When you’re a central banker, sometimes it’s your job to stand up before the world’s financial markets and deliver a statement that conveys almost no new information.
The US produced just 38,000 jobs in May, the worst monthly performance since 2010, in a surprise throwing considerable uncertainty on an economy that recent data suggested was relatively healthy.
Maybe he was playing to the crowd, but in a lecture at the London School of Economics last month (around the 55-minute mark), Northwestern University economics professor Robert Gordon spotlighted an interesting policy prescription for combatting America’s student debt problem.
Brazil’s economy is still shrinking.
The evidence is piling up.
The US spring home selling season is roaring forward in the US, with new home sales surging 17% in April, the fastest clip since January 2008.
It should come as no surprise that US president Barack Obama’s first visit to Vietnam was accompanied this week by a flurry of deal-making.
Apple is dealing with a rising challenge to its supremacy as the world’s largest public company by market value, from Google parent Alphabet.
Houses and cars.
US dairy farmers boosted production in recent years amid soaring global dairy prices. But now, a persistently strong dollar has hammered US dairy exports. The result? An America awash in relatively cheap cheese.
The company run by the world’s most famous value investor, Warren Buffett, built up a position in Apple worth roughly $1 billion in the first quarter of 2016. The investment is yet another sign that the iPhone maker’s days of explosive growth might be permanently fading into the past.
The king is dead. Long live the king.
One of the best high-frequency gauges of US economic health is weekly new applications for unemployment benefits.
All of the sudden, the smart money doesn’t seem so smart.
More of the youngest Americans are already leading completely wireless lives, a fact underscored by a release of federal data on the share of houses without landlines.
Everybody loves Denmark. And there’s lots to love.
Economists are know-it-alls.
A fresh update on the state of the US economy is due this morning at 8:30am US eastern time, with economists expecting to hear that some 200,000 new jobs were created during the month of April. Some are betting on even better job creation for the month. Citing recent data on strength in the large US service sector, analysts at Goldman Sachs boosted their forecast for the report. The bank now expects that some 240,000 jobs were created in April.
Few have watched the development of the Chinese economy as closely as Arthur Kroeber.
Remember Europe? Me neither!
The market likes what it sees. Earnings from e-commerce behemoth Amazon.com pleased investors, sending shares soaring by more than 12% in after-hours trading. The short version? Amazon’s cloud-computing business is going strong, raking in $2.57 billion in revenue in the first quarter.
The curse of the first quarter strikes again.
More than $40 billion in Apple market value just went poof.
When money wants to run, it can be awful tough to stop.
