Economics And Finance
As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t An Option (#GotBitcoin?)
Business owners struggling to find alternatives to Chinese imports urge Trump administration to drop tariff plans. As China Tariffs Loom, Some U.S. Companies Say Buying American Isn’t An Option (#GotBitcoin?) Stephen Pelkey said he has scoured the globe to find fireworks that match the quality of what he buys from…
Insider Trading At Goldman Sachs While Merrill Lynch Misleads Investors (#GotBitcoin?)
Sec Issues $3 Million Award To Two Former Merrill Lynch Whistleblowers. Insider Trading At Goldman Sachs While Merrill Lynch Misleads Investors (#GotBitcoin?) Former Merrill Lynch advisers alleged the company made misleading statements related to a struggling investment product. Two former Merrill Lynch financial advisers who alleged the company made misleading…
Trumponomics Delivers The Widest Retirement Savings Gap of Developed Nations (#GotBitcoin?)
Many Americans haven’t saved as much money as they need for retirement—and the gap is expected to widen dramatically in the next 30 years. Trumponomics Delivers The Widest Retirement Savings Gap of Developed Nations (#GotBitcoin?) The retirement savings gap—between what people have and should have—was $28 trillion in the U.S.…
Washington Has Learned To Love Debt And Deficits (#GotBitcoin?)
Political support for taming federal debt has melted away, and the U.S. is testing just how much it can borrow. Washington Has Learned To Love Debt And Deficits (#GotBitcoin?) William Hoagland has engaged in nearly every Washington budget-deficit battle for four decades. A longtime analyst and onetime senior Republican congressional…
High Inflation Forces One-Third Of Americans To Get A Side Gig To Pay Expenses (#GotBitcoin)
Side hustlers make $1,122 per month on average from their part-time work — up from $686 last year, according to Bankrate. High Inflation Forces One-Third Of Americans To Get A Side Gig To Pay Expenses (#GotBitcoin) Jobs are more plentiful, the overall economy has been on an upswing, and yet…
Trumponomics Causes Three-Year Low In Corporate Cash Piles (#GotBitcoin?)
New tax law spurred more companies to increase spending, repatriate foreign cash holdings. Trumponomics Causes Three-Year Low In Corporate Cash Piles (#GotBitcoin?) U.S. corporate balance sheets are continuing to feel the impact of the 2017 U.S. tax overhaul, as companies pivot their capital allocation strategies in response to the new…
Recession Set To Materialize In Approximately In (9) Months (#GotBitcoin?)
Bond Yields Extend Drop Toward 2%. Recession Set To Materialize In Approximately In (9) Months (#GotBitcoin?) Muted inflation, slowing job growth put multiple Fed rate cuts on investors’ minds. The yield on benchmark U.S. government bonds hit new 2019 lows near 2% on Friday, a sign investors believe a slowing…
JPMorgan’s New App Service For Young People Fails (#GotBitcoin?)
Finn was hybrid, offering digital banking, as well as some branch access. JPMorgan’s New App Service For Young People Fails (#GotBitcoin?) JPMorgan Chase & Co. is killing an experiment to attract younger customers to a new digital-banking app a year after making it available nationwide. The nation’s largest bank began…
Developers Have A Big Problem: Too Many New Mega-Mansions (#GotBitcoin?)
Builders and brokers are throwing blowout bashes and testing an array of marketing stunts amid the area’s spec home bubble. Developers Have A Big Problem: Too Many New Mega-Mansions (#GotBitcoin?) Heavy duty vehicles line both sides of many of the winding two-way streets in the Hollywood Hills, making them treacherous…
Private Sector Jobs Off By 146K While Oil Industry Enters Bear Market (#GotBitcoin?)
Fears about an international slowdown, coupled with swelling supplies, send crude on a 6-week skid. Private Sector Jobs Off By 146K While Oil Industry Enters Bear Market (#GotBitcoin?) Latest Fall The recent drop in U.S. crude-oil has the commodity on track for its third bear market in as many years.…
After Record-Long Expansion, Here’s What Could Knock the Economy Off Course (#GotBitcoin?)
Experts see the U.S. continuing to grow, but looming risks include trade wars, interest-rate mistakes and the ballooning budget deficit. After Record-Long Expansion, Here’s What Could Knock the Economy Off Course (#GotBitcoin?) Economies aren’t like cars. They don’t just wear down and peter out after running for several years. Something…
Plunging Yields Expose Sorry State of US And European Banks (#GotBitcoin?)
After a broad selloff last week, European bank stocks have given up their gains for the year, with valuations of some major lenders at multiyear lows. Plunging Yields Expose Sorry State of US And European Banks (#GotBitcoin?) The global downdraft in bond yields and rising trade tensions are falling squarely…