Paul Ashworth

Type: Person
Name: Paul Ashworth
First reported 1 hour ago - Updated 1 hour ago - 1 reports

U.S. GDP grew at 4% rate in second quarter

Workers weld wind turbine towers last year. After a rough winter, new data Wednesday showed the U.S. economy is expanding rapidly. (Norm Betts/Bloomberg)After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at ... [Published CBC - 1 hour ago]
First reported Aug 21 2014 - Updated Aug 21 2014 - 1 reports

Longer auto loans raise concerns

A senior executive with Honda U.S. raised concerns this week about the growing number of subprime car loans in the market, implying that rivals are lending to anyone to juice sales.John Mendel’s remarks raised the spectre of another subprime loan fiasco ... [Published Toronto Star Online - Aug 21 2014]
First reported Aug 19 2014 - Updated Aug 19 2014 - 1 reports

First the Bad News …

Stocks and pretty much every other asset class are heading higher this week for a very interesting reason that has confounded bears, who can’t catch a break. The catalyst was a  weaker -than-expected retail sales report last week — as well as soft data ... [Published Money And Markets - Aug 19 2014]
First reported Aug 08 2014 - Updated Aug 09 2014 - 2 reports

Canadian economy stalls, creates paltry 200 net jobs last month

Canada’s economy created just 200 net new jobs in July, widely missing economists’ forecasts amid other signs Canada’s economic growth rate is improving.Canada’s unemployment rate improved, falling a tenth of a point to 7 per cent last month, but that ... [Published Mississauga News - Aug 08 2014]
First reported Aug 08 2014 - Updated Aug 08 2014 - 1 reports

Corporate earnings: up. Hiring: not so much.

Corporate earnings reports for the spring quarter are mostly in by the first week in August. Overall, they paint a pretty rosy picture for America, Inc., as Bloomberg predicts profits at S&P 500 companies rose nearly 9.5 percent; sales rose more than ... [Published Marketplace - Aug 08 2014]
First reported Aug 06 2014 - Updated Aug 06 2014 - 3 reports

Why You Have to Start Paying Down Your Credit Cards Right Now

Steven Puetzer—Federal Reserve meetings aren’t high on most people’s list of interesting things, but if you have a credit card and carry a balance, you should probably start paying attention to what America’s top money policymakers are talking about, ... [Published Time - Aug 06 2014]
First reported Aug 03 2014 - Updated Aug 03 2014 - 2 reports

Midwage work comes back as US moves past burger-flipping jobs

Ryan Kenny has been testing chainsaws for the last seven months and getting paid for it. He’s also among a growing cadre of U.S. middle-income earners.After two internships, Kenny, 23, was hired at Stihl to check the durability of parts and power tools, ... [Published STLtoday.com - Aug 03 2014]
First reported Aug 01 2014 - Updated Aug 01 2014 - 2 reports

Report: Jobs growing at steady pace

Months out from the midterm elections, Democrats on the campaign trail are now armed with this talking point: No matter how you look at it, the economy is steadily gaining strength.The Labor Department said Friday that the economy added 209,000 jobs in ... [Published Politico - Aug 01 2014]
First reported Jul 31 2014 - Updated Jul 31 2014 - 3 reports

Jump in 2nd-quarter GDP signals momentum for economy

WASHINGTON — The U.S. economy has rebounded with vigor from a grim start to 2014 and should showrenewed strength into next year.That was the general view of analysts yesterday after the government estimated that the economygrew at a fast 4 percent annual ... [Published Columbus Dispatch - Jul 31 2014]
First reported Jul 30 2014 - Updated Jul 30 2014 - 5 reports

US growth bounces back on higher domestic spending

The 4 percent jump in US gross domestic product (GDP) reported Wednesday by the Commerce Department was caused by higher spending by consumers and businesses as well as state and local governments.In the second quarter, American consumers spent 2.5 percent ... [Published Deutsche Welle - Jul 30 2014]
First reported Jul 29 2014 - Updated Jul 30 2014 - 2 reports

Consumer Confidence Hits Post-Recession High

U.S. consumer confidence jumped up more than four points from June to July, signaling a brighter economic outlook among Americans.The Conference Board's Consumer Confidence Index reached 90.9 in the group's July survey, up from 86.4 in June. As of July, ... [Published The MReport - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 2 reports

Wider Trade Deficit Suggests Stronger U.S. Consumer

U.S. consumers are getting more confident by the month. The Conference Board’s consumer confidence index jumped from 84.6 to 90.9 in July, the highest it’s been since October 2007, two months before the economy officially went into recession. That marks ... [Published BusinessWeek - Jul 29 2014]

Quotes

Paul Ashworth, chief US economist at Capital Economics, said that Fed officials "still need to nail down exactly how they intend to do that"
...we would expect this particular confidence measure to come in a little higher in the final August estimate," said Capital Economics Paul Ashworth. "more generally, the various confidence measures are all over the place. this eight-month low contrasts with the conference boardboard measure, which hit its highest level in july since the recession began."

