GDP

This is the first installment of this story. Read why the legislation may not go far enough here. Mexican president Enrique Pena Nieto announced his plans to open Mexico’s oil industry up to private and foreign investment for the first time in 75 years. This comes as opposition to the...

Futures Higher On Japan, Eurozone U.S. equity futures traded higher overnight on reports out of Japan and the eurozone. Japan may look to cut corporate taxes following the weak GDP print Monday and eurozone data showed improvement early Tuesday, both acting as factors in the early morning rally....

Next week, economic data rises to the fore as key reports from around the globe come into focus. Domestically, industrial production, retail sales data, and the Reuters/University of Michigan Consumer Sentiment Survey will be in focus. Key Earnings In the coming week, the earnings calendar...

The U.S. stock market closed mixed on Wednesday despite upbeat economic data and a dovish FOMC statement. The advanced GDP estimate for the second-quarter came in much better than expected and the central bank showed no signs that a pullback in its quantitative easing program is imminent....

There are millions of tweets written every day. Benzinga sifts through the maelstrom of information to find the ten best tweets of the day that are either informative, insightful, or just down right comical. 1. Pattern Traders Ltd. Pattern Traders Ltd. (@JEliasof) tweeted the statement from...

The first estimate of second quarter GDP was released Wednesday morning alongside massive revisions to previous years data that now account for certain forms of research and development spending. However, data for the second quarter beat economists expectations sending S&P 500 futures into a...

Futures Higher Heading Into FOMC Decision, Second Quarter GDP U.S. equity futures rose slightly in early pre-market trade ahead of some key economic data from around the world. Also, the FOMC rate decision is due out today after the first look at second quarter GDP but there will be no press...

Weekly Preview: Earnings Season Continues, Fed In Focus, Economic Maelstrom Expected Next week, earnings season continues with hundreds of companies set to report earnings. Also, there is a flood of economic data due out in the next week from around the world. Further, the Federal Reserve, the...

On Monday, the Census Bureau announced that retail sales in the U.S. rose at a slower pace than expected in June. The move has prompted some to revise down second quarter growth estimates and decreases the likelihood that the Fed will taper purchases in September. Weak Report For the month of June...

A key measure of manufacturing output in the eurozone rose in June to the highest level in sixteen months amid the continent wide recession that has seen unemployment, specifically of the younger population, rise to record levels. Spain and Italy both showed notable strength in June the...

Thursday morning, markets received a large flood of economic data from the U.S. that was largely in line with expectations. Jobless claims fell from last week while spending and incomes rose in May. Jobless Claims Drop Initial jobless claims for the week ended June 21 fell to 346 thousand from an...

The U.S. economy expanded at a much slower rate than previously thought in the first quarter, the latest and final revision to the report showed Wednesday. The economy expanded at a mere 1.8 percent in the first quarter, below the previous estimate of 2.4 percent which was expected to remain...

Futures Rise Into GDP Report As Metals Meltdown U.S. equity futures rose in early pre-market trade ahead of the final look at first quarter GDP. Economist expect that the economy grew 2.4 percent in the quarter with PCE inflation rising 1.1 percent. Top News In other news around the markets:...