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Metaverse Expected To Contribute $760 Billion To US Economy
Wednesday, May 10, 2023 - 10:54am | 158Read More...The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, as per a study by Meta Platforms Inc (NASDAQ: META). The report predicts metaverse's use in the defense, medical and manufacturing sectors, plus entertainment uses...
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How Will the Government Shutdown Impact the Economy?
Tuesday, October 1, 2013 - 7:02am | 599Read More...The House and the Senate were not able to agree on a bill to fund the government and the shutdown has officially started this Tuesday. The republican opposition for the Affordable Care Act remained the major source of conflict within the Congress. Stocks fell Monday as investors anticipated...
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Better Economic Numbers Lead To Stronger Equity Futures
Friday, June 24, 2011 - 8:35am | 106Read More...A nice change of pace this morning, as economic numbers came in generally better than expected, led by the final revision to first quarter GDP and May durable goods. The final revision to first quarter GDP came in at 1.9%, versus estimates of 1.8%. May durable goods came in at 1.9%, versus...
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Fourth Quarter GDP Worse Than Expected
Friday, January 28, 2011 - 9:31am | 102Read More...Fourth quarter GDP was just released and results were worse than expected. Economists were expecting the country to grow at a rate of 3.5%, and it actually grew at a rate of 3.2%. The employment cost index was up 0.4%, which was inline with estimates. The consumption index was up 4.4%, which was...
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GDP Comes In At Estimates, Futures Off Lows
Friday, October 29, 2010 - 8:50am | 121Read More...U.S. GDP. was released for the third quarter, and it came in at 2.0% growth, right in line with expectations. Consumer spending accelerated to rise 2.6% during the quarter. Consumer spending added 1.8% to GDP. Upon further breaking down the report, it it shows that durable goods spending rose 6.1...
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S&P Lowers Economic Forecasts
Monday, August 23, 2010 - 2:32pm | 129Read More...S&P readjusted their U.S. economic forecasts lower for 2010, as reported in the Aug 25, Outlook. This comes as rather after the fact, considering the latest Fed announcement. They lowered their GDP, gross domestic product, forecast for 2010 to 2.8% from the 3.1% they expected a month ago....
