Wages grew by just 0.2% in the second quarter, raising doubts (again) about the economy
The problem is that wages and salaries just aren’t going up fast enough to assure steady growth in the U.S. economy. The second quarter increase was just 0.2% from the first quarter. That’s the smallest increase since the Labor Department starting keeping records of this number back in 1982
2nd quarter’s 2.3% growth is probably good enough for the Fed to start raising rates.
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...After selling its generics business, Allergan has a chance to build its aesthetic drug business beyond Botox
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Fed’s statement today increases odds of a September interest rate increase
The signs in today’s statement were subtle, and the Fed certainly didn’t close off the option of doing nothing at its September 17 meeting, but small tweaks in the Fed’s language all pointed to greater odds of a September increase
Statoil’s second quarter: Better than the average oil company
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A good day in Shanghai as stocks fall “only” 1.68%
The Shanghai market, which fell 8.5% yesterday, started today with a 5.1% drop before recovering to close down just 1.68%. So, yes, Shanghai stocks did do better than they did in yesterday’s historic rout and they did rally from an early morning performance that had all the feel of a continuation of yesterday’s panic. But “recovery”?
Sector Monday: Commodity companies continue to postpone capital spending–are there any winners? (Part 1 of 2)
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Why profit taking in Shanghai turned into panic selling
What seems to have pushed the markets from profit taking to panic? Speculation that the Chinese government was about to reduce cash support for equity markets. Some traders decided that the China government had targeted 3,800 (or was it a nice round 4,000?) on the Shanghai Composite as sufficient to permit a reduction in government cash