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...
Markets
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...
Retail Sales in May Set All-time Record High
The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7...
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...
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...
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...
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 Wants to Reopen the Economy. Will the States Follow?
If Trump’s reopening happens soon enough the economy will survive, revive, and build a...
Don’t Panic: the Fed’s Offer to Stabilize Bond Markets Is not “QE-4”
Headlines from major financial sources virtually shouted that the Federal Reserve was suddenly employing...
Fed to Hold Interest Rates Steady; Seeks Increase in Inflation
Fed Chairman Jerome Powell suffers from the delusion that smart people in high places...
Economy Adds Another 145,000 Jobs in December, Says Labor Department
December capped off a remarkable year for the U.S. economy. ...
Trump’s Tax Cut Act 2.0 Coming
Trump is certain to offer his “tax cut 2.0” proposal later on this year...