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Business

“TikTok, ByteDance sue to block US law seeking sale or ban of app”

“TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or… Continue Reading…

Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

Economy

“US job openings fall to 8.5 million in March, the lowest level in more than 3 years”

” U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates… Monthly job openings… Continue Reading…

Banking, Economy, Stocks

“U.S. Money Supply Is Doing Something So Rare That It Hasn’t Happened Since the Great Depression — and a Big Move in Stocks May Follow”

“…What’s interesting about the M2 money supply garnering attention is that it’s a metric most economists tend to ignore. It’s been steadily rising for so many decades that it’s almost taken for granted that the money supply will expand as… Continue Reading…

Economy

“Why the job market has stayed so hot for so long”

“When you use a pressure cooker, it can take an annoyingly long time after your dish is done cooking for the pot to cool to the point where you can safely open the lid. And so it is with the U.S. job… Continue Reading…

Stocks

“Philips shares rocket 29% as firm settles U.S. respiratory device case”

“Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions of… Continue Reading…

Economy, Energy

“U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes”

“U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global… Continue Reading…

Real Estate

“[Florida] Property prices boomed here during Covid – they are now being slashed as soaring numbers of homes sit unsold”

“Its warm weather, low taxes and relatively affordable housing market attracted a surge of Americans to Florida during the Covid-19 pandemic, pushing up home values in the state. But as prices stagnate and supply soars in some areas, it seems that Florida’s housing bubble… Continue Reading…

Economy

“Why so many men in the US have stopped working”

“ America’s men are working at much lower rates than they used to — and the reasons are a mixed bag of positive and negative economic news…” https://www.msn.com/en-us/money/careersandeducation/ar-AA1nO1oI The two main reasons why less men are working are not covered in this… Continue Reading…