Economy - The New American

What Recession? Jobs, Manufacturing, Consumer Sentiment All Up in January

Three reports released on Friday were good news for everyone involved in the U.S. economy, except for forecasters who once again underestimated its...

Bob Adelmann February 1, 2019

U.S. Treasury Dept. Needs $1 Trillion to Finance the National Debt This Year

Joe Wolverton, II, J.D. January 31, 2019

The U.S. Treasury plans to "borrow" $1 trillion to finance the national debt. ...

Economy Ignores Naysayers, Continues Remarkable Run

Bob Adelmann January 30, 2019

The ADP jobs report issued Wednesday put the lie to the naysayers on Wall Street who continue to predict a slowing economy. ...

Brookings Says a Quarter of U.S. Jobs To Be Automated Soon

Bob Adelmann January 25, 2019

A new Brookings report on increased automation in the workplace should be viewed as a positive for higher standards of living for everyone...

Bankers to Take Massive Haircut in Proposed Puerto Rican Bankruptcy Settlement

Bob Adelmann January 21, 2019

Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy. ...

VW Expanding its Chattanooga Plant Again, Investing a Billion Dollars and Creating Jobs

Bob Adelmann January 16, 2019

Volkswagen will be investing a total of more that one billion dollars in its Chattanooga plant to produce electric vehicles, creating new jobs...

Bull Market Could Run for 10 More Years; Tariffs Are Helping

Bob Adelmann January 11, 2019

Investors are predicting a continuation of the present bull market, and U.S. Steel is one example of a company doing better because of...

Following Great Jobs Report, Fed Chair Says He’ll Be “Patient” Before Raising Rates Further

Bob Adelmann January 4, 2019

Fed Chair Jerome Powell said that despite a great jobs report, the Federal Reserve would not try to stall the economy to ward...

As Economy Slows, Bond Investors Say Fed Won’t Raise Rates

Bob Adelmann January 3, 2019

A month ago, bond investors were predicting that the Fed would be raising interest rates several times in 2019. Those same investors are...

What Sparked Wall Street’s Massive Turnaround Late Thursday?

Bob Adelmann December 28, 2018

The spark that ignited the late day rally in stocks on Thursday was most likely a comment about a potential meeting between Trump...

While Wall Street Wobbles, Consumers and the Economy Continue Humming

Bob Adelmann December 27, 2018

While economists and pundits want to blame the stock market’s current volatility on Trump, the shutdown, or something else, the fact is that...

Tepid Government Slowdown Hasn’t Slowed Shoppers

Bob Adelmann December 26, 2018

U.S. retailers notched one of the busiest holiday seasons in years, meeting and in some cases exceeding forecasters’ already rosy outlooks. ...

Good Food+Good Morals=Good Business: Boycotted Chick-fil-A Crows in Triumph

Selwyn Duke December 22, 2018

Despite being targeted by activists for destruction, it’s Chick-fil-A that now has the reason to crow: It’s poised to leapfrog a few major competitors...