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Pre-Pandemic Job Levels Not Happening Until 2023, Economists Survey Says
Monday, March 22, 2021 - 6:15pm | 583Read More...The U.S. job market is unlikely to return to its pre-COVID-19 pandemic levels until 2023 or later, according to a new survey released by the National Association of Business Economists (NABE). GDP Muscle Building: The organization, which has more than 2,900 members, conducted its latest NABE...
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US Congressional Lawmakers Agree To Long-Awaited $900-Billion COVID-19 Relief Bill (Update)
Sunday, December 20, 2020 - 6:53pm | 573Read More...U.S. lawmakers have agreed to the much-awaited stimulus bill to offset the economic impact of the COVID-19 pandemic. What Happened: Senator Majority Leader Mitch McConnell first announced that the $900 billion deal had been reached. House Speaker Nancy Pelosi in a press conference...
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Cramer Says Getting Over Coronavirus Crisis 'Not Enough' To Lift The Economy
Thursday, May 28, 2020 - 9:44am | 403Read More...Beating the COVID-19 pandemic is "not enough" to lift the economy back to its prior glory, and bulls are "confused," CNBC's Jim Cramer said Wednesday on "Mad Money." What Happened Travel, retail, restaurant and other "recovery" stocks have seen...
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Fed President Warns Of 'Long Hard Road' Ahead, Suggests 18-Month Strategy To Recover From Coronavirus Outbreak
Monday, April 13, 2020 - 6:03am | 463Read More...Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter. Federal Reserve Bank of Minneapolis’ President, Neel Kashkari, dismissed the notion of a V-shaped recovery post the COVID-19 pandemic ...
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Bernanke On How Coronavirus Differs From The 2008 Economic Crisis
Wednesday, March 25, 2020 - 11:06am | 496Read More...The 2008 financial crisis was the result of the collapse of the financial system but the coronavirus could have the opposite impact of trickling its way towards the financial system, according to former Fed Chairman Ben Bernanke. Different Type of Financial Crisis The 2008 crisis started with the...
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Financial Pro Says Trump 'Solidified' Fears Of Economic Slowdown
Thursday, March 12, 2020 - 12:40pm | 443Read More...President Donald Trump's travel ban impacting Europe "solidified some of the fears" that the U.S. or global economy will soon hit a "pause button," KKM Financial's Jeff Kilburg said on CNBC's "Worldwide Exchange" Thursday. The "velocity" of...
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China's 2019 GDP Growth Slowest Since 1990, As Trade War, Domestic Turmoil Takes Toll
Friday, January 17, 2020 - 2:32am | 366Read More...China's economy grew by 6.1% in 2019, the National Bureau of Statistics of China said Friday. What Happened This is the slowest annual growth for China's gross domestic product since 1990, when international sanctions following the Tiananmen Square Massacre weakened the country's...
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Hong Kong Leader Says City's Financial Systems Not 'Undermined,' While GDP Sinks To The Lowest In Decade
Monday, January 13, 2020 - 5:25am | 481Read More...The "strengths and resilience" of Hong Kong's financial systems "have not been undermined" in spite of geopolitical and domestic unrest facing the Chinese autonomous region, or so the city's Chief Executive Carrie Lam told Asian Financial Forum on Monday. What Happened...
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The Next Freight Recession And What You Can Do About It
Friday, January 18, 2019 - 1:28pm | 1336Read More...Last year was one of the strongest years for transportation and logistics companies. E-commerce continued to gain market share and increase demand for parcel shippers; tariff uncertainty and freight pull-forward put a premium on warehousing space and services; steamship lines achieved something...
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Cramer Says There's A 'Stock Shortage'
Wednesday, August 8, 2018 - 2:31pm | 367Read More...A quiet trend continues to emerge in stocks that isn't receiving enough attention, according to CNBC's Jim Cramer: a stock shortage at a time when the average American is saving more money and investing in risk-averse index funds. What He Said The economy continues to perform well for the...
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Argus Turns Neutral On Arconic Amid 'Challenging Outlook'
Thursday, May 31, 2018 - 2:11pm | 382Read More...With Arconic Inc (NYSE: ARNC) shares down by around 40 percent since their peak of more than $30 per share in January, Argus dropped its bullish stance on the stock Thursday. The Analyst Argus analysts John Eade and Emily Sayles downgraded Arconic from Buy to Hold...
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Warren Buffett Isn't 100% Convinced The Economy Grew 3%
Wednesday, August 30, 2017 - 1:15pm | 344Read More...The U.S. economy grew by 3 percent in the second quarter, which not only marks a major improvement from the original 2.6 percent growth figure last month, but represents the fastest pace of growth seen in two years. But billionaire investor Warren Buffett isn't 100 percent convinced this figure...
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U.S. Economy Showing Some Signs Of Cracking
Wednesday, September 7, 2016 - 8:45am | 306Read More...The resiliency of the U.S. economy is now being questioned after Tuesday's economic data report indicates cracks are starting to appear. According to Bloomberg, Tuesday's "abrupt" drop in the Institute for Supply Management's services gauge to a multi-year low represents yet another weak data set...
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Your Guidebook For The 2016 Economy
Wednesday, December 30, 2015 - 3:28pm | 1035Read More...As you already know, there are no guarantees when it comes to the stock market and investing. The sensitive, responsive, and sometimes unpredictable nature of the markets is what keeps things interesting, however. Investing can provide many opportunities for growing your wealth. Even though it...
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Zatlin: Persistent Inventory Overhang Is Leading To Layoffs
Tuesday, September 8, 2015 - 2:59pm | 1030Read More...This article was originally published on Moneyball Economics. Inventory levels are too high… across all sectors. More critically, they have been surging for months, and are back to recessionary levels. It’s a demand problem: a year-long decline in stagnant sales and new orders...
