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The US Challenger jobs report this week offered some insight into our economic cycle as well as ongoing upheaval in the energy and automotive sector. US job cuts in the first quarter were 190,410, 10.3% higher than in the final quarter of 2018 and 35.6% higher than the same quarter last year. ...
Consumer Confidence for the month of April was released earlier this morning and handily topped expectations, coming in at a level of 129.2 vs. 126.8. Despite the rebound, the headline confidence reading remains well off its cycle high reading of 137.9 from six months ago back in October. On...
By Jeffrey Kleintop Economic growth rates have been revised lower in recent months by economists and central bankers for countries around the world. Yet, the expected earnings per share growth rate for companies around the world next year has been rising for most of the past eight months a...
By SchiffGold The Commerce Department released the first estimate of Q1 GDP growth on Friday. It came in higher than expected at 3.2%. Somewhat surprisingly, the price of gold rose on the news and the dollar showed some weakness. The primary reason was presumably lower inflation. This me...
Introduction On Friday, a former opinion editor of Investor's Business Daily touted the +3.2% first-quarter GDP report to specifically “rebut” my “mini-recession” scenario. Well, this morning personal income for February and March, and personal spending for Marc...
This April 26th morning we received the first estimate for Q1 2019 GDP, and it looked at first glance to be considerably better than was expected, with the economy expanding at a 3.2% annual pace versus consensus expectations for 2.3% and growth of 2.2% in Q4 2018. Just don't break out the cha...
On 26 June 2016, the new larger locks were opened in the Panama Canal. These new locks not only doubled the capacity of the canal but also raised the maximum ship size from 110 ft. wide, 1,050 ft. long, and 41.2 ft. deep to 180 ft. wide, 1,400 ft. long, and 60 ft. deep. According to the Fi...
By OpenMarkets In earnings season, traders look for a pattern. The re-pricing of assets now has many market watchers re-evaluating their expectations for earnings, says Jack Bouroudjian. He also covers how the yield curve and strong U.S. dollar play into the latest rally. Editor's ...
By Robert Hughes New orders for durable goods jumped 2.7 percent in March, boosted by a 31.2 percent surge in nondefense aircraft and a 17.7 percent gain in defense aircraft. Because of the large per-unit price and the tendency for buyers to place orders for multiple aircraft at once, both...
By Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending April 20, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 37,000 from the previous week's revised level. The previous week's level was revised up by 1...