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Economy

“Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears”

“Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones… Continue Reading…

Banking, Economy

“What Will Happen If The U.S. Defaults On The National Debt”

“EDITOR’S NOTE: It’s a good thing that in most cases, there’s no legal obligation for children to pay their parents’ debts. Unless we’re dealing with an estate, individual debts typically pass with the debtor. But imagine for a moment that this… Continue Reading…

Real Estate

“The 10 worst US cities for first-time homebuyers”

“…Here are the 10 worst metro areas for first-time homebuyers, according to Bankrate:  Los Angeles- Long Beach- Anaheim Las Vegas- Henderson- Paradise  Seattle- Tacoma- Bellevue Riverside- San Bernardino- Ontario, California   San Jose- Sunnyvale- Santa Clara, California   Denver- Aurora- Lakewood Houston-… Continue Reading…

Economy, Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Banking, Economy

“Powell Facing Choice Between Elevated US Inflation and Recession”

“Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices… An increasing number of economists… Continue Reading…

Economy

“US Trade Deficit Narrows Most on Record on Muted China Imports”

“The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for… Continue Reading…

Economy

“Economic Pessimism Growing in U.S.”

“Gallup’s Economic Confidence Index measured -45 in May, down from -39 in each of the previous two months. It is the lowest reading in Gallup’s trend during the coronavirus pandemic, and likely the lowest confidence has been since the tail… Continue Reading…

Economy

“Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says”

“World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday…FAO said its vegetable oils index rose 8.5% month-on-month… Continue Reading…

Economy, Uncategorized

Worker Shortage Hits Military “Army ups bonuses for recruits to $50K…”

“The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs… Continue Reading…