Fed’s Gloomy Outlook Sinks Stocks
Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week was likely a one-off blip is pushing stock prices lower on Wall Street on Thursday....
About: Bob Adelmann
Posts by Bob Adelmann
Inflation in Venezuela at 400 Percent for the Year
Venezuela’s National Assembly reported on Tuesday that prices have risen more than 400 percent so far this year. ...
Trump to Resume Rallies; Media Suddenly Concerned About Social Distancing Again
The media have pivoted away from covering the George Floyd protests without a murmur of concern about the lack of “social distancing,” and are now criticizing the president’s decision...
The Bear Market in Stocks Is Over, Says Wall Street Guru
Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as the bull market continues. ...
NFIB: Small Business Optimism Jumped in May
A new report shows that small business owners are itching to get back to work. ...
U.S. Economy Peaked in February; Republican Consumers to Drive the Recovery
Predictions as to how long the recovery will last and when the economy will get back to full steam are a dime a dozen, and most of them aren’t...
New York Times Opinion Editor Fired for Publishing Article by a Republican Senator
New York Times opinion editor James Bennet was fired for publishing an opinion piece by Republican Senator Tom Cotton. ...
Jobs Numbers Boosting Trump’s Reelection Chances
The extraordinary jobs report released by the Bureau of Labor Statistics on Friday will no doubt help President Trump’s reelection chances. ...
Biden Offends Police, Weakening His Support From Police Union Chiefs
Joe Biden continues to offend constituencies he'll need to win the presidency. ...
May’s Jobs Report Shows Strong Economic Recovery Underway
The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment. ...
NY Times Staff Outraged Over Senator Tom Cotton Op-ed Supporting Trump
New York Times staff members were outraged after the paper published an op-ed by Senator Tom Cotton in support of the president’s handling of the riots. ...
Stock Market Rallies Despite Negative News
The small-cap Nasdaq 100 Index has rallied more than 43 percent since its low set on March 23. The S&P 500 Index has posted its largest 50-day rally in...
Internet Searches for “Prayer” Jumped to Highest Level Ever Recorded During COVID Crisis
The coronavirus crisis has driven an unprecedented interest in prayer, and studies show that prayer does have positive effects on people’s lives. ...
Latest Poll: Trump Voters Far More Enthusiastic Than Biden’s
Trump’s supporters are vastly more excited about their candidate than are Biden’s, as many of Biden’s supporters are only supporting him because they think he is the lesser of...
Judge Sullivan Responds to Appellate Court, Will Continue Case Against Flynn
Judge Emmet Sullivan’s high-powered lawyer, Beth Wilkinson, wrote to an appellate court that there is no requirement to dismiss the case against Flynn. ...