Dimon Dismisses Economic Fears, Preaches Optimism
JPMorgan CEO Jamie Dimon thinks everyone in the financial industry needs to stop thinking so grim. The banking giant leader addressed the crowd at Fortune’s Global Forum this week where he shared his...
View ArticleWill Rising Real Estate Costs Bump Retail?
A seller’s market on the housing front could translate into more buyers inside retail stores. That’s the position put forth by The Street, finding Monday’s (Dec. 28) release of the S&P/Case-Shiller...
View ArticleRetail Sales Dip To Record Six-Year Low
New figures from the U.S. Commerce Department show that the retail industry last year experienced its worst sales since 2009. Bloomberg shared figures on Friday (Jan. 15) indicating that 2015 closed...
View ArticleRetail Employment Shows Some Improvement
There’s good news and bad news regarding employment for a number of industries in the U.S., with retail, more or less, coming out on the positive end. In examining data released by the Bureau of Labor...
View ArticleCould Retail Job Growth Actually Save Companies Money?
The news from the Bureau of Labor Statistics (BLS) last week that the retail industry added 48,000 new jobs in March — bringing the increase to 378,000 new jobs over the past 12 months — appears to be...
View ArticleUS Economy Sees More Growth Than Expected In Q3
Worries of an impending economic slowdown have largely been quelled for the time being. In the latest revision to the GDP estimate, the Commerce Department reports that the U.S. economy saw its best...
View ArticleUS Economy Shows Income Gap Widening
The road to economic gains has been a bumpy one and never a straight course, but the past three-and-a-half decades have helped double the U.S. economy. But as the New York Times reported, even as the...
View ArticleCorporate Profits Forecasts For Q1 Starting To Dim
The stock markets may have been rallying ever since Donald Trump won the U.S. election, but the outlook for corporate profits in the U.S. is starting to dim, according to a report by The Financial...
View ArticleUS Economy Slowed At Lower Pace In Q4 Than Previously Thought
Thanks to strong spending on the part of consumers, the U.S. economy slowed at lower pace than previously thought during the last quarter of the year. According to a report in Reuters, gross domestic...
View ArticleRetail Payrolls Take An ECommerce Hit
Changing eCommerce and technological shifts in the retail space are now impacting payrolls. According to a new report from the U.S. government, the number of jobs lost in general merchandise stores hit...
View ArticleUS Consumer Sentiment Up Again In May
Despite all the political rancor going on in the U.S., consumer sentiment among consumers increased in May based on preliminary data from the University of Michigan’s consumer sentiment index....
View ArticleUpward Revision To 1Q GDP In The Offing?
Might the United States economy have put up a stronger showing than had been thought previously for the first quarter? The New York Times reports that the quarterly U.S. Services Survey put out by the...
View ArticleRetail Sales Declines Could Halt Further Interest Rate Hikes
The Federal Reserve’s ability to continue to raise interest rates in 2017 may be halted given consumer prices fell unexpectedly last month amid the biggest drop in retail sales in more than a year....
View ArticleSmall Business Jobs Grow, But Even-Smaller Firms Struggling
How is U.S. employment stacking up? It depends on who you ask. The U.S. Labor Department announced Friday (July 7) that the country added 222,000 jobs in June, far surpassing Wall Street estimates of...
View ArticleWhy eCommerce Will Create More Jobs Than It Kills
One of the casualties of the ongoing retail death spiral seems almost certain to be the retail workforce. That has become an increasingly certain part of the conventional wisdom – as real-world...
View ArticleJPMorgan Chase Opens Earnings Season With Card Loan Growth, Mobile Additions
JPMorgan Chase posted results that helped kick off earnings season Friday morning. The firm showed traction in its loan book, mobile efforts and credit card portfolio. The headline numbers showed the...
View ArticleGDP Growth Rebounds in 2Q, Consumer Spending Up
Looks like the United States economy may be picking up steam. Numbers from the Commerce Department on Friday showed that gross domestic product gathered momentum after previously weak data. For the...
View ArticleAmazon Prime Day Boosts Overall Retail Sales
It’s no secret that Amazon is giving most retailers a run for their money. Over the past few years, the eCommerce giant has grown by leaps and bounds, innovating along the way and pushing the rest of...
View ArticleUS Consumer Debt — Ten Years Later
The economic world before the Great Recession and the world ten years hence are similar-looking — but in many ways fundamentally different — places. And if one is looking for places where that shift...
View ArticleNew Car Sales Are Hurting The Value Of Used Cars
With car sales in the U.S. increasing for seven straight years, it is having a negative impact on used car values. According to a report in Bloomberg, citing data from Black Book, the auto analytics...
View Article
