Overall growth in U.S. gross domestic product fell to 1.6% in the first quarter, but the slowdown was exaggerated by volatile trade and inventory data, which provided a 1.2% drag on overall activity. … READ MORE >
USA
Midyear update: An economy on knife’s edge as inflation bites
The supply, demand and energy shocks cascading through the American economy are sufficient to cause an end to the business cycle over the next six months. … READ MORE >
Tableau Test
5 things to know in life sciences: Week of Feb. 15
In this week’s roundup we look at promising results in a clinical trial leveraging an existing diabetes drug to treat obesity, a new and less invasive treatment for sleep apnea, the impact of the pandemic on oncology trials and more. … READ MORE >
Policy improvisation is needed to prevent broader business catastrophe: Three fixes for critical aid needed by small and midsize companies
The government aid rolled out to small and medium-size enterprises, which was exhausted after only 13 days, has been problematic at best; at worst, if not changed, it will lag the survival period of many struggling businesses. The U.S. government framework is going to have to be enlarged, include more generous terms for participation and ensure that aid flows to far more smaller firms than the current oversubscribed program has accomplished to date. … READ MORE >
Retail sales stay hot, but for how long?
The July retail sales numbers released by the Commerce Department on Thursday continued to reinforce that the resilient consumer has kept the economy afloat amid trade tensions and an unstable economic environment outside of the United States. The question is, how long will it last? … READ MORE >