Tuesday, January 17, 2017

Biz

Biz
Our coverage of the economy focusing on consumer news, raw economic data, tax policy, trade policy and jobs. Click the links below to cut through the political spin - seeing real numbers for what they are and how they impact your life.
DONALD TRUMP WAS RIGHT AFTER ALL ... U.S. president-elect Donald Trump had fun last week touting Ford's decision to keep manufacturing jobs in the United States - and out of Mexico.  The company's decision - which it specifically tied to Trump's...

Pump Pain Coming

AMERICAN MOTORISTS WILL SPEND MORE ON FUEL IN 2017 ... After saving $39 billion at the pump in 2016, Americans will spend $52 billion more for gasoline in 2017.  That's according to a new report (.pdf) from GasBuddy, which tracks...
AMERICAN AUTOMAKER WILL INSTEAD EXPAND IN MICHIGAN ... Ford Motor Company has announced its intention to scrap a planned $1.6 billion vehicle assembly plant in Mexico - opting to invest $700 million at a facility in Flat Rock, Michigan instead. The announcement...

Bad News For Apple

PRODUCTION OF NEW iPHONES WILL BE CUT ... Lots of people are "done" with 2016.   None more so than Tim Cook and other senior executives at Apple. The Cupertino, California-based company saw the first-ever declines in iPhone sales (and earnings) this...

More Economic “Trumphoria”

NO PRESSURE, MR. PRESIDENT-ELECT ... We wrote recently about soaring consumer confidence in the aftermath of the surprise election of Donald Trump as president last month. Two additional measurements are now available reinforcing this economic "Trumphoria." The University of Michigan's Index of Consumer...

Q3 2016: Final Print Impresses

CAN IT SUSTAIN? The American economy grew at an impressive 3.5 percent clip during the third quarter of 2016.  That's according to the third (and final) estimate of gross domestic product growth released by the U.S. Bureau of Economic Analysis. Previous GDP...

“Trumphoria” Grips America

THERE'S HOPE ... WILL THERE BE CHANGE? We're not going to sugarcoat it: The fundamental economic weaknesses plaguing the U.S. economy prior to the 2016 presidential election are still there. Incomes are flat.  Labor participation is weak.  Dependency is off the...
GOOD NEWS, BAD NEWS ...  A new report from the U.S. Energy Information Administration (EIA) found huge declines in proved reserves of oil and gas - although a big part of these reductions were attributable to plunging consumer prices. According to the report...

Q4 2016: Ho Ho – Oh No

FOURTH QUARTER GROWTH ESTIMATE SLASHED ... We wrote earlier this month on improved prospects for the 2016 holiday shopping season.  Meanwhile the most recent quarterly gross domestic product data for the U.S. economy came in better than expected. In fact just this week...
KEY EMPLOYMENT METRIC HOLDS AT DEPRESSED LEVEL ... The more things change ... the more they stay the same. When it comes to the numbers that matters, anyway ... Within the last month America has elected a new president and the state of...