Economy

Another weak data point shows China's economy is 'now facing relatively obvious downward pressure' – CNBC
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CNBC Another weak data point shows China's economy is 'now facing relatively obvious downward pressure'CNBCA private manufacturing survey hit a 14-month low in August as the Caixin/Markit Purchasing Manager's Index (PMI) came in at 50.6 — the weakest since June 2017. Although output continued to expand, new orders rose at their slowest pace since May […]

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The Wisdom of Frugality: The Philosophy of Frugality in a Modern Economy
www.thesimpledollar.com

This is the sixth entry in an eight-part weekly series that provides a detailed look at the book The Wisdom of Frugality by Emrys Westacott. If you’re new to the series, feel free to hop back to the first entry. One of the biggest arguments against frugality is that it appears to be unambitious, at […]

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Retirement in the Age of Uber: Can Gig Economy Workers Ever Call it Quits?
www.thesimpledollar.com

There are many upsides to the gig economy and freelance work, like the flexible schedule, the autonomy of being your own boss, and, if it’s a side hustle, the ability to earn extra income to pay off bills or save for special purchases. But a path to a stable retirement does not appear to be […]

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US Economy Was Weaker Last Quarter Than We Thought – Wall Street Journal
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Wall Street Journal US Economy Was Weaker Last Quarter Than We ThoughtWall Street JournalWASHINGTON—Economic growth was slower at the beginning of this year than the government previously reported, as consumers pulled back spending and the housing market weighed down output. Gross domestic product, a broad measure of the goods …US first-quarter GDP growth lowered; weekly jobless […]

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Breaking from GOP orthodoxy, Trump increasingly deciding winners and losers in the economy – Washington Post
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Washington Post Breaking from GOP orthodoxy, Trump increasingly deciding winners and losers in the economyWashington PostPresident Trump is increasingly intervening in the economy, making decisions about corporate winners and losers in ways that Republicans for decades have insisted should be left to free markets — not the government. The shift amounts to a major change […]

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US Fed Hints Policy Shift as Economy Ready for Yet Another Rate Hike – Sputnik International
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Sputnik International US Fed Hints Policy Shift as Economy Ready for Yet Another Rate HikeSputnik InternationalThe US central bank under Jerome Powell is expected to introduce innovative and untested monetary policy measures to help President Trump reform the staggering US economy. Kristian Rouz – After President Trump picked Jerome Powell to chair the …and more »

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Yellen sounds upbeat on economy, signaling likely rate hike – CNBC
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CNBC Yellen sounds upbeat on economy, signaling likely rate hikeCNBCFed Chair Janet Yellen gives a bright outlook for the U.S. economy and inflation in the coming months. Her comments suggest the Fed will soon resume raising interest rates. Most economists expect a rate hike in December. Published 7 Hours Ago Updated 1 …Yellen Calls Inflation the […]

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Bonds Slide on Tax Plan, Economy; Golds Edges Down: Markets Wrap – Bloomberg
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Bloomberg Bonds Slide on Tax Plan, Economy; Golds Edges Down: Markets WrapBloombergA global bond rout deepened amid growing optimism over the health of the U.S. economy and President Donald Trump's tax-cut plan. Stocks were mixed as investors began to assess the implications of the much-anticipated tax proposal.Markets pick up after Trump tax planFinancial Times Is […]

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Foot Locker's Woes – In A Market Economy Those Who Live By Fashion's Vagaries Will Die By Them – Forbes
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Washington Post Foot Locker's Woes – In A Market Economy Those Who Live By Fashion's Vagaries Will Die By ThemForbesI have opinions about economics, finance and public policy. Opinions expressed by Forbes Contributors are their own. It might seem a little odd to be using the stock price decline at Foot Locker to reveal a […]

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Japan's exports rise in July, underpin strengthening economy – Reuters
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Reuters Japan's exports rise in July, underpin strengthening economyReutersTOKYO (Reuters) – Japan's exports rose for an eighth straight month in July on robust shipments to the United States and a boost from a weak yen, suggesting the economy is carrying strong momentum through to the second half of the year. The data …Japan Reports Trade Surplus […]

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Brightening economy sets euro up for strongest quarter since debt crisis – Reuters
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Reuters Brightening economy sets euro up for strongest quarter since debt crisisReutersA man (3rd L) looks at an electronic stock quotation board as passers-by walk past, outside a brokerage in Tokyo, Japan January 20, 2016. REUTERS/Toru Hanai. By Abhinav Ramnarayan | LONDON. LONDON The euro came off yearly highs on Friday but …Sell-off continues for Europe's […]

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