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All (101) | News (54) | Reports (0) | Blogs (47) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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U.S. GDP grew at 4% rate in second quarter [Published CBC - 1 hour ago]
Central bankers gather for Jackson Hole: the is... [Published ACQ Magazine - Aug 25 2014]
Longer auto loans raise concerns [Published Toronto Star Online - Aug 21 2014]
First the Bad News … [Published Money And Markets - Aug 19 2014]
Central bankers gather for Jackson Hole: the is... [Published Telegraph - Aug 18 2014]
Consumer Sentiment Disappoints in Preliminary R... [Published The MReport - Aug 15 2014]
DOW FALLS, NASDAQ RALLIES: Here's What You Need... [Published Clusterstock - Aug 15 2014]
Americans' Confidence In US Economy Falls To Ni... [Published International Business Times - Aug 15 2014]
CONSUMER CONFIDENCE FALLS TO 9-MONTH LOW [Published News-Times - Aug 15 2014]
7 Reasons Why Now Is a Great Time to Ask for a ... [Published Time - Aug 13 2014]
Rapidly strengthening US job market could feed ... [Published City A.M. - Aug 13 2014]
Canadian economy stalls, creates paltry 200 net... [Published Cambridge Times Ontario - Aug 13 2014]
US Income Inequality Rising Despite Gains In Em... [Published International Business Times - Aug 12 2014]
Canadian economy stalls, creates paltry 200 net... [Published Mississauga News - Aug 08 2014]
Canada sees drop in full-time jobs in July, 35,... [Published CJAD 800 - Aug 08 2014]
Corporate earnings: up. Hiring: not so much. [Published Marketplace - Aug 08 2014]
‘A very, very positive signal': Is Canada’s exp... [Published Financial Post - Top Stories - Aug 06 2014]
US Economy Growing Faster Than Expected As Amer... [Published International Business Times - Aug 06 2014]
U.S. Trade Deficit Unexpectedly Narrows To $41.... [Published RTTNews.com - Aug 06 2014]
Why You Have to Start Paying Down Your Credit C... [Published Time - Aug 06 2014]
Why You Have to Start Paying Down Your Credit C... [Published TIME.com - Aug 06 2014]
Why You Have to Start Paying Down Your Credit C... [Published The Curious Capitalist - Aug 06 2014]
Midwage work comes back as US moves past burger... [Published STLtoday.com - Aug 03 2014]
Mid-wage work returning to labor market [Published Wichita Eagle - Aug 03 2014]
US economy rebounds as firms hire more staff [Published Mail Online UK - Aug 01 2014]
BERNINA Honors Its Outstanding Dealers For 2013 [Published Canada Standard - Aug 01 2014]
BERNINA Honors Its Outstanding Dealers For 2013 [Published Textileweb.com - Aug 01 2014]
Job Growth Weaker than Expected in July [Published DSNews.com - Aug 01 2014]
Economists React to July’s Jobs Report: ‘Not We... [Published WSJ.com: Real Time Economics - Aug 01 2014]
Report: Jobs growing at steady pace [Published Politico - Aug 01 2014]
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DOW FALLS, NASDAQ RALLIES: Here's What You Need... [Published Clusterstock - Aug 15 2014]
Stocks closed mixed in a volatile session that saw stocks sell off sharply in late morning trade after headlines out of Ukraine suggested tensions in its conflict with Russia could be flaring. First, the scoreboard: Dow: 16,656.97, -55.6, (-0 ...
‘A very, very positive signal': Is Canada’s exp... [Published Financial Post - Top Stories - Aug 06 2014]
OTTAWA — Has the long-anticipated rotation in Canada’s economy finally begun? Yes, perhaps. No question exports have surged to a two-years-plus high, reversing the previous string of trade deficits. And while companies here are waiting for an even more ...
Why You Have to Start Paying Down Your Credit C... [Published TIME.com - Aug 06 2014]
Federal Reserve meetings aren’t high on most people’s list of interesting things, but if you have a credit card and carry a balance, you should probably start paying attention to what America’s top money policymakers are talking about, because it’s going ...
Why You Have to Start Paying Down Your Credit C... [Published The Curious Capitalist - Aug 06 2014]
Federal Reserve meetings aren’t high on most people’s list of interesting things, but if you have a credit card and carry a balance, you should probably start paying attention to what America’s top money policymakers are talking about, because it’s going ...
Economists React to July’s Jobs Report: ‘Not We... [Published WSJ.com: Real Time Economics - Aug 01 2014]
U.S. nonfarm employers added 209,000 jobs in July , slightly below forecasts and slower than earlier gains, while the unemployment rate ticked up to 6.2% from June. But employers have now added 200,000 or more jobs in six consecutive months for the ...
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