Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages

Moderate Inflation Ahead, Tight Job Market Boosts Wages $DIA, $SPY, $QQQ, $VXX  The United States Steel Corporation (NYSE:X) announced plans to reopen an Illinois factory following President Donald Trump’s decision to impose a new tariff on imported steel. A tight US labor market was helping lift wages across most of the nation through late February […]

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years

US Jobless Claims Drop to Lowest in Nearly 50 Years $DIA, $SPY, $QQQ, $VXX US filings for unemployment benefits fell last week to the lowest level in almost five decades, indicating the job market remains tight, Labor Department figures showed Thursday. Highlights of Jobless Claims (Week ended 24 February) Jobless claims decreased by 10-k to […]

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows

Americans Filing for Unemployment Benefits at 45 yr Lows The number of Americans filing for unemployment benefits unexpectedly fell last week, dropping to its lowest level in almost 45 years as the labor market tightened further, driving expectations of faster wage growth this year. Initial claims for state unemployment benefits decreased 9,000 to a seasonally […]

US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize $DIA, $SPY, $QQQ, $VXX US home-building declined in December on a slowdown in the construction of single-family housing units following 2 months of strong gainers. Housing starts decreased 8.2%to a seasonally adjusted annual rate of 1.192-M units, the Commerce Department said on Thursday. November’s sales pace was revised up to […]

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years

US Jobless Claims Dive Lowest Weekly in 45 Years The number of Americans filing for unemployment benefits fell more than expected last week to the lowest level in 45 years. Initial claims for state unemployment benefits dropped 41,000 to a seasonally adjusted 220,000 for the week ended 13 January, the lowest mark since February 1973, the […]

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election $DIA, $SPY, $QQQ, $VXX DJIA Up almost 8,000 points since Donald Trump’s Election! US Energy Sector a Key Driver for the Economy US stocks spiked Wednesday and the DJIA closed above 26,000 for the 1st time as investors’ expectations for higher earnings lifted stocks across all […]

Top-Ranked US Economist Sees Strong Growth in 2018

Top-Ranked US Economist Sees Strong Growth in 2018

 US Economist Sees Strong Growth in 2018 $DIA, $SPY, $QQQ, $VXX A top-ranked US economist last year predicted that real US economic growth would reach 3% in Y 2017. “With a tax cut package finally passed by Congress, growth is likely to remain robust as we head into 2018,” Steven Stanley said. “The economy’s 2% […]

France’s Macron Takes Europe’s Center Stage, Germany’s Merkel Stumbles

France’s Macron Takes Europe’s Center Stage, Germany’s Merkel Stumbles

France’s Macron Takes Europe’s Center Stage, Germany’s Merkel Stumbles He has a big head and bigger ideas French President Emmanuel Macron, 39 anni, looks like the best hope to salvage a unified Europe, as Britain drifts away and Germany get mired. The role of Knight in shining armor is one Macron relishes, whether he’s standing […]

Ronald Reagan to be Inducted in US Labor Hall of Honor

Ronald Reagan to be Inducted in US Labor Hall of Honor

Ronald Reagan to be Inducted in US Labor Hall of Honor Former President Ronald Reagan, once the leader of Hollywood’s Screen Actor’s Guild (SAG) will be inducted into the US Labor Department’s Labor Hall of Honor. US Labor Secretary Alexander Acosta made the announcement Thursday at the Ronald Reagan Presidential Library & Museum in Simi […]

President Donald Trump Is Boosting US Economy

President Donald Trump Is Boosting US Economy

President Donald Trump Is Boosting US Economy President Donald Trump’s 1st pick for US Secretary of Labor, Anthony Puzder, said The Trump Administration is having many positive effects on the nation’s economy. The most important indicator is the rise in household income, which gained more in the 1st Q of The Trump Presidency than during […]

