A MESSAGE TO THE CONGRESS OF THE UNITED STATES: The American people elected me to fight for their priorities in Washington, D.C. and deliver on my promise to protect our Nation. I fully intend to keep that promise. One of the most important ways the Federal Government sets priorities is through the Budget of the […]
Finance
Latest News
Home Builder Confidence Soared to Highest Level in 12 Years…
The nation’s home builders couldn’t be happier with President Trump’s first move to roll back strict environmental rules. A monthly index of builder sentiment jumped six points to the highest level in 12 years. The National Association of Home Builders/Wells Fargo Housing Market index hit 71 in March, a sizable jump from 58 in March […]
“This Is Not The Reaction The Fed Wanted”: Goldman Warns Yellen Has Lost Control Of The Market…
With stocks soaring briskly around the globe following Yellen’s “dovish” hike, and futures set for a sharply higher open with the Nasdaq approaching 6,000, something surprising caught our attention: in a note by Goldman’s Jan Hatzius, the chief economist warns that the market is overinterpreting the Fed’s statement, and Yellen’s presser, and cautions that it […]
Goldman Sachs: Almost One Million H-1B Foreign Workers Hold University-Level Jobs Here…
Goldman’s February estimate of the huge H-1B population also ignores multiple other visa programs which invite foreign graduates to work in the United States. These other temporary work visas are used to employ an additional 470,000 foreign college graduates in the United States, according to a study released on March 7 by the left-of-center Economic […]
Preet Bharara Explains Why He Let Wall Street Bank Executives Avoid Prison…
Recently dismissed U.S. Attorney for the Southern District of New York, Preet Bharara, is suddenly being celebrated as an aggressive warrior in the fight against Wall Street corruption. Really? You could’ve fooled me. Perhaps I was in a coma when a string of big bank executives were arrested and sent to prison. No, what actually […]
Until the Banking System Is Reformed, There Will Be No Sustainable Recovery…
The Fed did what was entirely expected today, and did it with a pedestrian view towards the future increases. Slow and steady. And so the markets were ‘surprised’, the dollar dumped hard, stocks rallied, and gold and silver got some legs higher. Today was more a ‘technical event’ than anything else. In other words, it […]
Janet Yellen Explains Why She Hiked In A 0.9% GDP Quarter…
It appears that, the worse the economy was doing, the higher the odds of a rate hike. Putting the Federal Reserve’s third rate hike in 11 years into context, if the Atlanta Fed’s forecast is accurate, 0.9% GDP would mark the weakest quarter since 1980 in which rates were raised (according to Bloomberg data)…
Related
Stronger Economic Growth? Over My Dead Body, Says Janet Yellen…
The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why? Here’s what’s going on: According to the Atlanta Fed the US economy is expected to grow at a respectable 2.8 percent for the first quarter of 2017 That’s not bad considering that, for the entire year […]
Trump’s Infrastructure Boondoggle…
Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy. It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not […]
What Went Wrong in Wall Street Reform: Obama Versus FDR…
Following the Wall Street crash of 1929, thousands of banks failed in the United States. More than 3,000 banks went under in 1931 followed by more than 1400 the following year. There was no Federal insurance on bank deposits in those days so both depositors and shareholders were wiped out or received pennies on the […]
Gold & Silver Manipulation: The Biggest Financial Crime In History…
As this immensely profitable fraud has been perpetrated, the MFM have bombarded the populace with a propaganda campaign that smears and mis-characterizes gold. Rising precious metals prices are always presented as being ominous, negative and inimical to the people, while declining prices are consistently placed in a favorable light. This propaganda has been carefully crafted […]
H-1B Visas Cost Americans Jobs and Suppress Wages, Economists Find…
The H-1B visa program costs American workers jobs and suppresses their wages, while substantially increasing profit margins for tech firms, economists conclude in a study published in February. If tech companies were unable to import temporary foreign workers, employment in the tech industry for American workers would have been up to 10.8 percent higher in […]
Related
Iceland Declares 2008 Financial Crisis Finally Over…
The Iceland Ministry of Finance and Economic Affairs has announced that it will lift capital controls on individuals, firms, and pension funds that were imposed following the 2008 global financial crisis from 14 March. It also said that overseas krona holders will be allowed to resume transactions with the Central Bank under certain conditions over […]
Spicer: Trump still wants Glass-Steagall Back
Sean Spicer said during today’s White House press briefing that President Trump remains committed to restoring Glass-Steagall, which effectively prohibits commercial banks from engaging in investment banking. The rule originally became law in 1933, but most of it was rescinded in 1999. The Republican Party platform last summer called for establishing a more modern version…
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 […]
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’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
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 […]
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 […]
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
- « Previous Page
- 1
- …
- 141
- 142
- 143
- 144
- 145
- …
- 161
- Next Page »