Consumer Spending Rebounds a Record Eight Percent in May
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) reported on Friday that consumer spending jumped to a new record in May:...
Economy
Many Signals Showing Strong U.S. Economic Rebound
The economic rebound from the government shutdown is surprisingly robust, which bodes well for...
Who’s Running the Show: the Fed or the U.S. Treasury?
If the Fed needs the help of the Treasury to accomplish its purposes, who...
Retail Sales in May Set All-time Record High
The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7...
Another 1.5M File for Unemployment. 45M Since March 1. Economy in Recession
The economy is now in a recession, the National Bureau of Economic Research announced...
Fed’s Gloomy Outlook Sinks Stocks
Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week...
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...
NFIB: Small Business Optimism Jumped in May
A new report shows that small business owners are itching to get back to...
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...
Gun and Ammo Sales Spike Amid Coronavirus Fears and Civil Unrest
Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19...
May’s Jobs Report Shows Strong Economic Recovery Underway
The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting...
Institute of Supply Management Says Purchasing Managers Are Guardedly Optimistic
The Purchasing Managers Index (PMI) showed that the economy is beginning to expand again....
Estimated Worldwide Cost of COVID-19 Shutdown in the Trillions
Economists are predicting that the worldwide cost of the COVID-19 pandemic and related government...
Trio of Reports for April Show Economy Might Be Turning Around
Three reports released on Friday give a glimmer of hope that the worst may...
ADP Reports 20 Million Lost Their Jobs in April
According to national payroll processor ADP, the U.S. economy lost more than 20 million...
Pending Home Sales Dropped 20 Percent in March; Realtors Are Coping
Given sufficient motivation, it's remarkable what realtors are able to accomplish, even during the...
Trump Announces Cautious Reopening of U.S. Economy
On Thursday, President Trump announced his “Opening up America Again” plan to reopen the...
More Than 5M File for Unemployment; 22M Since March 1. Professors: Jobless Rate 20 Percent
More than five million Americans filed for unemployment last week, for a total of...
One in 10 Americans Out of Work; That Number Likely to Grow
The one in 10 Americans filing for unemployment insurance are sure to be joined...
Polls Show Business, Consumer Sentiment Suffering Under Coronavirus Shutdown
Polls are consistent: Consumer and business sentiment is taking a dreadful hit thanks to...