Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

Energy

“Proposals for New US Power Plants Jump 90% on Surging Demand”

“As utilities race to keep ahead of rising electricity demand, developers have proposed a surge of new power plants across the US — and very few of them would run on fossil fuels. The generating capacity of proposed plants seeking… Continue Reading…

Business, Economy

“Residents of this state pay $987,117 in lifetime taxes. Guess which one?”

“With Tax Day approaching, here’s a sobering thought: The average American pays $524,625 in taxes in their lifetime, according to a new study… New Jersey residents pay $987,117 in lifetime taxes, the analysis found, the highest tab in the nation. Washington, D.C.,… Continue Reading…

Business

“Israel’s Cyera triples valuation to $1.4 bln in funding led by U.S. investment firm”

“April 9 (Reuters) – Israel’s data security firm Cyera has tripled its valuation to $1.4 billion in less than a year as it raised fresh capital in a series C funding led by U.S. tech-focused fund Coatue Management… The rapid… Continue Reading…

Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

Economy

“Six-Month Federal Budget Deficit: $1.1 Trillion”

“Washington continues to spend like deficits and debt don’t matter, and the politicians would rather you don’t know. For the record, the Congressional Budget Office reported Monday that the federal budget deficit for the first six months of fiscal 2024,… Continue Reading…

Economy

“Why Californians are fleeing this once-Golden State”

“…The U.S. Census Bureau reported in March that California’s population as of last July had dropped to an estimated 38,965,000. That’s down by 75,400 in a year — and 573,000 below California’s peak of 39.5 million in 2020. Entering this… Continue Reading…

Business

“George Soros Fund Buys $400 Million Stake In 227 US Radio Stations Going Into 2024 Election”

“Billionaire hedge fund manager George Soros has been the target of controversy recently after a recent move to become a controlling shareholder in the second-largest owner of radio stations in the U.S. This isn’t the first media brand Soros has… Continue Reading…

Economy

“America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the [debt] is higher than believed…”

“National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation. That is increasingly the opinion of… Continue Reading…

Precious Metals

“Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations”

“Gold prices scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 0.3% to trade at $2,240.04 per ounce. U.S. gold futures rose 0.8% to settle at $2,257.10… Continue Reading…