Economy
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 from April through June, and private-sector employment increased by...
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 Monday, and there were a number of surprises. ...
Read moreConsumer 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:...
Read moreMany Signals Showing Strong U.S. Economic Rebound
The economic rebound from the government shutdown is surprisingly robust, which bodes well for Trump in November. ...
Read moreWho’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 is in charge: the Fed, or the U.S. Treasury?...
Read moreRetail Sales in May Set All-time Record High
The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7 percent, the largest monthly increase on record. ...
Read moreAnother 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 last week. ...
Read moreFed’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...
Read moreThe 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...
Read moreNFIB: Small Business Optimism Jumped in May
A new report shows that small business owners are itching to get back to work. ...
Read moreU.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...
Read moreGun 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 scare and now the civil unrest occurring due to...
Read moreMay’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. ...
Read moreInstitute of Supply Management Says Purchasing Managers Are Guardedly Optimistic
The Purchasing Managers Index (PMI) showed that the economy is beginning to expand again. The only questions remaining are: "Just how strong will...
Read moreEstimated Worldwide Cost of COVID-19 Shutdown in the Trillions
Economists are predicting that the worldwide cost of the COVID-19 pandemic and related government shutdowns at anywhere from $3.3 trillion up to $82...
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