News by subject: Economic News/Analysis

Following a year marked by banking industry disruption, geopolitical risks and sustained macroeconomic challenges, small and midsize business leaders are sharing a more balanced outlook heading into 2024, while pulling back from previous predictions...

DeciBio Consulting LLC's latest market report, "Global Clinical Oncology Biomarker Testing Market Report, Second Edition: 2023-2028," states that the global clinical oncology biomarker testing market is predicted to reach $12.6B by 2028, driven by...

ICR, a leading strategic communications and advisory firm, today released its January 2024 SPAC Market Update & Outlook report. In 2023, the SPAC market worked through the issuance and deal-making excess of 2020 and 2021. Only 32 SPAC IPOs priced...

U.S. small businesses experienced job growth for all of 2023 and extended a cycle of consistent job growth for 33-straight months, according to December data from the Paychex Small Business Employment Watch. The Small Business Jobs Index closed the...

Today, Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2023 Q4 VeroFORECASTSM that anticipates nationwide home prices, on average are expected to increase 2.4%...

Diamond trading was quiet in late December as wholesalers took vacation between Christmas and New Year. The industry was cautious due to sluggish US consumer demand and competition from synthetics. The holiday season for the overall jewelry market...

? The share of U.S. homebuyers looking to move to a different metro area declined for the third straight month in November, dropping to 23.9%. That's the lowest share in a year and a half, according to a new report from Redfin (redfin.com), the...

Primerica, Inc. , a leading provider of financial services in the United States and Canada, announced today the release of the Primerica Household Budget Indextm (HBItm), a monthly index illustrating the purchasing power of middle-income households...

According to preliminary insights from Mastercard SpendingPulseTM, U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24. Mastercard SpendingPulse measures in-store and...

As surging food inflation continues to define the economic landscape, restaurant groups of all sizes struggle to remain profitable. The ability to easily access the most competitive prices on food products has always eluded restaurants due to opaque...

University of Phoenix College of Doctoral Studies has released a new white paper, "Underrepresented Americans: How The Pandemic Rooted Societal Barriers and Derailed Career Trajectories," authored by, Juana Lang, Ed.D., M.Ed., faculty in the College...

J.D. Power: The Total Sales Forecast Total new-vehicle sales for December 2023, including retail and non-retail transactions, are projected to reach 1,396,700 units, a 13.2% increase from December 2022, according to a joint forecast from J.D....

?Just 15.5% of homes for sale in 2023 were affordable for the typical U.S. household?the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 20.7% in 2022 and more...

Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). As the pension risk transfer (PRT) market continues to grow, it has become increasingly important to...

Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, today announced record liquidity across its global natural gas futures markets, including record open interest in ICE's Henry Hub natural gas...

Total construction starts fell 15% in November, dropping to a seasonally adjusted annual rate of $927 billion, according to Dodge Construction Network. Nonresidential building starts fell 29% during the month, residential starts lost 6%, and...

As the restaurant industry grapples with sustained economic pressure and labor challenges, SpotOn, a leading restaurant software and payments provider, unveils its predictions for the restaurant industry and recommendations for independent operators...

Advantage Capital, a leading impact investment firm, today announced a $1.75 million investment in Utah-based baked goods manufacturer, Farmstead Manufacturing. The company will use the financing to support the land purchase and build out of a...

? The Redfin Home Price Index? which is similar to but more current than the Case-Shiller price index?showed that U.S. home-price growth slowed for the third straight month in November. This is according to a recent report from Redfin (redfin.com),...

Pivotree Inc. ("Pivotree" or the "Company"), a leading provider of frictionless commerce solutions and services, today announced its clients, including leaders across several retail categories, experienced record-breaking 2023 sales throughout the...

On Tuesday, the Port Commission of the Port of Houston Authority met at its last regular monthly meeting of the year. Chairman Ric Campo opened the meeting by highlighting the recent Port Houston visit of Prime Minister of Belgium Alexander De Croo....

Catalent, Inc. ("Catalent" or the "Company") announced today that the Company has received written notification ("Notice") from the New York Stock Exchange ("NYSE") that it has officially regained compliance with the NYSE continued listing...

European insurers, facing challenging macroeconomic conditions, new market risks and changing customer demands, are seeking more agile, tech-savvy approaches to business, according to a new research report published today by Information Services...

In a world grappling with the significant challenge of climate change, the telecommunication sector emerges as a pivotal player in the quest for sustainability. Today, 5G Americas, the voice of 5G and beyond in the Americas, has released a white...

First American Financial Corporation , a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today published a study comparing the fees for title...

