Tags » Commerce Department

The post-recession economy is worse than we thought

Economists usually like to give you your good news and bad news in one dose.

The most recent report from the Bureau of Economic Analysis showed that the economy actually grew in the first quarter of 2015, at a rate of 0.6%, as opposed to the most recent estimate, which said that the economy shrank slightly in the first three months of the year. 445 more words

Finance

The Worst Expansion Since World War II Was Even Weaker

The Wall Street Journal

The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.

From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the… 94 more words

News

Twitter Buyout Hoax Sends Shares Up; Colorado's Schools Getting Built on Pot; June Consumer Spending Blues

Nothing to get all tweeted up about…

It’s the big news that wasn’t. A story about a $31 billion Twitter buyout made its way online on a website that looked suspiciously like it came straight out of Bloomberg headquarters. 552 more words

Greece and China — 5 things to know today

Hello friends and Fortune readers.

Wall Street stock futures are set to open sharply higher in reaction to further signs of market stabilization in China, and encourageing… 436 more words

Features

Iran talks and a Eurozone summit — 5 things to know today

Hello friends and Fortune readers.

Wall Street stock futures are opening flat as markets await the latest instalment of the Greek drama. But China’s stocks had another bad day, and the rout in Shanghai and Shenzhen is pushing commodity prices sharply lower as fears for the Chinese economy mount. 451 more words

Features

What's Ahead For Mortgage Rates This Week - June 22, 2015

Last week’s economic news included National Association of Home Builders / Wells Fargo (NAHB) Housing Market Index and Commerce Department reports on Housing Starts and Building Permits, the post-meeting statement of the Fed’s Federal Open Market Committee (FOMC), and Fed Chair Janet Yellen’s scheduled press conference. 594 more words

Market Outlook