VENTURE CAPITAL POST

Holiday occasions bring smiles and enthusiasm in thousands of people as they celebrate by exchanging gifts and inviting people for a feast. This sometimes can lead to overspending, thus making a household budget jeopardized.

The world's largest economy registered an encouraging growth in gross domestic product (GDP) in the third quarter of 2015. The GDP growth rate surpassed previous forecasts as businesses expanded inventories indicating the economy on the right track.

US retailers have started flexing their muscles to meet the buying demand during the forthcoming holiday season. Retailers such as Amazon have started hiring in number running over thousands.

The US construction sector recorded an encouraging spending of $1.08 trillion, a 0.7 percent monthly growth, indicating a seven-year high. The July data from the US Commerce Department has not only boosted the market sentiment but also gave an indication of robust economic activity in the third quarter.

Slumping oil prices take its toll on the Canadian economy. Canada is now officially in a recession for the first time in six years, as crude prices plummet due to supply glut and falling global demand, particularly from China.

Although many believe that the US has started to lose its power and influence because of stagnating economy, a Financial Times report believes that compelling evidence abounds that refute this claim.

Employment, salaries, automotive and other industries grow after the sixteen day US government furlough.

A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.

American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.

With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.

According to an article for Reuters, the banks' notion of capital being the US economy's savior was a farce.

Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.

Markit, a financial data company, said that the US factory activities increased by 53.9% which was its best rise since March.

Retail sales in the US rose in July, signifying better times for the US economy.