Are America's optimistic CEOs getting a little carried away?
The Business Roundtable's CEO outlook index hit its highest level on record in the first quarter, the trade group said Wednesday. The 9-year-old index, measuring expected sales, capital spending and hiring trends, hit 113 – a full 7% above than the previous high water mark.
A survey of 142 chief executives showed 92% expect sales to rise in the next six months, and MOREColin Barr - Mar 30, 2011 11:28 AM ET
The economy is finally starting to move forward. But don't be shocked to see stocks go the other way.
Friday's jobs report shows welcome evidence that the struggling real economy is starting to catch up with our roaring, Fed-backed financial markets. Nonfarm payrolls rose by 192,000 jobs in February, the biggest gain since last May.
The news seems like it should rev up investors who have almost casually sloughed off news of surging oil MOREColin Barr - Mar 4, 2011 11:35 AM ET
The economy may be on the mend, but the nation's banks are still looking a little green in the gills.
The number of banks at risk of failing rose for the 17th straight quarter to 884, the Federal Deposit Insurance Corp. said Wednesday. That means 1 in 9 FDIC-insured institutions is at risk of collapse – which is the highest proportion in at least two decades.
The latest rise in the problem MOREColin Barr - Feb 23, 2011 10:33 AM ET
Will rising interest rates slam the door on a fragile housing recovery?
No -- though that only underscores just how grim the housing picture is.
The rate on the 30-year conforming mortgage has risen to a recent 5.1% from 4.2% last October (see chart, right), tagging along behind an even larger rise in the yield on the 10-year Treasury note over that period.
The jump in the mortgage rate has added around $50 to MOREColin Barr - Feb 15, 2011 6:34 AM ET
Taxpayers aren't the only ones benefiting from the recovery at Citigroup.
Hedge fund manager John Paulson has made $1 billion on his bet on Citi (C), he said in his year-end letter to investors. Paulson, who made a fortune betting on the collapse of the housing bubble, started betting on big U.S. banks in mid-2009.
At the time, few people were banking on any economic recovery, even one as weak as this one, which MOREColin Barr - Jan 25, 2011 10:06 AM ET
Citigroup reported its fourth straight quarterly profit, but its shares fell in premarket trading as revenue fell far short of estimates.
Citi (C) made $1.3 billion, or 4 cents a share, for the fourth quarter. That reverses a year-ago loss of $7.6 billion, or 33 cents a share, but falls 4 cents short of the Wall Street analyst consensus estimate.
The bank said the latest quarter was hit by $1.1 billion of negative MOREColin Barr - Jan 18, 2011 8:21 AM ET
The economy seems to have leaned on the accelerator in the second half of December, but there's still no sign it will shift into passing gear.
So says Ed Leamer, director of the UCLA Anderson Forecast and the chief economist for the Ceridian-UCLA Pulse of Commerce Index, which tracks real-time diesel fuel consumption data for trucking.
The PCI rose 2.4% in December to a 2010 high, UCLA and Ceridian said. The surge corresponds to a MOREColin Barr - Jan 11, 2011 1:10 PM ET
There are real signs that the economic recovery will gain strength next year, but that doesn't change the fact that most Americans still won't feel it.
It was around this time last year when it seemed like the U.S. economy was steering into better days. Businesses were investing more on equipment and software and consumer spending was stable. Exports rose at a healthy pace. And after aggressively reducing goods in stores and MORENin-Hai Tseng, Writer - Dec 30, 2010 5:00 AM ET
The U.S. recovery is picking up steam, economists at Goldman Sachs said Wednesday in raising their growth forecasts for 2011 and 2012.
They raised their 2011 forecast for inflation-adjusted U.S. growth to 2.7% from 1.9%, saying so-called "organic growth" – that not driven by government spending or inventory rebuilding – is taking off.
Wednesday's change puts Goldman's GDP forecast above the Wall Street consensus for the first time in five years, Goldman MOREColin Barr - Dec 1, 2010 1:00 PM ET
The harsh reality is that it will take tremendous growth in the GDP even to make a small dent in the unemployment rate.
Despite some mildly good economic news this week including an uptick in retail sales for October, the US economy is likely still years away from seeing unemployment fall in any meaningful way.
In fact, the American economy appears to barely be able to keep joblessness from rising further. US MORENin-Hai Tseng, Writer - Nov 16, 2010 8:54 AM ET
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