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Economy

Sales Up: “No Line to Board Private Jets, but There Is a Line to Buy Them”

January 1, 2020

“Mr. Papariella’s clients often look to buy used jets, some decades old, that still perform at a high level but cost less up front, he said. A Gulfstream G4 from 2002 might cost $3 million — far better than $60… Continue Reading…

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Economy

“…World’s Richest Gain $1.2 Trillion”

December 31, 2019

“…the richer they were at the start of the year, the richer they got. The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion… Leading the 2019… Continue Reading…

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Economy, Stocks

“Global stock markets gained $17 trillion in value in 2019”

December 30, 2019

“Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed… Continue Reading…

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Economy

“Saturday shopping set a single-day sales record, analyst says”

December 30, 2019

“Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners… … As retailers offer improved web platforms, online spending so far this season has… Continue Reading…

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Economy

“Gold Expert Discusses a “New Bull Market” on the Horizon”

December 27, 2019

“There are a tremendous number of factors currently in play which all historically have driven the gold market up. Clark points out that when you look at things like the increase in negative interest rates around the world, geopolitical conflicts,… Continue Reading…

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Economy

“California population growth slowest since 1900 as residents leave…”

December 26, 2019

“The number of Californians increased to 39.96 million, with new data from the Department of Finance showing mostly downward trends. They are rooted in fewer births, coupled with increased deaths among an aging population. The Golden State, however, has also seen changes in… Continue Reading…

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Economy

“Over 40% of Consumers in Some States Have Delinquent Household Debt, Data Indicate”

December 24, 2019

“Nationwide, 31% of people with credit bureau records had debt in collections last year, according to the 2018 figures, which were published by the Urban Institute. The median amount of that debt was $1,639. “The share of consumers with financial distress,… Continue Reading…

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Economy

“Employers post more jobs in October in sign of solid economy”

December 24, 2019

“The number of available jobs jumped in October after hitting an 18-month low the previous month, a sign the job market remains strong. The Labor Department said Tuesday that the number of available positions rose 3.3% to nearly 7.3 million. That suggests… Continue Reading…

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Economy

“U.S. Factory Output Rebounds Even Without Post-GM Strike Bump”

December 23, 2019

“U.S. factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors Co. strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output,… Continue Reading…

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Economy

“Once affordable, Phoenix rents among fastest rising in US”

December 23, 2019

“Phoenix long has been considered an inexpensive place to live, but that may be changing. Even some middle-class people are struggling to make ends meet as the desert city experiences some of the nation’s fastest-rising rents, jumping as much as… Continue Reading…

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