Wholesale Prices Drop in June; Economists Confounded
The Bureau of Labor Statistics announced on Friday that wholesale prices dropped by 0.2 percent in June. Economists were expecting an increase of...
Economy
Jobless Claims Broach 50M Since March 1. Almost 20M Jobless.
Unemployment claims filed during the week ending June 27 dipped 3.7 percent from the...
Jobs Report Shows Nearly Five Million Jobs Added in June
The U.S. recovery is well underway, and ahead of most economists' expectations. ...
Dow and Employment Jump in May and June, Confirming Economy’s Rebound
Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent...
Surprises in Just-released WalletHub’s Best- and Worst-run Cities in America
The consumer financial website WalletHub released its “Best- & Worst-run Cities in America” on...
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...
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...