by Jim Heath | Nov 3, 2019 | Economy, Headlines
Anyone with jitters about the US economy got an unexpected surprise this weekend. Employers added 128,000 jobs in October, the Bureau of Labor Statistics said in its monthly jobs report. Meanwhile, the unemployment rate rose slightly to 3.6%, but it was for a good...
by Jim Heath | Oct 25, 2019 | Economy, Headlines
Donald Trump once proclaimed himself the “king of debt,” and that may explain why his administration reported a river of red ink today. The federal deficit for the 2019 budget year surged 26% from 2018 to $984.4 billion — its highest point in seven years....
by Jim Heath | Aug 30, 2019 | Economy, Headlines, Trump
President Trump went after the Federal Reserve again today and pushed for further rate cuts to goose the stock market – saying the central bank doesn’t ‘have a clue!’ The attacks, which have become familiar over the past several months, come just...
by Jim Heath | Aug 20, 2019 | Economy, Headlines
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan. In a Worker Adjustment and Retraining Notification filed on Aug. 5, the...
by Jim Heath | Aug 14, 2019 | Economy, Headlines
Stocks sank today after the bond market threw up one of its last remaining warning flags on the economy. The yield on the 10-year Treasury briefly dropped below the two-year Treasury’s yield this morning, the first time those yields have flipped since 2007....
by Jim Heath | Aug 13, 2019 | Economy, Headlines
The Trump administration today narrowed the list of Chinese products it plans to impose new tariffs on as of Sept. 1, delaying levies on cellphones, laptop computers, toys and other consumer goods until after stores stock up for the back-to-school and holiday shopping...
