Economy Grows Most Since ’03 on U.S. Consumer-Spending Gains
Revised GDP rises 5% in the third quarter, topping estimates released earlier by the Commerce Department
Ritholtz: The Black Friday Hoax
Industry predictions of holiday sales range from wild guesses to complete fabrications, Barry Ritholtz writes.
African-Americans Invest More Conservatively Than Whites: Study
African-Americans hold fewer stocks and bonds and more real estate, life insurance and CDs, according to Credit Suisse and Brandeis University.
S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts
Companies in the Standard & Poor’s 500 index really love their shareholders. Maybe too much.
The Shriveling of America's Tax Base
The low-tax route to global economic crisis.
Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
Yellen’s Economy Echoes Arthur Burns More Than Greenspan
Federal Reserve Chair Janet Yellen faces an economy that is starting to look more like the 1970s than the 1990s.
Alan Blinder Offers Stark Economic View; Sees Fed Rate Bind
Princeton economist and former Fed vice chairman Alan Blinder talks at IMCA conference about what’s next for the Fed and his take on regulation.
Payrolls in U.S. Rise Most Since 2012, Unemployment Falls to 6.3%
The jobless rate plunged to 6.3% as companies grew confident the U.S. economy was emerging from a first-quarter slowdown.
Old Normal Returns as PIMCO Sees ‘New Destination’ for U.S. Growth
PIMCO’s Bill Gross sees a good year ahead. The bond firm's new leaders say stagnation is not the new norm, and a passle of economists agree.