Written by Steven Hansen
This past week, data from the BEA showed personal income was improving nicely whilst consumer spending was muddling along.
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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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Written by Bradley Adams, GEI Associate
It is no secret that China has recently suffered a heavy economic downturn in recent weeks. Their stock market has gone from 5166 on 6/6/15 to 3436 on 11/27/15. While the Shanghai Composite has increased YTD, and is up from 2682 since this time last year, the past 4 months have seen massive decreases in stock prices. This has led the government to take on policies to attempt to prop up the Yuan against other currencies following 2 recent devaluations, one on August 11th and another on August 25th.
Infographic Of The Day: The History Of The Use Of The Power Of The Sun
The sun offers an amazing source of power.
This widget provided by DailyForex.com Forex News & Brokers
by Daily Reckoning, Daily Reckoning
-- this post written by Chuck Butler
And now... today's Pfennig for your thoughts...
Good day, and a happy Friday to one and all!
What a strange feeling it must have been for the currencies yesterday, who from the looks of my screen late in the day, were all booking gains vs. the dollar. Yes, I had told you that was the way it was in the early morning, but not often in recent times have we seen the currencies hold their gains, and most cases add to them as the day went along. And the currency that had the most life to it was the euro.
Written by Investing.com Staff, Investing.com
U.S. stocks mixed in light session, amid thin shopping on Black Friday
U.S. stocks were mixed in a lightly traded post-Thanksgiving session, as retail stocks remained flat during the official beginning of the Holiday shopping season.
Dragged down by sharp losses from Walt Disney Company (N:DIS), the Dow Jones Industrial Average lost 14.90 or 0.08% to 17,798.49. The S&P 500 Composite Index, meanwhile, gained 1.24 or 0.06% to 2,090.11, as seven of 10 sectors closed in the green. Stocks in the Telecommunications, Financials and Health Care sectors led, while stocks in the Energy, Consumer Services and Basic Materials industries lagged. The major indices remained near their highest closing level in three weeks.
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from the American Chemistry Council
The Chemical Activity Barometer (CAB) stabilized in November, rising 0.1 percent following three consecutive months of decline. October data was revised up 0.3 percent and September by 0.2 percent.