Economic News

Job Report Exceeds Expectations, Reaches Historic Milestone

It was just yesterday that economists and observers were offering their best guesses for what promised to be an interesting jobs report. Complicated by the longest partial government shutdown in history, expectations had pegged the number of payrolls being added at 165,000. In actuality the report released by the Labor...

Now-Ended Partial Government Shutdown to Complicate Jobs Report

On Friday, the Labor Department will release its monthly jobs report for the first month of the year. While the figures it will contain are expected to be solid, the partial government shutdown that was in place for much of January will lead to a very interesting report overall. For...

Morgan Stanley Advises Investors to "Embrace" Potential Recession

The last week of 2018 was a wild one on Wall Street. Following the worst Christmas Eve on record — which saw indexes fall to their lowest point of the year — Boxing Day brought a rally that resulted in the largest single-day point gain in the history of the...

Survey Finds 37% of Americans Overspent This Holiday Season

In 2018 Americans spent more than $850 billion during the holiday shopping season. That spending level not only rose 5.1% from 2017 but also made it the highest total in six years. Now, according to a new survey by the personal finance site WalletHub, more than one-third of shoppers say they...

Which States are Most Affected by Government Shutdowns? 2

As you're surely aware the United States federal government is currently involved in a partial shutdown. While such shutdowns have become fairly common in recent years, the latest seems a bit different in that its now past the two-week mark with no end in sight. This led the personal finance...

U.S. Stock Markets Close Worst Year in a Decade

The U.S. stock markets managed to end the year with a rollercoaster run, leading to a winter flurry of headlines. Following the worst Christmas Eve trading session ever — that resulted in the Dow Jones Industrial Average losing more than 650 points and brought the S&P 500 into a bear...

2018 Holiday Shopping Season Reaches Six-Year High

It seems as though many retailers have reason to celebrate about now as a new report indicates that the 2018 holiday shopping season was the strongest in years. According to a MasterCard report, this year's sales (measured from November 1st to December 24th) were up 5.1% over 2017 and managed...

Stock Market Losses Deepen on Christmas Eve, S&P Falls Into Bear Market

It has not been a good month for the stock market. In fact, as CNN Business reports, last week marked the worst week of trading since 2008 and the markets look to be on their way to the worst December since the Great Depression (yes, "Depression" — not "Recession"). Meanwhile the...