Economy

Small Business Bankruptcies Shrink For Fourth Straight Quarter

Small business bankruptcies continued their decline in Q2/12 shrinking by nearly 17% from the previous quarter, according to Equifax's Small Business Bankruptcy Report. read more

Private Company Optimism Dip as Uncertainty Persists

The percentage of surveyed executives reporting optimism about the U.S. economy in Q2/12 dropped from the previous quarter, according to PwC US's Private Company Trendsetter Barometer. The percentage of executives voicing uncertainty and pessimism, meanwhile, rose slightly. read more

America’s Energy Seen Adding Jobs Along With 3% GDP

Bloomberg reported that U.S. natural gas production will expand to a record this year with a surge in development that has spurred $226 billion in spending plans, most slated for the next five years. read more

Wells Fargo: Business Owners Plan Less Capital Spending

Wells Fargo said its Small Business Index declined six points, which virtually erases gains experienced earlier this year. The report notes that a smaller percentage of business owners plan to make capital investments due to concerns about the economy. read more

ISM: U.S. Services Sector Activity Grows in July

The Institute for Supply Management said its Non-Manufacturing Index indicated continued growth in July at a slighter faster rate and economic activity in sector grew in July for the 31st consecutive month. read more

Equities Rise to Highest Level Since May on Jobs Report

Bloomberg reported that U.S. stocks rallied, sending the Standard & Poor’s 500 Index to the highest level since May, after Labor Department data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high... read more

PayNet: U.S. Small Business Lending Takes a Dive in June

The pace of borrowing by small businesses took a sharp turn downward last month, indicating slow economic growth will continue for at least the next quarter, according to the June Thomson Reuters/PayNet Small Business Lending Index report. read more

NACM: ‘Problems Besetting Economy Have Not Abated’

The National Association of Credit Management reported that its Credit Managers’ Index reflects the grim reality of the economy of summer 2012. The NACM said the problems besetting the economy earlier in the year have not abated. read more

TD Bank Survey: Fewer Small Businesses Plan to Hire

Despite more than one-third of polled small business owners reporting that they are somewhat or significantly understaffed, most don't plan to hire in the upcoming months, according to a new survey by TD Bank. read more

Bloomberg: Fed Weighs Cutting Rates on Bank Reserves

Bloomberg reported that Fed chairman Ben S. Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. read more

Orders Signal Slowdown in U.S. Business Spending

Bloomberg said the latest data from the Commerce Department on June orders for equipment signals U.S. business investment will probably cool in the second half of the year and contribute less to economic expansion. read more

NCMM: Middle Market Continues to Lose Confidence

The National Center for the Middle Market, a partnership between Ohio State University and GE Capital, says the middle market continues to lose confidence in the global and U.S. economies. read more

Bloomberg: Growth Cooled as American Curb Spending

Bloomberg is reporting that the U.S. economy probably expanded in the second quarter at the slowest pace in a year as a weaker labor market prompted Americans to cut back on their spending. read more

Beige Book: Economic Activity Expands at Modest Pace

According to the Fed's recently released Beige Book, reports from the twelve Federal Reserve districts suggest indicated that overall economic activity continued to expand at a modest to moderate pace in June and early July. read more

Bernanke Highlights Risks to Economic Growth to Congress

In the Federal Reserve's semiannual Monetary Policy Report to Congress, Fed chairman Ben Bernanke noted that economic activity has decelerated during the first half of 2012 and cited the euro-zone crisis, tight borrowing conditions in the U.S., restraining effects of fiscal policy and fiscal uncertainty as risks to future growth. read more

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