Factory Order Growth Grinds To A Halt, Business Demand Tepid Ahead of Election
Growth in orders for durable goods to U.S. factories slowed in August, casting a shadow on Vice President Kamala Harris' claims that the Biden-Harris administration's policies have strengthened America's industrial power. The Commerce Department said Thursday that durable goods orders did not increase at all in August. However, this was better than expected. Economists had […]
Second quarter GDP locks in at 3 percent growth
U.S. gross domestic product (GDP) grew at an annualized rate of 3% in the second quarter, signaling the economy's strong performance in a high-interest rate environment set by the Federal Reserve. The Commerce Department's third estimate of actual GDP growth came in at 3%, confirming its second estimate, which also came in at 3%. Both […]
China announces new measures to arrest housing slump and boost growth | Chinese economy
China's leaders acknowledged that the central bank's investment stimulus measures this week were likely to be insufficient and vowed to stem the housing market slump and boost growth. China's Politburo pledged the state would make “necessary expenditures” to meet this year's economic growth target of 5 percent, boosting transfers to the poorest and giving local […]
Donald Trump’s Plans Would Boost Economy in Near Term While Kamala Harris’s Would Slow Growth, Penn Wharton Budget Analysis Finds
An influential analysis published this month found that President Donald Trump's tax cuts and spending proposals would jump-start the economy in the short term, while Kamala Harris's would immediately slow economic growth. A budget model from the Wharton School of the University of Pennsylvania shows that in the long run, both candidates' proposals would result […]
Fmr Reagan Economist Blasts Unemployment Spike As ‘Bad Policies’ Result, Argues Trump’s Econ Plan Could Revive Growth
Former Reagan administration economist Art Laffer said on Fox Business on Monday that rising unemployment is the result of “bad policy” and touted the potential for former President Donald Trump's economic plan to restore economic growth. After announcing a 50-point cut in the federal funds rate last week, Federal Reserve Chairman Jerome Powell said one […]
Is the iShares Russell 1000 Growth ETF a Millionaire Maker? – The Motley Fool
It may not be the most popular ETF in the industry, but you can take advantage of its above-average performance here. For many fans of exchange-traded funds (ETFs), iShares Russell 1000 Growth ETF (International Women's Day -0.09%) It's not even close to being on their radar. The $90 billion fund is SPDR S&P 500 ETF […]
Trump Is Right, Migrants Have Enjoyed Most Job Growth Under Biden-Harris Administration
The claim: Former President Donald Trump says mass immigration under President Joe Biden and Vice President Kamala Harris has resulted in an increasing number of immigrants taking American jobs in the U.S. economy. The verdict: Mostly true. Economic studies have consistently shown for months that immigrants are enjoying the lion's share of year-over-year job gains […]
UK economy continues to flatline, confounding forecast of growth – business live | Business
Main Events Show only important events Please enable JavaScript to use this feature Services activity rose 0.1% following a 0.1% decline in June but failed to show the stronger recovery expected, while industrial production fell 0.8%. Construction production fell 0.4% in July. The services sector grew by 0.6% in the three months to July. The […]
‘There Is No Demand Growth’: CryptoQuant Analyst Outlines Factors Behind Bitcoin (BTC) Slump – The Daily Hodl
A lack of demand growth is keeping Bitcoin (BTC) prices depressed, according to head of research at digital asset analytics firm CryptoQuant. Julio Moreno Notes Social media platform X said demand for BTC has decreased and that “essentially all valuation metrics are in bearish territory.” Source: Julio Moreno/X Moreno noted that a key price level […]
Private sector job growth cooled to 99,000 in August as new jobless claims dip
Strategas Chairman and CEO Jason Treynort discusses the revised CPI, real wage and employment data, and the Harris tax increase plan. U.S. private sector payrolls fell more than expected in August as the labor market continued to cool amid high interest rates, according to the ADP national employment report released Thursday morning. Businesses added 99,000 […]