News

The fate of oil overhangs the discussions of policymakers and thinkers gathered at the World Economic Forum in Davos, Switzerland, with fears that prices may have much further to fall beyond the foreseeable future. Even when oil eventually comes back, […]

The US deficit will reach $544 billion — 2.9% of the country’s economic output — in fiscal 2016, according to the Congressional Budget Office. That’s up from $439 billion during the previous year. The CBO also expects deficits to total […]

Various economic forecasts predict US economic growth of less than 1% in the fourth quarter of 2015. The Federal Reserve Bank of Atlanta predicts Q4 growth of 0.6%, for example, and Morgan Stanley estimates growth of just 0.1%. The first […]

The number of applications for unemployment benefits increased 7,000 to 284,000 last week. The unexpected increase is the second-highest level since July and suggests that the labor market may be cooling.

The price of US oil has dropped under $30 a barrel for the first time in 12 years, setting off a chain reaction worldwide. BP says it will cut its workforce by 5%, and Brazil’s state-run Petroleo Brasileiro has scaled […]

The financial well-being of the typical American is better than it was a year ago, according to the PFSi, a proprietary AICPA index. Loan delinquencies and inflation are down, but CPA executives are less optimistic about their organizations’ prospects than […]

The US economy is on track to grow through 2020 and possibly longer, despite slowdowns in China and elsewhere, according to Morgan Stanley. That would make the recovery from the financial crisis the longest expansion since World War II. Solid […]

Major US companies stand a good chance of reporting fourth-quarter results that show earnings have fallen two quarters in a row, marking a recession. Forecasts call for a 4.2% decline in earnings and a 3.2% decrease in revenue for companies […]

US employers added 292,000 jobs last month, exceeding economists’ expectations. The unemployment rate remained unchanged at 5%. In addition, the Labor Department revised figures for the two previous months, adding a total of 50,000 jobs. In 2015 as a whole, […]