Also, Markit's purchasing managers' index fell in November
(December 4, 2013 11:45 AM, by Art Carden) I want to maximize bang for my charitable bucks; good stewardship demands it (here's one way, for example). Should I, therefore, participate in Christmas toy drives or other holiday giving opportunities? Or should I instead spread my giving more evenly... (0 COMMENTS)
Whether the Fed starts reducing its $85 billion of monthly bond purchases will likely hinge on Friday's employment report
Catching up... the November ISM Non-manufacturing index was at 53.9%, down from 55.4% in October. The employment index decreased in October to 52.5%, down from 56.2% in October. Note: Above 50 indicates expansion, below 50 contraction. Show More Summary
A roundup of economic news from around the Web.
The NeatConnect scanner wirelessly uploads documents to the cloud without connecting to a PC
The Department of Commerce reported this morning:[T]otal October exports of $192.7 billion and imports of $233.3 billion resulted in a goods and services deficit of $40.6 billion, down from $43.0 billion in September, revised. October exports were $3.4 billion more than September exports of $189.3 billion. Show More Summary
With memories of the summer selloff from emerging markets fresh in its mind, Malaysia's government is taking steps to get its fiscal house in order and keep its coveted investment-grade credit rating.
You'll need to ask some questions to see if paying for retirement planning advice through your 401(k) plan is a good deal for you
From ADP: Private sector employment increased by 215,000 jobs from October to November, according to the November ADP National Employment Report®.... The report, which is derived from ADP’s actual payroll data, measures the change in...Show More Summary
From housing economist Tom Lawler:The overall SF REO inventory appears to have declined again last quarter, though the pace of decline slowed. Both Fannie and Freddie reported slight increases last quarter, reflecting modest increases...Show More Summary
Julien Martin, Florian Mayneris, 4 December 2013 While quality upgrading is always viewed positively in both policy and academic circles, little is known about the macro implications for countries of specialising in high-end varieties. Show More Summary
Sales of new homes grew 25.4 percent; largest monthly percentage increase since May 1980
Gains were powered by big gains in manufacturing and construction; ADP numbers cover only private businesses
GM executives see a glimmer of hope in the fact sales of its luxury nameplates have doubled in the past three years
U.S. vehicle sales were strong in November.
Reports out this week show construction, manufacturing and real estate all up, but will this resonate with consumers?
Note: The New Home sales reports for September and October were both released today (delayed due to government shutdown).The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 444 thousand, and sales in September were at a 354 thousand SAAR. Show More Summary
While consumers snapped up holiday deals over Thanksgiving, retailers may struggle to show sales growth this holiday season
Nicholas Bloom, Luis Garicano, Raffaella Sadun, John Van Reenen, 4 December 2013 The profound impact of the ICT revolution on the job market have been widely studied, but the effects of different types of technology can be heterogeneous and even contradictory. Show More Summary