More Americans plan to put an emphasis on their finances in the new year as inflation and rising interest rates affect their long-term financial outlook, according to the 2023 New Year's Resolutions Study* from Allianz Life Insurance Company of North...

?Daily average mortgage rates have fallen to 6.82% and housing payments have dropped to their lowest level since April. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This marks the first time...

The residential and commercial real estate market has not yet reached a post-pandemic normal, according to the results of a new 2024 economic housing forecast released December 13, 2023 by the Northern Virginia Association of REALTORS® in conjunction...

Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. , today issued its annual Capital Markets Assumptions report for 2024. The report provides market forecasts for the coming decade while considering...

According to the Schroders 2023 U.S. Retirement Survey, non-retired Americans between the ages 43 and 58 (Generation X) say on average it will take $1,112,183 in savings to retire comfortably, yet they expect to have just $661,013 saved. The...

According to the latest InspereX Pulse Survey of 384 financial advisors, the majority (62%) believe rates on the 2-year U.S. Treasury are at peak now, while 26% believe rates will hit 6%, and 12% say between 7-9% over the next 18 months. They do...

Researched by Industrial Info Resources--As West Texas Intermediate (WTI) crude oil prices dangle desperately around the $70-per-barrel (BBL) threshold, the month of December finds many in the industry longing for the good old days when the Christmas...

In a new article, Best's Review speaks to experts about what they see as the insurance industry's top issues in the coming year. Hot topics include natural catastrophes and climate risk, generative artificial intelligence, cyberrisk, litigation and...

A notable increase in concerns over risk management and regulatory compliance issues headlines key challenges facing U.S. banks, credit unions and other lenders, according to the results of the 2023 Regulatory & Risk Management Indicator survey...

First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation , today released its November 2023 Home Price Index (HPI)...

Wovenware, a Maxar Intelligence company and a nearshore provider of artificial intelligence (AI) and custom software engineering solutions, today released its annual predictions on the key trends that will shape and influence the technology industry...

Enable, the rebate management platform, today released its annual reports: 2024 State of Volume Rebates Report for Manufacturers and State of Volume Rebates Report for Distributors. Enable created the two reports to show how rebates drive financial...

KBRA releases its 2024 Public Finance Sector Outlook with a special focus on the U.S. airport sector. KBRA believes the U.S. airport sector has successfully weathered the COVID-19 pandemic and the accompanying sharp decrease in passenger activity...

Cushman & Wakefield today released its 2024 U.S. Macro Outlook report which describes the economic landscape as a rolling recession, one in which some industries contract while others continue to expand. Sectors that are currently experiencing some...

Vagaro, the leading salon, spa, hair, and beauty software, recently analysed data from IBISWorld, a leading global industry-market research database, which projects revenue in the hair and beauty sector* will reach £4.6 billion over the next five...

Financial Literacy for All (FL4A), a national initiative dedicated to embedding financial literacy into the nation's schools, workplaces, communities, and culture, today announced that McDonald's Corporation and Paramount Global have joined a...

Researched by Industrial Info Resources -- Chevron Corporation (San Ramon, California) has announced an organic capital expenditure (capex) budget of $16 billion for 2024. The spend includes $14 billion for upstream spending, two-thirds of which is...

Saviynt, a leading provider of cloud-native identity and governance platform solutions, announced today that corporate boards likely will be impacted by regulatory shifts and artificial intelligence (AI), according to industry thought leaders...

The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I)....

Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. The Milliman 100 PFI funded ratio...

United States Steel Corporation's ("U. S. Steel") Minnesota Ore Operations in the Mesabi Iron Range of northern Minnesota contributed $1.8 billion to the local and state economy in Fiscal Year 2022 (FY22), according to an economic impact report...

A new survey on mergers and acquisitions (M&A) disputes from Grant Thornton LLP, one of America's largest audit, tax and advisory firms, revealed that dispute activity has increased ? along with an increase in overall deal volume. The 2023 M&A...

? 2023 has been the least affordable year to buy a home in Redfin's records, but things are looking up for 2024, according to a report from Redfin (redfin.com), the technology-powered real estate brokerage. Someone making the $78,642 median U.S....

?Homebuying is becoming more affordable as mortgage rates continue declining?the median U.S. housing payment was $2,561 during the four weeks ending December 3, down $177 from the record high they hit in October. This according to a new report from...

American workers are benefiting from higher savings account rates, a rebounding equity market from 2022 (although still marked by volatility) and a strong employment market. However, economic and financial conditions have put considerable pressure...