Payroll Tax News
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February 8, 2013 - In investing, every silver lining has a cloud. Almost all good news can be spun as bad news, and vice versa. The economy’s booming? Watch out for inflation and higher interest rates. The market crashed? What a buying opportunity!
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Industrial production declined in April by the most in eight months, indicating American manufacturers will provide little support for an economy beset by weaker global markets and federal budget cuts.
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Manufacturing in the New York region unexpectedly shrank in May as factories received fewer orders and sales stagnated.
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The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.
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California Governor Jerry Brown damped lawmakers’ hopes for using a tax windfall with a revised budget that expends $1.3 billion less next year than he proposed four months ago.
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Sales at U.S. retailers unexpectedly advanced in April, helping ease concern of a sustained pullback in consumer spending that would stifle the economy.
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Companies in the U.S. unexpectedly held inventories in check in March as sales fell by the most in nine months, an indication orders will rise as demand picks up.
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Retail sales probably fell in April for a second consecutive month, hurt by cooling demand for automobiles, economists said before a report today.
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Retail sales probably fell in April for a second consecutive month and manufacturing stalled, indicating the world’s largest economy is cooling, economists said before reports this week.
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The U.S. posted its widest budget surplus in five years in April as an improving economy swelled tax revenue, easing pressure on lawmakers to lift the nation’s debt ceiling.
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