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Why Real GDP Forecasts Are Coming In Higher Than Expected
Tuesday, October 25, 2022 - 3:03pm | 418The U.S. Bureau of Economic Analysis will be reporting on Oct. 28 an advanced estimate of third-quarter gross domestic product (GDP). In the first half of the year, America’s GDP saw two declining quarters of GDP growth, which typically means the country is in a technical recession...
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S&P 500 Closes Out The Third Quarter At New Lows: Can It Bounce Back?
Friday, September 30, 2022 - 3:40pm | 612The S&P 500 closed out a brutal third quarter on a low note this week, hitting new 52-week lows. On Friday, the Bureau of Economic Analysis reported the personal consumption expenditures (PCE) price index gained 6.2% year-over-year in the month of August, down from a 6.3% PCE inflation in July...
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GDP Declines For Second Quarter In A Row, Flashing Strong Recession Signal
Thursday, July 28, 2022 - 9:08am | 432The U.S. economy shrank by an estimated 0.9% from April to June, marking the second straight quarter of negative economic growth and flashing a strong recession signal. What Happened: Gross domestic product, or GDP, dropped 0.9% in the second quarter, according to a...
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US GDP Contracts 5% In Q1 As Corporate, Consumer Spending Plunge: Coronavirus Triggers 'Rapid Changes In Demand'
Thursday, May 28, 2020 - 8:56am | 738The U.S. GDP contracted 5% in the first quarter of 2020, the largest since the 2008 recession. The metric was worse than the 4.8% drop economists projected, and it heralds the end of the nation’s longest recorded expansion period and a steep drop from the previous quarter’s 2.1%...
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7 Key Economic Data/Events To Watch In Q3
Saturday, July 22, 2017 - 4:54pm | 700Economic health is sound enough for the market to expect the Fed to continue with its measured pace of rate increases. Therefore, when Federal Reserve chair Janet Yellen sounded dovish at last week's semi-annual monetary policy testimony, it came as a surprise. The testimony, which cast a cloud of...
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Why Trump's Tax Cut On Repatriated Cash Would Be Great For Investors, And Pretty Much No One Else
Sunday, April 30, 2017 - 1:07pm | 704When Congress passed the Homeland Investment Act of 2004, issuing a one-time repatriation tax cut from 35 percent to 5.25 percent, it intended the influx of funds to bolster domestic operations and create more than a half million jobs over the ensuing years. The actual effects were staggering. Not...
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When Is The Best Time To Visit Florida's Biggest Theme Parks?
Wednesday, February 15, 2017 - 3:09pm | 586Timing is everything. This applies to even for something as inane as entertainment. Orlando, the "theme park capital of the world," has a myriad of attractions. Chief among these are Walt Disney Co (NYSE: DIS)'s Magic Kingdom and Comcast Corporation (NASDAQ: CMCSA)-owned Universal Studios Florida...
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A Decade Of GDP Slowdown: Will Trump Turn It Around?
Friday, January 27, 2017 - 11:25am | 834The U.S. economy under Barack Obama seems to have faltered as the former president hit the homestretch. Advance estimates released by the Bureau of Economic Analysis report on Friday showed that the U.S. economy slowed more than expected in the fourth quarter, rendering the annual GDP growth...
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Gratefulness Multiplies As Thanksgiving Gas Prices To Ease To Third Lowest In Decade
Monday, November 21, 2016 - 10:54am | 639There might be cheer for those who are preparing to be on the road for Thanksgiving. Gas prices may pinch their pockets less this year, leaving them with more disposable income to splurge on spending related to the occasion. Adding To Consumer Cheer This is an added premium over the better...
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A Key Consumer Metric Augurs Well For Upcoming Holiday Season
Monday, October 31, 2016 - 10:05am | 688Consumers are after all a segment that cannot be cowed down by see-sawing fortunes of the U.S. presidential race. Armed with the confidence bestowed by a healthy job market, consumers look set to make this holiday season their own. A report released earlier in the day by the Bureau of Economic...
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Fed's Rate Dilemma Intensifies As Hot, Steaming U.S. Economy Expands At Fastest Clip In 2 Years
Friday, October 28, 2016 - 9:58am | 853The Fed's task is now cut out. The U.S. economy is chugging along at a fairly decent clip and the job market, the spotlight of the Federal Reserve in its monetary policy deliberations, is kicking into top gear. Can it take its next step toward monetary policy normalization in the current...
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U.S. GDP Shows Contraction; What Now?
Monday, June 1, 2015 - 12:42pm | 399On Friday, the U.S. Commerce Department released a revised report of the nation's first quarter GDP, which showed that America's economy shrank by 0.7 percent from January to March. The figure gave markets cause for concern as it suggests that the U.S. economic recovery may not be as strong as...
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GDP Beats Forecast On Upturn in State and Local Spending and Higher Corporate Investment
Wednesday, July 31, 2013 - 9:09am | 397The first estimate of second quarter GDP was released Wednesday morning alongside massive revisions to previous years data that now account for certain forms of research and development spending. However, data for the second quarter beat economists expectations sending S&P 500 futures into a...
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1-800-FLOWERS.COM Delivers Huge Earnings (FLWS)
Wednesday, July 24, 2013 - 3:57pm | 501Started in 1976, 1-800-FLOWERS.COM (NASDAQ: FLWS) delivers flowers, gift baskets, snacks and other small gifts for a total of 11,300 offerings. Growth Factors The company plans to grow organically, but notes it will make acquisitions if needed and has done so in the past. In 2011, 1-800-...
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Wages and Salaries Advance 0.2%, Utilities Drive Modest Spending Growth
Monday, April 29, 2013 - 10:07am | 610In nominal terms, personal income increased $30.9 billion, or 0.2 percent and, after taxes, disposable personal income (DPI) increased $20.7 billion, or 0.2 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $21.0 billion, or 0.2...