Experts to Dissect Industry Trends, Insights at ATA Economic Summit
Experts in the fields of manufacturing, logistics and the petroleum industry are scheduled to participate in American Trucking Associations’ economic summit in September.
Chance of US Recession Rises to 35% Among Economists Surveyed
The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.
World Economy Edges Closer to Recession as Trade Woes Spread
The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.
Services Join Factories With Slowest Growth Since 2016
A gauge of service industries declined in July to an almost three-year low as orders continued to cool, indicating a sluggish start to the third quarter for the biggest part of the economy.
Business-Equipment Orders Post Best Gain in Four Months
Orders with U.S. factories for business equipment rebounded in May with the largest increase in four months, signaling corporate investment is holding up despite tensions with major trading partners fueling uncertainty about the outlook.
June 26, 2019America’s Middle Class Shows Signs of Life
One of the biggest concerns in recent decades has been the “hollowing out” of middle-wage, middle-skill jobs. Employment at the low and high ends of the income scale has risen faster, and many jobs that have traditionally supported the middle class have suffered by comparison, with ramifications that are social and political as well as economic.
US Futures Extend Slide on Growth, Trade Angst
U.S. stock futures slumped and Treasuries surged, signaling the May 14 relief rally will be short-lived, as fresh concern about the health of the global economy rattled investors still on edge over the trade war.
Economic Growth: First Quarter Looking Good, Rest of Year Is Not
Economists expect U.S. first-quarter growth to decelerate less than previously thought even as they cut forecasts for the rest of the year, projecting a second-quarter rebound will fade as the effects of tax cuts wane.
US Economic Growth Slows to 2.6% Rate in 4Q
WASHINGTON — The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter.
Factories Lead Canada’s Fastest Economic Growth in Five Months
Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude.