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ISM Shows U.S. Manufacturing Clawing Its Way Back

July 2, 2015

CARL RICCADONNA AND JOSH WRIGHT, BLOOMBERG ECONOMISTS The June manufacturing ISM headline modestly topped estimates, a further sign of economic recovery from a first quarter soft patch. Even so, the index is running cool relative to recent history, a reminder of factory sector headwinds like energy sector retrenchment and heightened

Traveling to the West Coast? Bring Your Checkbook

June 30, 2015

San Francisco led all cities in the Bloomberg World Hotel Index in both the average cost for a night’s stay and the change in price from a year earlier. Visitors to the Bay Area city will have to fork over some $397 per night for the chance to stroll around

Brief Bites-6/26

June 26, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories.

Economy Shines Bright Deep in the Heart of Texas

June 26, 2015

RICHARD YAMARONE, BLOOMBERG INTELLIGENCE ECONOMIST Texas gross state product was $1.648 trillion in 2014, data from the Bureau of Economic Analysis show. That’s larger than Australia, South Korea and Spain, according to International Monetary Fund figures. For this reason alone, the goings-on in the Lone Star State should be considered

Global Growth: How Strong Is the Engine?

June 25, 2015

This special report from Bloomberg Brief and Bloomberg Intelligence assesses the strength of the global economy and the risks of a slower expansion.Featuring commentaries on global interest rates, the U.S., Brazil, the euro area, the U.K., Africa, China, Japan, India and more. Click here to view the full supplement.   

Emerging Markets Projected to Hold Back Global Growth in 2015

June 25, 2015

Global growth will be divided in 2015 between developed countries, where systemic risks are on the wane, and the emerging markets, where many countries, especially oil exporters who did not build substantial reserves during the boom years, will contract or see slower growth. Private sector economists are more optimistic than

San Francisco Apartments Chip Away at NYC Price Gap

June 23, 2015

Manhattan apartments are the costliest to rent and to buy, yet San Francisco is chipping away at the gap between the two due to strong job growth, expensive single-family homes and an overall housing shortage. New York’s average rent is 42 percent higher than San Francisco’s, down from 50 percent

Brief Bites- 6/19

June 19, 2015

Editor Taylor Riggs highlights the week’s top Bloomberg Brief stories.

Violence’s Impact on GDP More Than 6x Greece’s Bailout

June 18, 2015

The impact of violence on the global economy reached $14.3 trillion in the past year, according to a report from the Institute for Economics and Peace. The amount is comprised of US$7.16 trillion in current yearly costs — including among others global military expenditure, terrorism, GDP losses from conflict, and

Keene’s Corner: Wells Fargo Chief Economist John Silvia

June 16, 2015

  Wells Fargo Chief Economist John Silvia speaks with Bloomberg’s Tom Keene and Michael McKee about slow U.S productivity growth and the lack of economic mobility in the labor force.  Click here to see the full interview taken from the Bloomberg Brief Economics Newsletter. To take a complimentary 30 day trial