Cart

0

Economy

“U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years”

“… Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years… …World supplies are so plentiful that futures for hard red winter wheat are down about 15%… Continue Reading…

Business, Economy

“Survey: US business hiring hits 7-year low…”

“A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey found… The hiring slowdown comes as more businesses are reporting slower growth of sales and profits… Hiring may… Continue Reading…

Economy

“Federal Income Taxes and Federal Spending Both Set Records in FY19”

“The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon. …the federal government… Continue Reading…

Banking, Economy

“Fed to Cut Three More Times as Economy Is Rolling Over: Chandler”

“Marc Chandler, chief market strategist at Bannockburn, discusses his expectation for three more interest rate cuts by the Federal Reserve and the state of the U.S. dollar. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)…” https://www.bloomberg.com/news/videos/2019-10-28/fed-to-cut-three-more-times-as-economy-is-rolling-over-chandler-video If you click the link… Continue Reading…

Economy

Wealth Inequality: “The boomer generation is becoming one of haves and have-nots”

“…“wealth inequality has grown tremendously from 1989 to 2016, to the point where the top 10% of families ranked by household wealth own 77% of the wealth ‘pie.’ The bottom half of families ranked by household wealth own only 1%… Continue Reading…

Stocks

“U.S. Stocks Rise as Earnings Roll In; Bonds Climb: Markets Wrap”

“The S&P 500 Index traded above 3,000, approaching its all-time high. Biogen Inc. surged on news it will ask U.S. drug regulators to approve an experimental Alzheimer’s therapy. The U.S. dollar fluctuated… It’s a huge week for earnings, with around one-fifth of… Continue Reading…

Economy

“Biggest US cities losing hundreds of workers every day, and even more should be fleeing”

“Among the reasons? Skyrocketing housing costs, pricey child care, the crowds and relentless traffic. Sometimes the local culture isn’t a fit or they want to be nearer to family. Unfortunately many workers would love to leave the cities behind but need to… Continue Reading…

Business, Economy

“Workers celebrate deal with GM, show union power in industry”

“Details of the four-year pact weren’t released, but GM’s latest offer to end the monthlong strike included wage increases and lump-sum payments, top-notch health insurance at little cost to workers, promises of new products for many U.S. factories and a… Continue Reading…

Economy

“[P.O.T.U.S.] Says China to Boost Farm Spending to Up to $50 Billion”

“China will at least double its spending on U.S. agriculture as part of a partial trade accord between the two countries that’s likely to be well received by crop traders when markets reopen. Under terms of the arrangement, spending will… Continue Reading…

Economy, Real Estate

“Lower mortgage rates are causing an epic housing shortage”

“Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer brought demand… Continue Reading…