Published: March 5, 2024 at 10:02 a.m. ET Story developing. Stay tuned for updates here. The numbers: U.S. factory orders fell 3.6% in January large due to fewer contracts for Boeing passenger planes, but there was not much sign of a broad revival among manufacturers. Economists surveyed by the Wall Street Journal had forecast a … Read more
US economic growth was slightly weaker than previously estimated in the fourth quarter last year, according to government data released Wednesday, due mainly to a downward revision to business investment. GDP growth in the world’s biggest economy was revised to an annual rate of 3.2 percent in the final three months of 2023, from an … Read more
For months now, the historically reliable Conference Board’s leading economic index has signaled a recession ahead for the U.S. economy but it has not materialized. In December, slightly more than half the indicators were positive, although the overall index fell 0.1% following a 0.3% in the prior month. On Tuesday, markets and economists will get … Read more
robust recession indicator, but has been wrong so far in the current interest rate cycle. (Photo by Spencer Platt/Getty Images) Getty Images Yield curve inversion has historically predicted U.S. recessions with greater accuracy than many other economic indicators. The signal has suggested a recession could be coming since summer 2022, but the U.S. economy continues … Read more
Updated Jan. 16, 2024 12:39 pm ET Chinese Premier Li Qiang gave global business elites a big hint on highly anticipated growth figures, as he sought to reassure them that investing in China is an opportunity—not a risk. Li delivered the message in an address at the World Economic Forum in Davos, Switzerland, as Chinese … Read more
If the consensus on Wall Street is often wrong — and evidence from 2023 does little to dispel that notion — then in the year ahead investors are facing either the mother of all rallies or a selloff for the ages. That’s because most investment outlooks from major banks, advisers and asset managers envisage the … Read more
Updated Dec 18, 2023, 02:43pm EST Topline During oft-tense discussions pervading holiday festivities, there are several surefire ways to sound smart about the headline-grabbing U.S. economy, according to Bank of America’s annual primer released Monday. cheer this December. Anadolu Agency via Getty Images Key Facts Bank of America economists led by Michael Gapen laid out … Read more
Bank Building getty Commercial banks have been trimming their business loans over the course of 2023. The drop off is small and consistent with the leveling off of total loans of all kinds this year. This change does not—yet—warrant pessimism about the overall economy. But the economic fears that drive the change—on the part of … Read more
U.S. economy growing faster than expected – CBS News Watch CBS News The U.S. gross domestic product — the broadest measure of economic activity — grew a revised 5.2% in the third quarter of 2023. That’s the highest quarterly GDP growth in nearly two years, according to the Bureau of Economic Analysis. Reade Pickert, Federal … Read more
Published: Nov. 22, 2023 at 3:07 p.m. ET Wall Street’s favorite permabear is back with a warning for anybody who believes the U.S. economy is destined for a “soft landing” in 2024. In his latest note to Société Générale clients, Albert Edwards, the Société Générale global strategist widely followed for his bearish takes on the … Read more