By WSJ Fri., April 26, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. U.S. gross domestic product advanced at a 3.2% pace in the first quarter, a surprisingly strong number that suggests solid economic momentum. Good afternoon. Jeff Sparshott here with Greg Ip and Jon Hilsenrath to take a look under the hood of the latest report. MAYBE THE FED SHOULD MESS UP MORE OFTEN The Federal Reserve's interest-rate increase in December was met by an avalanche of condemnation, from President Trump to liberal economists and hedge-fund gurus. Four months later, growth has accelerated to 3.2% in the first quarter from 2.2% in the fourth, job growth is rock solid, and stocks hit a new high. —Greg Ip Article Continued Below KEY THEMES THE AMAZING DISAPPEARING INFLATION ACT One striking facet of today's GDP number: Low inflation played a key role in driving the real measure of … [Read more...] about Real Time Economics: Boom Goes U.S. GDP!
Real time personalization software
It’s no secret that your personal data is routinely bought and sold by dozens, possibly hundreds, of companies. What’s less known is who those companies are, and what exactly they do. Thanks to a new Vermont law requiring companies that buy and sell third-party personal data to register with the state, we’ve been able to assemble a list of over 100 data brokers operating in the U.S. It’s a rare, rough glimpse into a bustling economy that operates largely in the shadows, and often with few rules. Even Vermont’s first-of-its-kind law, which went into effect last month, is limited in scope: It doesn’t require data brokers to disclose who’s in their databases, what data they collect, or who buys it. Nor does it require brokers to give consumers access to their own data or opt out of data collection. Brokers are, however required to provide some information about their opt-out systems under the law–assuming they provide one. If you do want … [Read more...] about Here are the data brokers quietly buying and selling your personal information
By WSJ Thu., Feb. 28, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. The U.S. economy advanced at 2.6% annual pace in the fourth quarter, a quiet end to a solid year of growth. Greg Ip and Jeff Sparshott here to take you through some of the report's highlights and what it means for 2019. KEY THEMES ECONOMY HITS TRUMP’S 3% TARGET (FOR NOW) President Trump promised 3% growth. Measured one way, last year didn't deliver: Gross domestic product rose 2.9% in calendar 2018 over 2017, matching the increase in 2015. Measured another way, it did: GDP rose 3.1% in the fourth quarter from a year earlier, the best since 2005. While both are valid, Mr. Trump’s budget, Fed officials’ quarterly projections and the Journal’s survey of private economists emphasize fourth quarter over fourth quarter. So Mr. Trump is well within his bragging rights. But only partly. He promised … [Read more...] about Real Time Economics: Trump Gets His 3% Growth, Though It Probably Won’t Last
By WSJ Wed., Feb. 13, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. President Trump sounds flexible on two big economic wildcards: a deadline to raise tariffs on China and a plan to avoid another government shutdown. Good morning. Jeff Sparshott here to take you through the day's economic news, including lingering fallout from the last shutdown, record job openings and record household debt, and columnist Greg Ip's take on the Green New Deal. Send us your questions, comments or suggestions by replying to this email. FLEXIBLE DEADLINE President Trump said he is willing to delay next month’s deadline for resolving the U.S.’s trade conflict with China if negotiations with Beijing are progressing smoothly: “If we’re close to a deal…I could see myself letting that slide for a little while.” While markets would welcome a cessation of trade … [Read more...] about Real Time Economics: Tariff Deadlines, Shutdown Suspense and Record Job Openings
Sian Gabbidon might be the talk of the town following her triumph on the latest series of The Apprentice. But the Leeds-based swimwear brand owner isn’t the only bright young thing going places in the city.A group of four software development apprentices at automotive data and technology business cap hpi are currently also winning plaudits for their work and ideas.The rising stars are Zahid Rahman, 19, from Leeds, Alex Maughan, 24, from Harrogate, Wesley Spellman, 19, from Huddersfield, and Holly Anusic, 21, from Bingley.They started at Leeds-based cap hpi in March as part of a scheme run in conjunction with IT apprenticeship provider Estio Training.The four are now well on the way to earning Level 3 City & Guilds qualifications this May, with the added possibility of landing full-time junior developer roles at cap hpi.And the company’s senior development manager, Helen Wright, couldn’t be happier with the impact made by the apprentices. She said: … [Read more...] about Rapid development of young software stars at Leeds automotive data company