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Finance

Latest News

Construction Workers

March 10, 2017 at 3:40 pm

Where The Jobs Were: Manufacturing, Construction Workers Soar…

There has been a distinct shift in the composition of job gains in the first full job report under Donald Trump: whereas in the recent past, jobs under Obama were mainly focused in low-paying, minimum-wage categories, such as retail, hospitality, education and, of course, food service and drinking places, in February there was a notable […]

AP_Workers

March 9, 2017 at 8:56 pm

31 Senators Call for More Foreign Workers to Replace Blue-Collar Americans…

Thirty-one Democratic and Republican Senators are asking the Department of Homeland Security to maximize the use of blue-collar outsourcing visas so U.S. companies can import more foreign workers instead of recruiting, training and paying unskilled U.S. workers. The bipartisan request comes three months after the shocking November vote pressured GOP leaders to slash the H-2B […]

Related

  • Trump Administration Suspends Expedited H-1B Visa Approvals for Foreign Workers…

Wilbur_Ross_Secretary_of_Commerce

March 9, 2017 at 6:15 pm

Trump’s 2017 Trade Agenda: Signs of a Sensible Direction…

Since the Trade Act of 1974, Congress has required the administration each year to submit an annual “trade policy agenda” outlining its goals for the coming year. It has long been a welcome exercise in transparency, forcing the administration to articulate for the Congress – which retains the constitutional authority over foreign trade – its […]

Related

  • 2017 Trade Policy Agenda & 2016 Annual Report of POTUS on Trade Agreements…

Commercial_Real_Estate

March 9, 2017 at 6:14 pm

The Next Domino to Fall: Commercial Real Estate…

Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can’t bail out with a few digital keystrokes. Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis–which in the present context means a big-bank […]

Sugar_Mexico_San_Francisco_Reuters_Alejandro_Acosta

March 9, 2017 at 6:14 pm

Mexico Cancels Sugar Export Permits to U.S. in Trade Dispute…

Mexico has canceled existing sugar export permits to the United States in a dispute over the pace of shipments, according to a letter seen by Reuters, in a flare-up industry sources said could temporarily disrupt supplies. The letter sent by Mexico’s sugar chamber to mills on Monday partly blamed the situation on unfilled positions at […]

trump_hard_hat

March 8, 2017 at 8:12 pm

BOOM: US Adds Nearly 300,000 Jobs In February…

Trumps first months in office saw massive employment growth with US companies adding almost 300,000 jobs in February, exceeding economist expectations by 100,000. This includes over 60,000 construction jobs, over 30,000 manufacturing jobs, and nearly 10,000 mining jobs. ADP, a human resources firm, published the report. “February proved to be an incredibly strong month for […]

Related

  • Exxon Mobil Will Invest $20B Building New Refineries…

Capitol

March 8, 2017 at 7:30 pm

Senate Rescinds Obama’s Blacklist Rule…

The Senate voted to roll back an Obama executive order that would have shut out businesses undergoing labor disputes from obtaining federal contracts. The Senate passed a resolution Monday evening to reverse the “blacklisting” rule, which would force companies to disclose any allegations of unfair labor practices when bidding for federal contracts. Previously, contractors were […]

Wilbur_Ross_Secretary_of_Commerce_2

March 8, 2017 at 1:48 pm

Secretary Ross Imposes $1.19B Fine Against Chinese Company…

Commerce Secretary Wilbur “Wolverine” Ross put the trade world on notice today when he announced a staggering $1.19 billion penalty on Chinese company ZTE for violating U.S. sanctions and selling electronics to Iran and North Korea. China’s ZTE has agreed to pay the United States the fine. Remember, in China all private businesses are politically […]

Central_Bank_Net_Gold_Purchases_2003-2015

March 6, 2017 at 7:30 pm

REPORT: Why Central Banks Were Forced To Rig The Gold Market…

According to newly uncovered information in the gold market, it provides additional evidence of why the Fed, Central Banks and the IMF were forced to RIG the gold market. Not only was the dropping of the Gold-Dollar peg going to release a great deal of pressure on the manipulated gold price, but forecasts of a […]

Financial_Fraud_iStock

March 6, 2017 at 6:17 pm

Global FBI Sting Arrests 20 in Israel of Fraud, Extortion, Money Laundering…

Suspects allegedly impersonated top executives of firms in US, France, Poland and India, and tricked lower-level staff into transferring them huge sums of company money. Israel Police arrested 20 people this week in conjunction with a global FBI sting against an international crime ring that has allegedly scammed tens of millions of dollars from individuals […]

