by Jim Heath | Feb 27, 2020 | Economy, Headlines, Health
U.S. stock indexes plunged dramatically yet again today, as the rapid spread of the coronavirus outside China deepens investor worries about growth and corporate earnings. The Dow Jones Industrial Average plummeted 1,190.95 points, or 4.42 percent, to 25,766.64, the...
by Jim Heath | Feb 24, 2020 | Economy, Headlines
Stocks ended sharply lower today as the number of coronavirus cases outside China surged, stoking fears of a prolonged global economic slowdown from the virus spreading. The Dow Jones Industrial Average closed down 1,031 points, or 3.55%, at 27,960. The S&P 500...
by Jim Heath | Feb 12, 2020 | Economy, Headlines
Borrowing by American households surged by $601 billion in 2019 in the biggest increase seen since the year leading up to the financial crash 12 years ago. Spending rose across a range of areas – but fears have been raised over the amount of young people struggling to...
by Jim Heath | Jan 30, 2020 | Economy, Headlines
The U.S. economy grew at a moderate 2.1% rate in the final three months of 2019, capping a year when growth slowed significantly due to a weaker global economy and trade war uncertainties. The Commerce Department reported today that the fourth-quarter increase in the...
by Jim Heath | Jan 28, 2020 | Economy, Headlines
President Trump and Congress are growing the economy on a mountain of red ink. A combination of the 2017 tax cuts and a surge in new spending has pushed the deficit wider. This year would mark the first time since 2012 that the deficit breached $1 trillion, a...
by Jim Heath | Jan 27, 2020 | Economy, Headlines
The Wuhan coronavirus is starting to infect President Trump’s beloved market rally. Trump tweeted today that U.S. officials are in “very close communication” with China and offered aid to President Xi Jinping as his nation grapples with the coronavirus....
