Retail Chains Closing More Stores as Sales Shift to E-commerce
Retail businesses lead all sectors in job cuts; 41,201 employees have lost jobs through February — 92 percent higher than the 21,484 job...
Markets
United States Soon to Pass Saudi Arabia in Oil Exports
Thanks to fracking and an increase in pipeline capacity, United States will surpass Saudi Arabia later this year in exports of oil and...
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U.S. Economy Adds New Jobs for 101 Straight Months
A single new job in the economy has a multiplier or ripple effect. Multiplied by hundreds, thousands, and millions, it's no wonder the...
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Consumer Confidence Up, Food Stamp Use Down in Trump Economy
Consumer sentiment exceeds expectations, and food stamp use is down in the Trump economy. ...
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Economy Ignores Naysayers, Continues Remarkable Run
The ADP jobs report issued Wednesday put the lie to the naysayers on Wall Street who continue to predict a slowing economy. ...
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Brookings Says a Quarter of U.S. Jobs To Be Automated Soon
A new Brookings report on increased automation in the workplace should be viewed as a positive for higher standards of living for everyone...
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VW Expanding its Chattanooga Plant Again, Investing a Billion Dollars and Creating Jobs
Volkswagen will be investing a total of more that one billion dollars in its Chattanooga plant to produce electric vehicles, creating new jobs...
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Bull Market Could Run for 10 More Years; Tariffs Are Helping
Investors are predicting a continuation of the present bull market, and U.S. Steel is one example of a company doing better because of...
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Following Great Jobs Report, Fed Chair Says He’ll Be “Patient” Before Raising Rates Further
Fed Chair Jerome Powell said that despite a great jobs report, the Federal Reserve would not try to stall the economy to ward...
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As Economy Slows, Bond Investors Say Fed Won’t Raise Rates
A month ago, bond investors were predicting that the Fed would be raising interest rates several times in 2019. Those same investors are...
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What Sparked Wall Street’s Massive Turnaround Late Thursday?
The spark that ignited the late day rally in stocks on Thursday was most likely a comment about a potential meeting between Trump...
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While Wall Street Wobbles, Consumers and the Economy Continue Humming
While economists and pundits want to blame the stock market’s current volatility on Trump, the shutdown, or something else, the fact is that...
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Tepid Government Slowdown Hasn’t Slowed Shoppers
U.S. retailers notched one of the busiest holiday seasons in years, meeting and in some cases exceeding forecasters’ already rosy outlooks. ...
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U.S. Economy Remains Strong Despite Wall Street Nervousness
At bottom, Wall Street is a gigantic gambling casino where investors and money managers predict the future and then place their bets. Those...
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Stocks Lose Four Percent Last Week, Thanks to the Fed
Wall Street’s selloff last week has been blamed on everything but the real thing. The major indices lost more than four percent, with...
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