US productivity declined an annualized 0.5% in the second quarter, the third straight quarterly decrease, and 0.4% during the previous 12 months, the first full-year drop since 2013. Limited corporate investment in technology is behind […]
US household debt reached $12.29 trillion in the second quarter, a $434 billion increase on a year-over-year basis, a Federal Reserve Bank of New York survey found. Auto debt rose $97 billion from a year […]
Fund managers have brought 139 exchange-traded funds to the US retail market this year, down from 160 in the same period last year, but equities remain the focus. This year, 40% of launches invest in […]
US companies are accumulating cash and holding back on investment as uncertainty about the global economy deepens, according to an industry report. The Corporate Cash Indicators index jumped 9 points in the second quarter, a […]
The UK vote to withdraw from the EU is “a negative shock to investor confidence” that has increased risk to the stability of the US financial system and could lead to excessive risk-taking and borrowing, […]
The University of Michigan Index of Consumer Sentiment fell from June’s reading of 93.5 to a preliminary 89.5 in July. Many consumers said they were worried about the consequences from the UK’s vote to pull […]
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