Wage Growth Accelerated in 2020 Amid Tight Labor Market

The competitive job market continues to drive wage growth higher, according to the latest Paychex | IHS Markit Small Business Employment Watch. read more

WSJ: CEOs Worry About 2020 Recession

The Wall Street Journal reported that U.S. CEOs fear a recession in the year ahead, citing a slowing economy and a hazy trade outlook at top concerns. read more

Fed Survey: Conditions Worsen in Oil & Gas Sector

Activity in the oil and gas sector dipped again Q4/19, according to oil and gas executives responding to the Dallas Fed Energy Survey. read more

BEA: Q3 U.S. Business Investment Down Despite GDP Increase of 2.1%

Real gross domestic product (GDP) increased 2.1% in Q3/19, according to the third estimate released by the Bureau of Economic Analysis. read more

Durable Goods Orders Drop $5B in November

New orders for manufactured durable goods in November decreased $5.0 billion, or 2.0% to $242.6 billion, according to the U.S. Census Bureau. read more

Citi Outlook 2020: Global Growth Can Endure Over the Coming Year

Citi Private Bank released its Outlook report for 2020, which asserts that global economic growth can endure through 2020. read more

CMI November Increase Signals Possible Upswing for Retailers

The Credit Managers’ Index from the National Association of Credit Management is trending upward as 2019 comes to a close, signaling what could be a positive holiday season for retailers. read more

Fed: Economic Activity Continues to Rise at Moderate Rate

The Federal Reserve reported that information received since the Federal Open Market Committee met in September indicates that the labor market remains strong. read more

Phoenix Survey: Lenders Increasingly Pessimistic About U.S. Economy

According to the third quarter 2019 Phoenix Management “Lending Climate in America” survey, lenders are increasingly pessimistic of the U.S. economy in both the near and long term. read more

Reuters: HSBC to Cut Up to 10,000 Jobs

According to Reuters, HSBC plans to cut up to 10,000 jobs or 4% of its workforce in an effort to reduce costs. read more

QuickBridge Releases eBook on Impact of Tariffs on Small Businesses

Alternative lender QuickBridge released “Tariffs and Small Businesses: Exploring the Real-World Implications of Recent Tariffs,” an eBook on the impact recent tariffs have had on small businesses in the U.S. read more

NACM: August CMI Improves, But with Some Setbacks

The Credit Managers’ Index saw a positive uptick in August, climbing out of the lower index from July, with a combined score read of 55.2, a reading safely in the expansion territory. read more

Wells Fargo: Investor Confidence at Three-Year Low After Market Tumult

According to the Wells Fargo/Gallup Investor Optimism Index, U.S. investor optimism fell to its lowest point since the fourth quarter of 2016. read more

Business Roundtable Raises Alarm over Renewed Trade War Threats

Bloomberg reported rising alarm from business leaders over President Donald Trump’s threats to ban business with China, with Business Roundtable President and CEO Josh Bolton warning the on-going trade war could depress new investments. read more

Manufacturing Sector Contracts for First Time Since 2009

According to the Washington Post, the manufacturing sector has contracted for the first time since 2009, with the U.S. manufacturing purchasing managers’ index falling to 49.9 in August. read more

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