Bloomberg reported that Bill Gross, who runs the world’s largest mutual fund, said the U.S. is “approaching recession when measured by employment, retail sales, investment and corporate profits.” read more

JUL 17, 2012 - 7:20 am

The recently released minutes of the June FOMC meeting showed that the Fed forecast for GDP growth in the near term was revised down. The Fed said recent developments in Europe and tighter domestic financial conditions led the staff to revise down medium-term forecast as well. read more

JUL 12, 2012 - 7:35 am

The Labor Department said jobless claims fell in the week ending June 30. The advance figure for seasonally adjusted initial claims was 374,000, a decrease of 14,000 from the previous week’s revised figure of 388,000. read more

JUL 6, 2012 - 7:10 am

The Institute for Supply Management said its Non-Manufacturing Index registered 52.1% in June, 1.6 percentage points lower than the 53.7% registered in May, indicating continued growth at a slower rate. read more

JUL 6, 2012 - 7:05 am

Economic activity in the manufacturing sector contracted in June for the first time since July 2009. However, the overall economy grew for the 37th consecutive month, according to the latest Manufacturing ISM Report On Business. read more

JUL 2, 2012 - 3:15 pm

In an article that appeared on The Plain Dealer website, equipment finance companies are saying that lending to Ohio-based manufacturers is up by 15% to 20% or more from last year. read more

JUL 2, 2012 - 7:05 am

Bloomberg reported that economists are saying that U.S. manufacturing probably expanded in June at the slowest pace in eight months, indicating the industry may provide less support for the U.S. expansion. read more

JUL 2, 2012 - 7:00 am

According to the latest Deloitte CFO Signals survey, CFO optimism last quarter took a solidly positive turn after two dismal quarters to end 2011. However, amid a continued stream of bad global economic news in Q2/12, CFOs grew more pessimistic. read more

JUN 29, 2012 - 7:17 am

The crisis in Europe is weighing on U.S. economic confidence, but healing in the U.S. housing market is a glimpse that better economic times lay ahead, according to a report released by TD Economics. read more

JUN 28, 2012 - 7:30 am

New orders for manufactured durable goods in May increased $2.3 billion or 1.1% to $217.2 billion, the U.S. Census Bureau announced in its advance report. This increase, up following two consecutive monthly decreases, followed a 0.2% April decrease. read more

JUN 27, 2012 - 1:00 pm

The results of Business Roundtable's second quarter CEO Economic Outlook Survey for 2012 show a slight downturn in CEOs' expectations for sales, capital spending and hiring for the next six months. read more

JUN 21, 2012 - 7:20 am

The Commerce Department reported that U.S. exports year-to-date through April 2012 reached $725.8 billion, up 6% from last year. The report noted that manufacturing remains a bright spot. read more

JUN 13, 2012 - 7:05 am

Bloomberg said, according to a Fed study, that the financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8% plunge from 2007 to 2010 that was led by the collapse in home prices. read more

JUN 12, 2012 - 7:00 am

The financial crisis in Europe poses significant risks to the U.S. financial system and economy, and the Federal Reserve remains prepared to take action as needed to protect the U.S. in the event that financial stresses escalate, Fed Chairman Ben Bernanke testified before the congressional Joint Economic Committee today (6/7/12). read more

JUN 8, 2012 - 7:10 am

The Fed's recently released Beige Book noted that overall economic activity expanded at a moderate pace. However, concern about a slowdown in Europe and domestic political uncertainty may affect future business conditions. read more

JUN 7, 2012 - 7:30 am