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Pandemic Shadows Lift As US Consumer Confidence Soars To 2-Year High
Tuesday, July 25, 2023 - 11:50am | 463U.S. consumer confidence soared to its highest level since July 2021, according to data issued Tuesday by The Conference Board, driven by a strong job market and a steady decrease in inflation. Consumer Confidence Jumps: The Consumer Confidence Index rose to 117 in July, a significant jump from 110...
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Recession Is On Its Way, Says Leading Economic Indicator, But Not Everyone Is Convinced: 'Toss-Up'
Friday, July 21, 2023 - 11:35am | 537The Conference Board’s Leading Economic Index (LEI) — an early indicator of significant turns in the business cycle — sent out a warning on Thursday: a recession is coming. A Bleak Outlook: In June, the U.S. LEI saw a decline of 0.7% to 106.1, following a drop of 0.6% in May. Over the past...
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Why Real GDP Forecasts Are Coming In Higher Than Expected
Tuesday, October 25, 2022 - 3:03pm | 418The U.S. Bureau of Economic Analysis will be reporting on Oct. 28 an advanced estimate of third-quarter gross domestic product (GDP). In the first half of the year, America’s GDP saw two declining quarters of GDP growth, which typically means the country is in a technical recession...
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Collaboration And Capitalism: Barron's Wealth Gap Event Speakers Address American Financial Inequities
Wednesday, June 23, 2021 - 7:00am | 757On Tuesday, Barron’s hosted The Wealth Gap: Ideas to Action, an event focused on the actions and initiatives corporate and philanthropic leaders are implementing to address the global wealth gap. Participants in the discussion included Darren Walker, president of the Ford Foundation; ...
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Trade, Politics Hurt CEO Confidence — And EPS By Extension
Friday, October 25, 2019 - 3:36pm | 616The third quarter of 2019 brought CEO confidence to a decade-long, recession-level low, according to a survey by The Conference Board. Only 4% of surveyed CEOs expect economic improvements over the next six months. About 67% expect further deterioration. The pessimism carried over into industry...
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Help Wanted Online Sees Exhaustion In New Ad Posting
Wednesday, July 30, 2014 - 12:41pm | 166Wednesday morning's GDP number has traders on alert. After posting a contraction of 2.9 percent in Q1, today's advanced estimate pegged Q2 GDP at four percent. If the economy is that healthy, jobs should presumably follow suit. Looking at Help Wanted Online, however, the drop in the...
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Conference Board Says Labor Market To Remain Strong Through Summer
Monday, July 7, 2014 - 11:28am | 199An aggregation of labor market indicators released Monday jumped more than six percent from a year ago, suggesting that strong job growth is likely to continue through the summer. "While the strong labor market signals an improvement in economic growth, the key factor is that the average...