U.S. Q3 growth forecast sharply upgraded by Atlanta Fed

August 19th, 2015  // News

A surprisingly strong 0.6% rise in industrial output last month puts the U.S. economy on course for 1.3% annualized growth in the third quarter, according to a report by the Atlanta Federal Reserve. The latest outlook is up from the Atlanta Fed's previous forecast of 0.7%. Read more

Social Security is in crisis, many Americans say

August 17th, 2015  // News

About 66% of Americans say the Social Security program is in crisis, according to a Gallup poll. Among those still in the workforce, more than half say they likely will not receive any Social Security benefits. Read more

U.S. experiences rise in retail sales

August 14th, 2015  // News

Retail sales in the U.S. increased 0.6% in July, and June's figure was revised upward to flat from a small decline. Read more

Yuan devaluation puts expectations of Fed rate hike in doubt

August 13th, 2015  // News

Growing belief in U.S. markets that the Federal Reserve is getting closer to raising interest rates, possibly as soon as September, dissipated Tuesday when China devalued the yuan. If global equity markets keep falling, the Fed could decide to delay raising rates. CME Group's FedWatch, which tracks futures pricing, says investors see a 39% chance of a rate increase in September, down from last week's 56%. Read more

U.S. productivity rises as worker share lags

August 12th, 2015  // News

A weak 0.3% annualized gain in U.S. productivity in the second quarter pointed to possible underlying inflationary pressure, even as the quarterly figure rose 1.3%. These are among the key figures the Federal Reserve will examine as it decides when to begin raising interest rates. Read more

Global M&A transactions could hit a record this year

August 12th, 2015  // News

Global mergers and acquisitions are on track to reach a record $4.58 trillion this year, according to Dealogic. The trend may be driven by factors such as limited revenue growth at big companies and the expectation of higher interest rates in the future. Read more

Hiring at public accounting firms hits all-time high

August 10th, 2015  // News

Enrollment in accounting programs and hiring of new graduates by accounting firms are at all-time highs. Master's degrees are taking off, too, and firms will need to get creative in their pursuit of in-demand talent. Read more

U.S. companies added 215,000 jobs last month

August 7th, 2015  // News

The U.S. economy added 215,000 jobs in July, keeping the unemployment rate unchanged at 5.3% from June, according to the Department of Labor. Economists surveyed by Reuters had forecast that 223,000 jobs would be added. Read more

Rising dollar drives up U.S. trade deficit

August 6th, 2015  // News

The U.S. trade deficit rose 7.1% to $43.8 billion in June, the biggest total in three months, as the strengthening U.S. dollar made imports cheaper for domestic buyers and exports more expensive for trading partners. Faltering global economic growth was also a factor holding down exports. Read more

U.S. factory orders pick up in June

August 5th, 2015  // News

U.S. factory orders bounced back with a 1.8% gain in June after May's decline. The gain came despite lagging exports due to the strong dollar, but analysts said substantial improvement remains elusive. Nonetheless, June's report adds to data pointing to a recovering economy and a possible upward revision of second-quarter gross domestic product growth. Read more

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