Economic Measures Recession

  • WASHINGTON— The Commerce Department issues its revised estimate for the economic growth that occurred between April and June at 8:30 a.m. Eastern. :Analysts forecast that gross domestic product, the broadest measure of the economy, increased at a 1.1 percent annual rate in the second quarter, according to a survey by the data firm FactSet.

  • WASHINGTON— Federal Reserve Chair Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. economy and inflation. Yellen sketched a generally upbeat assessment of the economy in a speech to an annual conference of central bankers in Jackson Hole, Wyoming.

  • MOSCOW, Aug 25- Russia's biggest bank Sberbank raised its forecast for full-year profitability on Thursday after setting a new profit record in the second quarter, further reinforcing its status as market leader despite a weak economy. State-controlled Sberbank has thrived during Russia's economic crisis as households and companies concerned about the...

  • Electing recession

    Jason Schenker, Prestige Economics, discusses the economic and financial impact of presidential elections.

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • Net income attributable to Deere fell to $488.8 million, or $1.55 per share, in the third quarter ended on July 31 from $511.6 million, or $1.53 per share, a year earlier, when there was more outstanding stock. "John Deere's performance in the third quarter reflected the continuing impact of the global farm recession as well as difficult conditions in construction...

  • Japanese GDP

    Morgan Stanley's Chetan Ahya says Japanese policymakers had rushed fiscal tightening which is culminating in disappointing economic data.

  • LONDON, Aug 14- Monetary policy can only offer a "short-term balm" for the uncertainty facing Britain's economy in light of the vote to leave the European Union, the Bank of England's chief economist said on Sunday. Andy Haldane said the Monetary Policy Committee was under no illusions that it could fully insulate Britain from the long-term effects of June's...

  • SANTIAGO, Aug 12- LATAM Airlines, Latin America's largest carrier, said on Friday it had seen "timid" signs of a recovery in its key Brazilian market in recent weeks, although it underlined that it retained a cautious outlook. "With respect to international, we are still seeing weakness in Brazil, though in recent weeks the trend is starting to change," said Roberto Alvo,...

  • SANTIAGO, Aug 11- LATAM Airlines, Latin America's largest airline, reported a wider-than-forecast net loss in the second quarter of $92 million, as it struggles to overcome tough economic conditions in its key markets. LATAM has racked up repeated losses since it was formed in the 2012 merger of Chile's LAN and Brazil's TAM, hamstrung by Brazil's economic...

  • BUENOS AIRES, Aug 10- President Mauricio Macri said Argentina's economy will grow 3.5 percent in 2017, driven by fresh investment as the country recovers from recession and stubbornly high inflation. The first was farming, "he said in an interview at the Casa Rosada presidential palace on Monday as part of a Reuters Summit event on Argentina.

  • Does Detroit need a comeback?

    CNBC's Steve Liesman reports on the auto market and auto employment. John Engler, President, Business Roundtable President, adds perspective.

  • WASHINGTON, Aug 5- U.S. employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth, and raising the probability of a Federal Reserve interest rate increase this year. Nonfarm payrolls rose by 255,000 jobs after an upwardly revised 292,000 surge in June, with hiring broadly based...

  • POLL- MEDIAN VIEW OF U.S. PRIMARY DEALERS SEES 20 PCT PROBABILITY OF U.S. RECESSION IN NEXT 12 MONTHS, UNCHANGED FROM JULY 8 POLL.

  • *Average hourly earnings rise eight cents. WASHINGTON, Aug 5- U.S. employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth and raising the probability of a Federal Reserve interest rate increase this year. Provided the strength in jobs is confirmed with other economic data, the...

  • *Average hourly earnings rise eight cents. WASHINGTON, Aug 5- U.S. employment increased more than expected in July and wages picked up, bolstering expectations of an acceleration in economic growth and raising the probability of a Federal Reserve interest rate hike this year. "It looks like a pretty strong report overall," said Doug Duncan, chief economist at...

  • *Average hourly earnings rise eight cents. WASHINGTON, Aug 5- U.S. employment increased more than expected in July and wages picked up, which should bolster expectations of an acceleration in economic growth and raise the probability of a Federal Reserve interest rate hike this year. Nonfarm payrolls rose by 255,000 jobs last month as hiring increased broadly...

  • BOE Recession

    Recession risks are rising globally with high gold prices a sign that investors are worried, says Taurus Wealth Advisors' ED, Michael Preiss.

  • This could have implications for other central banks around the world contemplating further easing, notably the European Central Bank and the Bank of England. The latter meets in the coming week and is widely expected to take steps to ease the economic pain of Britain's vote to leave the European Union. *BoE policy decision Aug. 4, Australia Aug. 1, BOJ minutes Aug. 3.