by Jim Heath | Nov 23, 2021 | Economy, Headlines, Joe Biden
President Joe Biden is authorizing the release of 50 million barrels of oil from the Strategic Petroleum Reserve in a bid to lower soaring prices Americans are paying at the pumps. Biden today noted that the administration’s actions “will not solve the...
by Jim Heath | Nov 6, 2021 | Economy, Headlines
President Biden has spent months watching his poll numbers sink as the economy appeared to be losing altitude throughout the fall. That narrative may have changed Friday. Government data showed that the U.S. added 531,000 jobs in October — and hundreds of thousands...
by Jim Heath | Aug 6, 2021 | Economy, Headlines
The U.S. economy added 943,000 jobs in July as hiring surged and employers raised wages to lure workers. It marked the second straight month of impressive growth as the country’s recovery sped up amid widespread availability of vaccines. But the renewed strength of...
by Jim Heath | Mar 1, 2021 | Economy, Headlines, Wall Street
Wall Street kicked off March with a broad rally today that sent the Dow Jones Industrial Average more than 600 points higher and gave the S&P 500 its best day in nine months. The S&P 500 climbed 2.4%, clawing back nearly all of its losses from last week. More...
by Jim Heath | Feb 18, 2021 | Economy, Headlines
Corporate leaders are more upbeat about the U.S. economy than at any time in the past 17 years, according to a survey released today. Bloomberg: The Conference Board measure of CEO confidence, in collaboration with the Business Council, jumped to 73 in the first...
by Jim Heath | Feb 17, 2021 | cryptocurrency, Economy, Headlines
Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $52,000 for the first time. Bloomberg: The largest cryptocurrency rose as much as 7.7% in New York today to about $52,332 after a fivefold surge in the past year, according to a...
