by Jim Heath | Aug 12, 2019 | Economy, Headlines
Forget that GOP promise of a Balanced Budget Amendment. America’s deficit has soared past last year’s numbers in just 10 months, thanks to Donald Trump’s tax cuts and increased federal spending under his administration. The budget deficit hit $866.8...
by Jim Heath | Aug 5, 2019 | Economy, Headlines
The Dow Jones Industrial Average plummeted 767 points today in U.S. stocks’ biggest drop this year as President Trump’s trade war with China ratcheted up. The Dow closed at 25,717, erasing all its gains since January 2018. At its lowest point in the day,...
by Jim Heath | Jul 11, 2019 | Economy, Headlines, Wall Street
The stock market hit fresh records today, with the Dow Jones Industrial Average notching a historic first close above 27,000 amid reinforced expectations of a rate cut and strong performance by health insurance stocks. The Dow breached the 27,000 mark in early morning...
by Jim Heath | Jul 5, 2019 | Economy, Headlines
A decade after the Great Recession released its grip on the American economy, the job market shows no sign of falling into another slump. Weak hiring in May had given rise to fears that the long-running expansion was foundering in the face of trade tensions and...
by Jim Heath | Jun 28, 2019 | Economy, Headlines
Stocks today finished their best June in decades, capping a strong first half of 2019 and a big rebound from May’s market downer. The good news is tempered by the fact that investors relied on five giant companies for a third of the gains over the past quarter,...
by Jim Heath | Jun 20, 2019 | Economy, Headlines
U.S. markets notched solid gains today on signs of impending rate cuts from the Federal Reserve, with the Standard & Poor’s 500 setting a new all-time high and putting the index on track for its best June since 1955. The S&P 500 beat its own record shortly...
