Oklahoma’s economy pressured, but holding steady
The economic outlook for the state of Oklahoma is negative as the revenue stream ebbs as a result of lower oil prices, Moody’s Investors Service says. Moody’s said Oklahoma’s credit Continue Reading
US business leaders lower growth forecast for American economy
US business leaders have offered a bleak view of the American economy, lowering their growth forecast for this year and urging the Federal Reserve to be cautious about raising interest Continue Reading
During the Next Crisis, Entire Countries Will Go Bust
For seven years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis. All of the arguments claiming this defied common sense. A 5 Continue Reading
Wall St. down sharply on oil drop, global growth worries
A sharp drop in oil prices and global growth worries sent jitters through Wall Street, leading the three major U.S. indexes lower for the second straight day in volatile trading Continue Reading
World Bank downgrades its forecast for 2016 global economy
WASHINGTON (AP) — The World Bank is reducing its forecast for the global economy this year – again. The aid agency now predicts that growth will reach 2.4 percent this Continue Reading
Yellen Says Latest Jobs Report Raises Questions About Economic Outlook
Janet Yellen speaks at a World Affairs Council of Philadelphia event on Monday. Federal Reserve Chairwoman Janet Yellen affirmed Monday that the central bank won’t be raising short-term interest rates Continue Reading
US job growth slowest since 2010
Hiring by US employers slowed last month to the weakest pace since 2010, clouding the economic picture and dealing a blow to the prospects for a Federal Reserve rate increase Continue Reading
U.S. job gains in May likely dented by Verizon strike
People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York October 7, 2014. A strike by Verizon workers likely crimped U.S. job gains Continue Reading
U.S. First-Quarter GDP Growth Revised Higher; Corporate Profits Rose
U.S. corporate profits, hit hard last year by the energy downturn and strong dollar, show signs of stabilizing as oil prices dance around $50 a barrel and economic growth appears Continue Reading
Auto, Mortgage Delinquencies Climb in Energy Regions
Mortgage delinquencies have climbed in the U.S. counties whose employment rates were hardest-hit by the… The year-and-a-half-long spell of low oil prices is making it hard for households to pay Continue Reading