The Empire State Manufacturing Index, which provides a snapshot of a key U.S. economic region, jolted investors Monday. It took a surprising plunge to a minus 11.14 reading in November — the index’s first negative measure sinc…
Economic performance among EU nations is getting more divergent. While Germany and France continue to modestly expand, debt-plagued countries like Greece are shrinking. That makes it tough for the European Central Bank to set i…
The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been fore…
In Saturday’s New York Times, Gretchen Morgenson profiled economist Ian Shepherdson, who’s taking a more bullish stance. Namely, he sees the U.S. potentially following Sweden’s example of a sharp comeback after financial disast…
Goldman Sachs (GS) economists defended Federal Reserve Chairman Ben Bernanke’s decision to pump billions of dollars into the economy, saying the move will boost economic growth.
The Fed’s plan to buy $600 billion of assets will improve growth and red…