July 15, 2019
” Shake Shack recently announced it would test out the idea of a four-day workweek at some of its restaurants on the West Coast. The tests vary by restaurant, but employees work an average of 40 hours in four days with the… Continue Reading…
July 15, 2019
“Citigroup kicked off bank earnings season on Monday with solid results that were boosted by a splurge in share buybacks. The stronger-than-expected earnings from Citi (C) suggest America’s big banks continued to chug along during the second quarter in the face of a challenging economic… Continue Reading…
July 11, 2019
“The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell that signaled easier monetary policy could be implemented later this month… Meanwhile, the S&P 500 rose 0.3% to trade back above… Continue Reading…
July 5, 2019
“The American jobs engine revived in June as hiring topped all economists’ estimates… Nonfarm payrolls climbed a solid 224,000 last month… a Labor Department report showed Friday. At the same time, the jobless rate ticked up to 3.7% from a… Continue Reading…
July 1, 2019
“It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm… This means so… Continue Reading…
June 28, 2019
“Stocks opened higher on Friday as bank shares got a boost after the release of the Federal Reserve’s stress test results while investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. The Dow… Continue Reading…
June 25, 2019
“The International Monetary Fund on Thursday raised its economic growth assessment for the U.S.Opens a New Window. this year, but warned that escalating global trade disputes could pose a threat to that outlook. In an overarching review of the U.S. economy, the… Continue Reading…
June 25, 2019
” The cap on state and local tax (SALT) deductions has already begun to driveOpens a New Window. some residents away from high-taxOpens a New Window. states like New York and New Jersey, but experts say that trend is only going to intensify… The… Continue Reading…
June 20, 2019
“Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month. The S&P 500 surged 0.9%, hitting a record high of 2,954.33 as the tech and energy sectors outperformed. The Dow Jones Industrial Average gained 256 points… Continue Reading…
June 20, 2019
“A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could… Continue Reading…
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