This Thursday, Fortescue Metals Group Ltd. announced a 32% jump in iron-ore monthly shipments. The increase is a result of improved steel demand from China. According to company reports, Fortescue shipped 19.6 million metric tons during the second quarter, up from 14.8 million during the previous year. The average price per ton was $111, while… Continue Reading
The U.S. housing market is on the rise, with house purchases reaching their peak of more than two years. Existing property value has also increased, pushing the real estate market higher and encouraging economists and investors to brighten their outlook on U.S. expansion. According to a median forecast of economists, new-home sales have risen to… Continue Reading
Many experts believe China’s economy is headed for a turnaround. Recent analyses of the country’s manufacturing activity show that this may in fact be true. This month saw an increase in the preliminary HSBC China Manufacturing Purchasing Managers Index, which reached 50.4 compared with a 49.5 reading in October. Fox Business explains that a reading… Continue Reading
Before the financial crisis, mortgages kept banking thriving. Once the crisis hit, however, earnings fell dramatically. Mortgage lending today is a completely different game. According to Boston.com: “Bank of America, the country’s second-biggest bank, reported Wednesday that mortgage originations jumped over a year ago- up 18 percent to $21 billion. But the mortgage unit still… Continue Reading
The International Monetary Fund projects slow global growth as the euro zone’s situation worsens and other economies remain threatened. It states that the world economy will grow a total of 3.3% this year. This is the slowest since the recession in 2009. “A key issue is whether the global economy is just hitting another bout… Continue Reading
Oil prices dropped below $91 per barrel this week, mirroring the falling stock markets as economic outlook takes a turn for the worst. According to BusinessWeek, “Benchmark crude was down 59 cents to $90.78 a barrel by midmorning London time in electronic trading on the New York Mercantile Exchange. The contract dropped 56 cents to… Continue Reading
Carroll County Times’ Mark Luterman recently wrote an article discussing the most successful entrepreneurs in today’s economy. He explained that the best business owners thrive because “they see challenges as opportunities.” Most entrepreneurs do not, however, and their responses are often detrimental to their businesses. Luterman offers three tips: When you’re mentally paralyzed with fear,… Continue Reading
Economists are preparing for the announcement by the Institute for Supply Management’s announcement which will show whether or not the US economy is in fact growing. The analysts are predicting that the ISM rose slightly from July to August, reaching 52.8; a slight increase from the 52.6 July figure. This analysis was based on a… Continue Reading
Emerging economies and numerous crises have shaken most, if not all of, the world’s economies today. Evaluation of size and growth varies greatly amongst analysts, while GDP is measured with two different approaches- nominal GDP and purchasing power parity or PPP GDP. The latter considers the dollar’s buying capabilities in different countries, thereby providing a… Continue Reading
In a recent interview with Fox Business, President of the Federal Reserve Bank of Atlanta Dennis Lockhart discussed the economy’s current condition. Calling the current growth ‘anemic’, Lockhart suggested that the central bank implement additional stimulus measures in the near future. Watch the latest video at video.foxbusiness.com Continue Reading