According to the latest D&B Business Failures & Start-ups Analysis, business failures rose 25% during the June quarter to reach their highest level in 12 months. Failures in construction and retail rose 53% and 40%, respectively. read more

AUG 25, 2011 - 8:35 am

The Commerce Department said new orders for manufactured durable goods in July increase 4.0%, which followed a 1.3% increase in June. Non-defense capital goods orders, a gauge for business spending, fell 1.5% in July after gains in June and May. read more

AUG 25, 2011 - 8:17 am

A Capital One survey notes that many U.S. small businesses are experiencing gradual, but continued improvement in financial performance. Credit and financing continues to grow and fulfilling capital needs is becoming less of a concern. read more

AUG 25, 2011 - 8:10 am

Bloomberg reported that in an interview, economist David Rosenberg of Gluskin Sheff & Associates, said the U.S. economy is in a "classic pre-recession pattern" and that "we are on the precipice of the economy contracting between now and the winter." read more

AUG 23, 2011 - 9:08 am

Goldman Sachs said it's cutting the firm's estimates for U.S. growth in the second half to 1% and 1.5% as it sees the economy "losing further momentum." Citigroup and JPMorgan also lowered their 2011 growth forecasts. read more

AUG 22, 2011 - 9:14 am

Moody's lowered its near-term growth outlook with GDP now expected to expand at an annualized rate near 2% during the second half of 2011. The rating agency said prospects for GDP growth and job creation have "diminished substantially" since its last forecast a month ago. read more

AUG 16, 2011 - 9:26 am

Global financial strains, government fiscal austerity and a lack of jobs will hurt U.S. growth over the next couple of years, according to economists surveyed this month by Bloomberg News. read more

AUG 12, 2011 - 10:00 am

In a statement today (8/9/11), the Fed said the downside risks to the economic outlook have increased and conditions are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. read more

AUG 10, 2011 - 9:08 am

The U.S. Bureau of Labor Statistics reported that total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate dropped slightly to 9.1%, down from 9.2% in June. Job gains occurred in healthcare, retail trade, manufacturing and mining. read more

AUG 5, 2011 - 10:32 am

Bloomberg reports that a global rout in equities drove the Standard & Poor’s 500 Index to its worst slump since February 2009, while two-year Treasury yields plunged to a record low amid concern the economy is weakening. read more

AUG 4, 2011 - 4:51 pm

Real GDP grew 1.3% at an annual rate, below private-sector expectations of 1.8% growth and up from 0.4% growth in the first quarter, which was revised down from 1.9%. U.S. Commerce Secretary Gary Locke notes that the low growth shows that the economy isn't growing as fast as it needs to. read more

AUG 1, 2011 - 10:53 am

According to a CFO news report, citing a new study from the Georgia Tech Financial Analysis Lab, companies have begun to increase their capital spending and add to their inventories. read more

JUL 29, 2011 - 9:20 am

U.S. economic activity continued to grow, but the pace has moderated in many districts since the last Beige Book report was released on June 8, according to the Federal Reserve. Loan demand was more mixed than in the previous Beige Book. read more

JUL 27, 2011 - 4:14 pm

Bloomberg reported that researchers throughout the Fed system who are trying to determine why the jobless rate has remained stuck around 9% are reaching the conclusion that shifts in the labor market are not significant enough to keep the U.S. from returning to pre-crisis unemployment levels by about 2016. read more

JUL 12, 2011 - 9:24 am

Economic activity in the U.S. service sectors grew for the 19th consecutive month in June, according to the ISM's latest Report on Business Non-Manufacturing Index. The rental & leasing sector reported growth in June. read more

JUL 7, 2011 - 9:21 am