by Jim Heath | May 13, 2019 | Economy, Headlines
The intensifying trade squabble between President Trump and China is making for uniquely bad May trading for U.S. stocks, which continue to tumble after the S&P 500 suffered its worst week of 2019. The Dow Jones Industrial Average ended down by 618 points, or 2.38...
by Jim Heath | May 12, 2019 | Economy, Headlines
National Economic Council Director Larry Kudlow acknowledged today that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting President Trump’s repeated claim that the Chinese foot the bill. In an appearance on “Fox News...
by Jim Heath | May 10, 2019 | Economy, Headlines
The counties in the Midwest hit hardest by previous waves of job-market turbulence will again bear the brunt of the next round of automation-fueled disruptions. As middle- and low-wage jobs in the American heartland disintegrate further, the national anger and...
by Jim Heath | Apr 26, 2019 | Economy, Headlines
The U.S. economy is defying dire predictions of a slowdown this year with growth strengthening, wages rising, unemployment falling and markets rocking to new highs. It should be an incumbent president’s dream and a nightmare for those trying to replace him. But Donald...
by Jim Heath | Apr 12, 2019 | Economy, Headlines
Taxpayers are scrambling to make last-minute payments due to the Internal Revenue Service in just three days, but many of the country’s largest publicly-held corporations are doing better: They’ve reported they owe absolutely nothing on the billions of...
by Jim Heath | Apr 5, 2019 | Economy, Headlines
Employers added a solid 196,000 new jobs to the US economy in March — slightly more than economists expected, according to the latest jobs report from the Bureau of Labor Statistics. But wage growth slowed back to a crawl. Despite the tightening labor market, workers...
