U.S. Economic News

September 6, 2016

U.S. Economic Indicators

The ISM Non-Manufacturing Index fell 4.1 percentage points to 51.4 in August, reflecting continued sector growth, albeit at a slower rate.  The employment index fell 0.7 percentage point to 50.7 and the new orders index dropped 8.9 percentage points to 51.4.  ISM Report

U.S. Economic News

Sam Fleming asserts in the Financial Times that the sustained drop in U.S. productivity will be a defining characteristic of the next president’s economic inheritance.  Fleming argues that infrastructure spending, corporate tax cuts, immigration reform, and reductions in regulation can all help productivity recover.  FT

A new paper by professors of finance at Carnegie Mellon University and the Wisconsin School of Business argues that corporate inversions can actually be quite costly to certain groups of shareholders who have to pay capital gains taxes on their shares.  The authors find that taxable shareholders lose 1-3% of their shares’ value, while other groups of shareholders like executives, foreign shareholders, and retirement account investors avoid the tax when a company inverts.  NYTimes

Page 1 of 35512345...102030...Last »