals.
