Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy.
AT&T and the other major telcos have committed to stop selling customers’ location data after an investigation reveals the data ends up available on the black market.
Volkswagen will be investing a total of more that one billion dollars in its Chattanooga plant to produce electric vehicles, creating new jobs for American workers.
The Republican-controlled House of Representatives oversaw a nearly $8 trillion increase in the national debt.
Investors are predicting a continuation of the present bull market, and U.S. Steel is one example of a company doing better because of Trump’s tariffs.
Fed Chair Jerome Powell said that despite a great jobs report, the Federal Reserve would not try to stall the economy to ward off inflation, but his actions speak louder than his words.
A month ago, bond investors were predicting that the Fed would be raising interest rates several times in 2019. Those same investors are predicting the Fed has now done its job and won’t be raising rates in the New Year.
The spark that ignited the late day rally in stocks on Thursday was most likely a comment about a potential meeting between Trump and the Fed head.
While economists and pundits want to blame the stock market’s current volatility on Trump, the shutdown, or something else, the fact is that the Fed is mostly to blame.