November 9, 2021
“U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off… Continue Reading…
November 9, 2021
“The U.S. Federal Reserve warned Monday of potential spillover from China’s real estate troubles to the U.S. financial system. Since this summer, highly indebted developer China Evergrande has rattled global investors as the company has attempted to avoid official default. Other Chinese developers have also struggled… Continue Reading…
November 5, 2021
“The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this “not… Continue Reading…
November 5, 2021
“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…
November 4, 2021
“…The sector’s most popular benchmark, the Energy Select Sector SPDR ETF (NYSEARCA:XLE), climbed another 10% in October to bring its year-to-date gain to a market-beating 54.3% thanks to the oil price rally as well as stellar earnings… Nearly 60% of S&P 500… Continue Reading…
November 3, 2021
“EDITOR’S NOTE: Market Watch explains why inflation is happening and how it will push the economy back closer to its pre-pandemic “normal” state. “Inflation is always caused by too much money chasing too few goods,” and the abundance of money… Continue Reading…
November 3, 2021
“EDITOR’S NOTE: A recently released Federal Reserve Bank of Dallas report on price hikes shows that “a record 50.5 percent of manufacturers had raised prices on their finished goods in October, while just 0.7 percent cut prices,” according to Breitbart.… Continue Reading…
October 28, 2021
“U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period as snarled supply chains and a surge in COVID-19 cases throttled spending and investment. Gross domestic product expanded at a… Continue Reading…
October 28, 2021
“The potential for a knock-on effect of rising fuel prices to be felt by other industries is becoming more likely, as oil and gas prices continue to rise to an all-time high, companies are finding it hard to maintain their… Continue Reading…
October 28, 2021
“The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday. Gross domestic… Continue Reading…
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