An expert analysis shows that the $1 trillion bipartisan infrastructure bill now winding its way through the Senate would have “no significant effect” on economic growth, delivering a counterpoint of sorts to the White House view that the deal “will generate significant economic benefits.” The University of Pennsylvania’s Penn-Wharton Budget Model (PWBM), released Aug. 5,…
Bipartisan Infrastructure Bill to Give ‘No Significant’ Boost to Economy: Wharton Study
August 6, 2021
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NTD Business Full Broadcast (July 29)
A major New York City restaurant group says both customers and employees better get vaccinated, or they can go elsewhere. Facebook setting its sights on the metaverse, or augmented reality. During its earnings call, CEO Mark Zuckerberg discusses some of the company’s newest projects. And the US economy growing at a slower than expected pace in the…
GDP Grew at 6.5 Percent In 2nd Quarter, Well Below Expectations
New government figures show that the U.S. economy expanded at a far slower pace in the second quarter than economists predicted, though real gross domestic product (GDP) surpassed its pre-pandemic high, cementing the V-shaped recovery. Gross domestic product (GDP) rose at a 6.5 percent annualized rate last quarter, the Commerce Department said in a release…
US Economy Grows 6.4 Percent in Q1
WASHINGTON—The U.S. economy grew at a solid 6.4 percent rate in the first three months of this year. The Commerce Department said Thursday that growth in the gross domestic product, the country’s total output of goods and services, was unchanged from two previous estimates. It came after growth at a rate of 4.3 percent in…
Economic Update Predicts Challenges Ahead
June 15, 2021
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Despite a solid footing heading into the next economic cycle—low interest rates, a hot housing market, and strong GDP growth— there are some looming signs of a recession on the horizon that shouldn’t be ignored, says a financial expert. “As good as prosperity is now and will be in the near future, there’s 100 percent…
New Analysis Finds Open Immigration Advocates Are Wrong, Population Growth Doesn’t Fuel Income Growth
News Analysis Worries about America’s slowing population growth are misplaced because simply having more people in the country is no guarantee of higher incomes for every individual, according to the Center for Immigration Studies (CIS) Director of Research Steven Camarota. “It is clear that the simplistic argument that more population growth necessarily leads to more…
US Weekly Jobless Claims Drop Sharply; Second-Quarter GDP Growth Unrevised
WASHINGTON—The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy. Initial claims for state unemployment benefits totaled a seasonally adjusted 406,000 for the week ended May 22, compared to 478,000 in…
US Dollar Climbs From Nine-Week Low in Step With Higher Treasury Yields
NEW YORK—The dollar recovered from a nine-week low on Thursday, lifted by a rise in U.S. Treasury yields after the government reported strong economic growth for the first quarter and an improvement in new jobless claims in the latest week. U.S. benchmark 10-year Treasury yields rose 2 basis points on Thursday, to 1.639 percent, boosted…
NTD Business Full Broadcast (Jan. 28)
GameStop fell over 40 percent today, after surging for the past few days. NTD talk to Daniel LaCalle, chief economist at the Tresiss hedge fund about the latest frenzy and what could be behind it. South Dakota’s unemployment rate is now below the pandemic level. NTD talk to the state’s chamber of commerce to see what…
UK Public Debt Hits £2.13 Trillion in December 2020
By December 2020, the UK’s public debt to GDP ratio has reached its highest since 1962, official data revealed. The Office for National Statistics (ONS) on Friday published its December report on public sector finances. Data showed that in the first nine months of 2020/21 financial year (April to December 2020), the UK’s public sector net debt excluding…
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