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Economy

“Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus”

” The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W.… Continue Reading…

Business, Economy, Investing, Stocks

“Global Markets Drop Over Worries About U.S. and European Economies”

“Global markets largely took a tumble on Monday, with worries about a possible U.S. recession. Japan’s Nikkei 225 index was was down 3%. The Shanghai composite was off almost 2%, as was Hong Kong’s Hang Seng, with the Shenzhen composite… Continue Reading…

Banking, Business, Economy

“[The President] says he will nominate Fed critic Stephen Moore for central bank appointment

“In an interview earlier in the day, Moore said he had not been contacted at that point about an appointment. “I could just say that I’ve been talking to some people about it, but I’ve not been formally offered a… Continue Reading…

Economy

“The real college crisis: Student debt drags down economy”

” The college admissions scandal may have driven the conversation about higher education this week, but away from the headlines the far bigger story is student loan debt and what it is doing to a generation of Americans… Consider a… Continue Reading…

Economy

“CNN Poll: 7 in 10 say economy in good shape…”

“Overall, 71% say the nation’s economy is in good shape, the highest share to say so since February 2001, and the best rating during Trump’s presidency by two points. A majority give the President positive reviews for his handling of… Continue Reading…

Economy

“Crude Awakening: Prices Surge At The Pump”

“Since early February, gasoline demand has been steadily increasing while stocks have been gradually decreasing causing more expensive pump prices across the country,” said Jeanette Casselano, AAA spokesperson. “The good news is most motorists are not paying more than they… Continue Reading…

Economy

“U.S. manufacturing sector slowing as economy loses steam”

” U.S. manufacturing output fell for a second straight month in February and factory activity in New York state hit nearly a two-year low this month, offering further evidence of a sharp slowdown in economic growth early in the first… Continue Reading…

Economy

“The U.S. Now Has More Millionaires Than Sweden Has People Read”

” The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million,… Continue Reading…

Economy, Real Estate

“Average U.S. mortgage size hits record-high $354,500 -MBA”

“The average size of mortgages U.S. consumers were looking to obtain to buy a home or to refinance one hit a record high of $354,500 last week, suggesting resilience in the higher end of the housing market, the Mortgage Bankers… Continue Reading…

Economy

“…Nearly 5,000 store closings already in 2019”

“”Gap, Victoria’s Secret, J.C. Penney, Tesla and Abercrombie & Fitch. What do these companies have in common? They’re all closing stores this year. Already, 4,810 store closures have been announced by retailers in 2019, according to Coresight Research. And it’s… Continue Reading…