No_No_No_Obamacare

March 2, 2017 at 7:56 pm

How to Provide Universal Health Care Using This One Easy Trick by Ann Coulter…

The first sentence of Congress’ Obamacare repeal should read: “There shall be a free market in health insurance.” Right there, I’ve solved the health insurance crisis for 90 percent of Americans. Unfortunately, no one can imagine what a free market in health care looks like because we haven’t had one for nearly a century…

Federal_Reserve_Donkey_Hotey

March 2, 2017 at 6:31 pm

The Fed Has Now Set the Stage for An Ides of March Moment…

Whether or not one agrees that the Federal Reserve is preparing to raise rates again at its upcoming meeting this March, one thing is certain: The Fed. has done everything shy of setting its hair-on-fire to leave little doubt that they are seriously considering it. As of this past Friday the consensus (or odds) for […]

Global_Debt

March 2, 2017 at 6:31 pm

The End Of A 100 Year Global Debt Super Cycle Is Way Overdue…

For more than 100 years global debt levels have been rising, and now we are potentially facing the greatest debt crisis in all of human history. Never before have we seen such a level of debt saturation all over the planet, and pretty much everyone understands that this is going to end very, very badly […]

arora-report-squeeze_0

March 2, 2017 at 6:16 pm

Arora Report: “Three-Quarters Of Today’s Market Surge Is From A Massive Short Squeeze”…

For those wondering what unleashed today’s ferocious post-Trump, post-hawkish Fed speeches rally, the reason may have nothing to do with optimism in the economy or another inflow of retail funds via ETFs, and everything to do with a buildup of bearish short positions ahead of Trump’s speech last night. According to an analysis by the […]

jumper_downtown_nyc_David_McGlynn

March 2, 2017 at 6:15 pm

Wall Street Exec Jumps to His Death…

A 47-year-old financial company executive was killed Wednesday when he jumped from a luxury apartment building on the Upper West Side, authorities said. Kevin Bell jumped from a ninth-floor kitchen window at the famed Apthorp building on West End Avenue near West 79th Street around 7:20 a.m., a source told The Post. He landed on […]

kay_jewelers

March 1, 2017 at 7:15 pm

Class-Action Lawsuit Against Kay and Jared Jewelry Company Alleges Widespread Sexual Harassment…

Sterling Jewelers, the parent company behind Jared the Galleria of Jewelry and Kay Jewelers, is facing a class-action lawsuit from hundreds of former employees who allege a widespread culture of sexual harassment that reached the upper levels of management. The Washington Post reports that about 250 former employees have made declarations alleging that women at […]

paypal-hq

March 1, 2017 at 7:15 pm

PayPal Accused of Diverting Charity Donations…

A class claims PayPal misled tens of thousands of customers about their charitable donations made on its giving platform and redirected money meant for unregistered charities to groups of its own choosing. Lead plaintiffs Friends for Health: Supporting the North Shore Health Center and Terry Kass sued PayPal Inc. and PayPal Charitable Giving Fund in […]

Aaarrrgggghhhh!_Jobs

March 1, 2017 at 7:15 pm

For Every Living-Wage Job, There Are Seven People Looking for Work…

Living-wage jobs are scarce in the United States. The People’s Action Institute (PAI), a national organization with the goal of achieving economic, racial, gender and climate justice, just released a study that reinforces the profound need for jobs that pay a wage people can live on. A PAI news release states…

screenshot_steven_mnuchin_fox_news_interview_02282017

February 28, 2017 at 7:52 pm

Treasury Secretary Mnuchin on Economic Growth, Tax Policy…

Treasury Secretary Mnuchin covers budget, budgetary priorities, regulatory reform, tax simplification, middle class tax cuts, financial reform, the federal reserve and a ton more. Well worth your time to watch…

Wendys_Kiosks_shutterstock

February 28, 2017 at 7:52 pm

Minimum Wage Massacre: Wendy’s Unleashes 1,000 Self-Serve Terminals to Counter Higher Labor Costs…

In yet another awkwardly rational response to government intervention in deciding what’s “fair”, the blowback from minimum wage demanding fast food workers has struck again. Wendy’s plans to install self-ordering kiosks in 1,000 of its stores – 16% of its locations nationwide…

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