Jeff Kearns

Government, Business, Technology, Equipment

AI Poised to Impact High-Skill US Jobs, Including Finance

Robot arm A robot arm ready to go. (Getty Images)

Artificial intelligence is coming for America’s high-paid professions as it creates winners and losers across the labor market like never before.

Jeff Kearns | Bloomberg News
November 20, 2019
Government, Business

Second-Quarter Growth Revised Down to 2%

Economic growth Andrew Harrer/Bloomberg News

U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.

Jeff Kearns | Bloomberg News
August 29, 2019
Government, Business

IMF Says Tariffs Are Ineffective Tool to Right Trade Imbalances

International Monetary Fund Tariffs SeongJoon Cho/Bloomberg News

Tempting as it might be to think a stronger dollar offsets higher U.S. tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenback’s global prevalence tells a different story.

Jeff Kearns | Bloomberg News
August 21, 2019
Government, Business

Drop in Jobless Claims Shows Firm Labor Market

Jobless David Paul Morris/Bloomberg News

Applications for U.S. unemployment benefits declined for the second time in three weeks, indicating the labor market is holding steadfast in the face of slower global demand and trade tensions.

Jeff Kearns | Bloomberg News
August 8, 2019

Housing Starts Fall in March to Weakest Pace Since 2017

Man working on roof of house A worker carries a ladder on the roof of a home under construction in Saratoga Springs, Utah, in March. (George Frey/Bloomberg News

U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers.

Jeff Kearns | Bloomberg News
April 19, 2019
Government, Business, Logistics

Factory Gauge Rises From Two-Year Low on Employment Gains

Factory Worker Luke Sharrett/Bloomberg News

A gauge of U.S. factories topped estimates in March, rising from a two-year low on strength in employment and orders and signaling stabilization after a rocky few months.

Jeff Kearns | Bloomberg News
April 1, 2019
Government, Business

Consumer Spending Misses Forecasts as Inflation Eases

Consumer Katie Falkenberg/McClatchy-Tribune

U.S. consumer spending in January was short of projections while inflation eased, an early read on the economy in the first quarter that may add to concerns about the outlook.

Jeff Kearns | Bloomberg News
March 29, 2019
Government, Business

GDP Declines in 4Q, Reflecting Consumer, Government Spending

Andrew Harrer/Bloomberg News

U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.

Jeff Kearns | Bloomberg News
March 28, 2019
Government, Business, Logistics

January Trade Gap Narrows as Imports From China Plummet

Trade Chris Ratcliffe/Bloomberg News

The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.

Jeff Kearns | Bloomberg News
March 27, 2019
Government, Business

Philadelphia Fed’s Factory Outlook Is Weakest in Three Years

Manufacturing Daniel Acker/Bloomberg News

The six-month outlook for manufacturing in America’s mid-Atlantic region slumped to a three-year low, another sign that expectations for weaker global growth may be weighing on producers.

Jeff Kearns | Bloomberg News
March 21, 2019