Political Capital

Posts tagged: economy

A McDonald's burger.

Photograph by Andrey Rudakov/Bloomberg

A McDonald's burger.

Look Out McDonald’s: Better Economy Means Gourmet Burgers

A strengthening economy may be a disadvantage for McDonald’s Corp. as consumers opt for gourmet burgers over Big Macs, according to Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC. The world’s largest restaurant chain, whose second-quarter profit and revenue...

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A new home under construction stands at the Toll Brothers Inc. Cattail Overlook development in Glenelg, Maryland

Photograph by Andrew Harrer/Bloomberg

A new home under construction stands at the Toll Brothers Inc. Cattail Overlook development in Glenelg, Maryland

New-Home Stock About to Dry Up?

Unexpectedly weak data on residential construction from the Commerce Department today may mean the supply of new houses on the market is going to get very slim. That’s the conclusion reached by economists at Morgan Stanley in New York. The...

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A supporter of Barack Obama shows off the earrings she got in New York City before the start of an Obama campaign rally at the George Mason University campus on October 19, 2012 in Fairfax, Virginia.

Photograph by Chip Somodevilla/Getty Images

A supporter of Barack Obama shows off the earrings she got in New York City before the start of an Obama campaign rally at the George Mason University campus on October 19, 2012 in Fairfax, Virginia.

Women Defect: Obama Ratings Down

President Barack Obama’s favorable ratings are in negative territory, according to a Quinnipiac University poll out today that shows women voters souring on his performance in office. Women voters were key to Obama’s re-election in 2012, giving him 55 percent...

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Shoppers ride escalators in San Diego, California.

Photograph by Sam Hodgson/Bloomberg

Shoppers ride escalators in San Diego, California.

Economy in U.S. Hit Soft(er) Patch in 2Q as Wholesalers Pared Inventory

The nation’s wholesalers made strides in clearing out inventory in May. Their progress also portends even softer economic growth in the second quarter. Commerce Department figures today showed wholesale inventories unexpectedly fell 0.5 percent in May, the most since September...

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New Ford cars in Colma, California.

Photograph by Justin Sullivan/Getty Images

New Ford cars in Colma, California.

Jobs Report Shows Auto Rebound

As trucks such as Ford’s F-150 and cars including Chevy’s Cruze are being driven off dealer lots at the fastest pace in more than five years, employment in the industry is along for the ride. More than 806,000 Americans were...

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A trader works on the floor of the New York Stock Exchange on June 20, 2013.

Photograph by Spencer Platt/Getty Images

A trader works on the floor of the New York Stock Exchange on June 20, 2013.

Bloomberg by the Numbers: 7

The Standard & Poor’s 500 index closed lower in June after showing gains for seven consecutive months. The S&P 500 dropped 1.5 percent last month to 1606.28, its first monthly decline since October. Even then, the index has risen 13...

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Gasoline at a station in San Francisco, California.

Photograph by David Paul Morris/Bloomberg

Gasoline at a station in San Francisco, California.

Gas Price Burden Lifting as MPG Reduces Strain on Incomes

Gas prices can’t cool Americans’ love affair with their cars. Gasoline demand has typically been a function of how much people drive — more miles, more tanks sold. But in 2011 that relationship started breaking down as cars became more...

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Shoppers at an outdoor mall in San Antonio, Texas.

Photograph by Jennifer Whitney/Bloomberg

Shoppers at an outdoor mall in San Antonio, Texas.

Bloomberg by the Numbers: -32.5

That’s the Bloomberg Consumer Comfort Index average this year, the highest since 2007. The weekly gauge can range from 100 to minus 100 and is based on Americans’ views about the national economy, their personal finances and the buying climate....

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