All eyes are on the Fed. When will it begin to raise interest rates? Some say next summer. Others think sooner, in the first quarter of next year. A few Fed governors insist that will be too late, that the Fed needs to act before year-end.
The Russell 2000 Index has had a good month so far in August 2014, rebounding more strongly than the NYSE-dominated indices. But that seeming strength just within August conceals what happened before in July 2014, when the Russell 2000 had a pretty bad month.
Interest rate levels have been confounding many professional investors around the globe. U.S. government benchmark 10-year interest rates began 2014 near 3.00 percent, but they have been sliding back to about 2.40 percent recently.
Since June, a great deal of international focus has been on Iraq, where the transnational jihadist movement Islamic State took over large swaths of the country's Sunni-majority areas and declared the re-establishment of the caliphate.
As the 60-year cycle enters its final few weeks of descent, a few conclusions can be made. We can also make some projections as to what the foreseeable future might hold based on the upcoming bottom of this important economic cycle.
The Philly Fed's Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. The latest gauge of General Activity came in at 28.0, an increase from last month's 23.9.
Economists and central bankers tend to be less focused on what consumers pay at the grocery store because food and energy prices have historically been more volatile — remember, it's just "noise".
Oil and gas are at the heart of the Russian economy and are largely responsible for keeping Moscow’s government budget in balance. But the recent decline in the price of oil from the North Sea and Texas has now spread to Urals crude, giving President Vladimir Putin one more economic headache.
My town’s zoning board, the East Hampton Village Zoning Board of Appeals, met last week and heard several appeals. Two of them made headlines in the East Hampton Star—one involving Steven Spielberg of movie fame, the other Dylan’s Candy Bar.
This past week several reports came across my desk highlighting both the good news and the bad news about the future of automation and robotics. There are those who think that automation and robotics are going to be a massive destroyer of jobs and others who think...