Economy
Exodus of Residents From Tax Hell States May Intensify
High-tax states are already seeing high earners flee because of those high taxes. A provision of the Trump tax cuts limiting deductions on...
Top Forecaster Predicts Dow at 40,000 in Two Years
Market forecaster Yves Lamoureux is forecasting that the Dow will hit 40,000 within the next two years, but with a caveat: There’s another...
Read moreAngst Over Ford Cutting 7,000 Jobs Isn’t Warranted
No thanks to news outlets such as CNBC, Ford isn't in trouble. It's becoming leaner, meaner and more profitable. ...
Read moreRobotics Revolution Rolls On: Amazon Now Using Robots to Pack Shipping Boxes
In busy warehouses serving Seattle, Frankfurt, Milan, Amsterdam, and Manchester, Amazon is taking the tiring work employees were doing and giving it to...
Read moreDespite Trump’s Tariffs, Chinese Trade Official to Visit United States
Despite President Trump's promise of increased tariffs on Chinese imports, China's top trade official will visit the United States. ...
Read moreFed Fears Rising Corporate Debt, Ignores Rising Federal Debt
For the second time in six months the Federal Reserve has issued a warning about excessive corporate debt. But nothing was said about...
Read moreLabor Department: Job Growth in April Blew Away Expectations at 263,000
The BLS confirmed what the ADP reported on Wednesday: The U.S. economy continues its remarkable rebound, setting records along the way. ...
Read moreU.S. Job Growth Exceeds Estimates: 275,000 New Jobs Created in April
According to ADP and Moody’s, the economy added 275,000 new jobs in April, once again confounding those pessimistic forecasters. ...
Read moreEconomy Trips Up Forecasters Again, Grows at 3.2 Percent First Quarter
As recently as March, many were saying that the U.S. economy for all intents and purposes had stalled in the first quarter of...
Read moreLatest Jobs Report Shows Economy at Cruising Altitude and Speed
It has taken two years to return the economy to full throttle, and its beneficiaries are now settling in for the rest of...
Read moreRetail 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...
Read moreNegative Impact of USMCA on U.S. Cattle Industry Predicted
When it comes to the beef industry — and the pork industry — USMCA is just NAFTA re-branded, and NAFTA was disastrous to the U.S....
Read moreRepatriation of Overseas Profits Surged in 2018, Bodes Well for Strong 2019
Once again, economic forecasters are embarrassed. The economy is not enjoying a temporary “sugar high” from Trump’s tax reform, but is just beginning...
Read moreJumps in Durable-goods Orders & Business Investment Confound Forecasters Again
Two measures of the U.S. economy were reported on Wednesday, both of which exceeded forecasters’ expectations. ...
Read moreUnited 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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