The Conference Board’s January survey of consumer confidence came in at 125.4, beating December’s number and outperforming predictions of economic forecasters.
Big gates swing on little hinges. This little store in Seattle could be just such a hinge, threatening to transform shopping experiences everywhere.
Economists expected 250,000 new jobless claims to be filed during the week ending January 13, but claims fell to a 45-year low of 220,000. Any number below 300,000 in an economy as large as the United States’ reflects a healthy economy.
Preliminary numbers show that online sales on Thanksgiving and Black Friday surged to record highs, with Cyber Monday sales likely to do the same.
Stock prices were predicted to drop after Donald Trump won the election a year ago, but the Dow has risen 5,000 points since then. Trump is taking the credit, but investors been focusing on company sales, profits, and earnings.
One measure of how the U.S. economy continues to exceed expectations is the Economic Surprise Index published by Citigroup, which is used to measure how the economy compares to those expectations. At the moment at least, it reflects the ebullience reported elsewhere.
Those in favor of continued government support for ethanol are angry with President Trump and his EPA director, Scott Pruitt.