April 2, 2019
“Surging labor costs and slower revenue growth likely will lead to a drop this year in corporate profits in the U.S. and other developed economies, according to a report out Monday from The Conference Board. Industries that could see their… Continue Reading…
March 30, 2019
” 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…
March 30, 2019
“…almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier. Of those… Continue Reading…
March 27, 2019
“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…
March 27, 2019
“U.S. auto sales are falling as vehicle prices climb, indicating that buyers at the lower end are getting squeezed out of the new car market, according to a new industry forecast. First-quarter auto sales are expected to drop by nearly… Continue Reading…
March 25, 2019
“The U.S. posted its largest monthly budget deficit on record in February with a gap of $234 billion, breaking the previous $231.7 billion mark set in February 2012, Bloomberg reports. The big picture: According to Treasury data released Friday, the… Continue Reading…
March 25, 2019
“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…
March 25, 2019
“Federal Reserve Chairman Jerome Powell‘s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term government fixed income yields are now ahead of… Continue Reading…
March 22, 2019
“The United States is the third largest landmass of any country in the world. Indeed, Americans have options when deciding where to live. .. According to recent Census data, nearly a fifth of all states reported a population decline in… Continue Reading…
March 22, 2019
“…Nearly 11 million taxpayers will be affected by the new cap on so-called SALT deductions on the taxes they file this year, and could lose out on a cumulative $323 billion, according to a February estimate from the U.S. Treasury… Continue Reading…
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