US Pending Home Sales Fell for 2nd Month Running

US Pending Home Sales Fell for 2nd Month Running

US Pending Home Sales Fell for 2nd Month Running $DIA, $SPY, $QQQ, $VXX Contracts to buy previously owned US homes fell for a 2nd month running in April one a supply squeeze, but the housing market recovery remains supported by a strong labor market. The National Association of Realtors(NAR) said Wednesday its Pending Home Sales […]

US Economy Brightens on President Trump’s Policies

US Economy Brightens on President Trump’s Policies

US Economy Brightens on President Trump’s Policies $DIA, $SPY, $QQQ, $VXX Economic outlook in US brightens, Unemployment Rolls at 28.5-year Lows, Trump Administration’s policies driving the economy. New applications for US jobless benefits fell last week and the number of Americans on unemployment rolls tumbled to a 28.5 year lows, pointing to shrinking labor market […]

US Bureau of Labor Statistics: 16,069,000 Families Not Working

US Bureau of Labor Statistics: 16,069,000 Families Not Working

US Bureau of Labor Statistics: 16,069,000 Families Not Working Nearly 20% of American families did not have anyone working last year, according to newly released government data. The Bureau of Labor Statistics reported 16,069,000 families were not working, up from the Y 2015 figure of 16,050,000. That amounts to 19.6% of families.  There were more than […]

Obama’s Jobs Legacy: Near-Record 94.6-M Americans Not in Workforce

Obama’s Jobs Legacy: Near-Record 94.6-M Americans Not in Workforce

Obama’s Jobs Legacy: Near-Record 94.6-M Americans Not in Workforce A near record high of 94,609,000 Americans are not in the labor force, 425,000 more than last month’s 94,184,000, and the 2nd highest number on record. When US President Barack Hussein Obama took office in January 2009, 80,529,000 Americans were not in the labor force, and […]

Business Spending Dives, Durable Goods Orders Fall, Recession Looms

Business Spending Dives, Durable Goods Orders Fall, Recession Looms

Business Spending Dives, Durable Goods Orders Fall, Recession Looms $DIA, $SPY, $QQQ, $VXX Orders for big-ticket manufactured goods dipped in September as a Key category that tracks business investment fell by the largest amount in 7 months. Orders for durable goods edged down 0.1% in September after gains of 0.3% in August and 3.6% in […]

The Week Ahead on Wall Street

The Week Ahead on Wall Street

The Week Ahead on Wall Street $JPM, $C, $WFC, $PNC, $AA The US stock exchanges were open Monday, Columbus Day, even though it is a federal holiday. The 1st official week of Q-3 earnings features 4 banks: DJIA component JPMorgan Chase & Co. (NYSE:JPM) and S&P 500 members Citigoup (NYSE:C), PNC Financial Services Group (NYSE:PNC) and Wells […]

The S&P 500 Closed Out its 3rd Straight Quarter in the Green

The S&P 500 Closed Out its 3rd Straight Quarter in the Green

The S&P 500 Closed Out its 3rd Straight Quarter in the Green $DIA, $SPY, $QQQ, $VXX, $HSY, $MDLZ Wall Street marked a 3rd straight day of gainers Thursday as the BOE raised the prospect of a Summer stimulus and consumer staples shares rose on news of Mondelez International’s (NASDAQ:MDLZ) $23-B bid for Hershey (NYSE:HSY). The […]

US Jobless Claims Rise, Unemployment Benefits Increased in June

US Jobless Claims Rise, Unemployment Benefits Increased in June

US Jobless Claims Rise, Unemployment Benefits Increased in June $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labor market. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 268,000 for the week ended 25 June, the […]

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy

US Consumer Spending, Residential Investment Driving a Weak Economy $DIA, $SPY, $QQQ, $VXX The demand side of the US GDP accounts shows that the nations economic engine has 6 cylinders, they are: consumer spending residential investment capital spending inventories net exports government spending. In recent Quarters, it seems like most of the US economy’s power […]