President Donald Trump wants Jerome Powell, the chairman of the Federal Reserve, to cut the Fed Funds rate by a full percentage point Wednesday afternoon, but he probably won't cut that much — all at once, that is.
Market forecaster Yves Lamoureux is forecasting that the Dow will hit 40,000 within the next two years, but with a caveat: There’s another “event” that will occur first.
No thanks to news outlets such as CNBC, Ford isn't in trouble. It's becoming leaner, meaner and more profitable.
For the second time in six months the Federal Reserve has issued a warning about excessive corporate debt. But nothing was said about excessive government debt.
As recently as March, many were saying that the U.S. economy for all intents and purposes had stalled in the first quarter of 2019, but the U.S. economy grew at an annualized rate of 3.2 percent in the first quarter of 2019.
Retail businesses lead all sectors in job cuts; 41,201 employees have lost jobs through February — 92 percent higher than the 21,484 job cuts made through February 2018.
Thanks to fracking and an increase in pipeline capacity, United States will surpass Saudi Arabia later this year in exports of oil and other petroleum products.
A single new job in the economy has a multiplier or ripple effect. Multiplied by hundreds, thousands, and millions, it's no wonder the U.S. economy is the envy of the world.