The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week…
Finance
Latest News
The Fed Provides an Unlimited Money Lifeline to Wall Street; 30 Million Americans Facing Eviction Get a No-Money 4-Month Plan…
Happy New Year – here’s your eviction notice…
Huge Discrepancies Cast Doubt on the Better Than Expected Jobs Report…
The BLS says the unemployment rate fell from 10.2% to 8.4%. Other BLS data casts doubt on the number…
The Hidden Alliance Has Merged – U.S. Chamber of Commerce Merge Policy With Big Labor Unions to Support $15/Hr Minimum Wage…
Now that Wall Street’s U.S. Chamber of Commerce has dropped their mask, we see decepticon Tom Donohue align with corrupt labor union leader Richard Trumka…
U.S. Debt Is Set to Exceed Size of the Economy for Year, a First Since World War II…
U.S. government debt is on track to exceed the size of the economy for the 12 months ended Sept. 30, a milestone not hit since World War II that has been brought into reach by a giant fiscal response to the coronavirus pandemic…
This Year’s Economic Destruction Due to the State’s Coronavirus Response Will Pale in Comparison to What Is Coming!…
Concerning economics in the United States today, the hierarchy begins with the top tier of self-proclaimed elites, those in central and high level banking, those in the large corporate world, those at the top of the ‘healthcare’ pyramid, and those controlling monetary and economic policy above the level of government, including the class running the large tax exempt foundations…
The Bloom is Off The Ruse – Tom Donohue and U.S. Chamber of Commerce Announce Support for Far-Left Democrats in 2020…
A fifteen year argument is finally over…. We win. Most CTH readers probably don’t even remember the reason for the name: “The Last Refuge” upon this little corner of the internet…
U.S. New Home Sales Beat Expectations in July…
Sales of new US single-family homes increased to their highest level in more than 13-1/2 years in July as the housing market continues to show strong immunity to the COVID-19 pandemic…
By a Unanimous House Vote, Fast-Track Outsourcing American Jobs Bill Heads to the Senate…
No GOP or Democrat members of the House voted against a rushed bill, approved August 22, that would help Fortune 500 companies quickly outsource jobs to foreign workers instead of Americans…
Building Permits, Housing Starts Skyrocket in July, Crushing Forecasts…
New residential construction rebounds strongly, further indicates V-shaped recovery…
California Court System Lifts Eviction Moratorium After Lawsuit…
Under legal pressure, the rule-making arm of California’s court system, the largest in the United States, has rescinded its pandemic-related emergency order that blocked the state’s courts from hearing eviction proceedings…
IRS Reopens Window for People to Claim Missing $500 Stimulus Payments…
People have until the end of September to provide information about qualifying dependents…
What Difference Does It Make…
I’ve lately found myself saying “what difference does it make” regarding the outrages being inflicted upon myself and my fellow citizens on a daily basis…
A Mass Exodus Away from Big Cities on Both Coasts…
In all of U.S. history, we have never seen anything like “the mass exodus of 2020”. Hundreds of thousands of people are leaving the major cities on both coasts in search of a better life…
S&P 500 Rises to a Record Close, Fully Wiping Out Its Wuhan Virus Losses…
The S&P 500 rose to an all-time high on Tuesday, capping off its incredible recovery from the coronavirus-induced sell-off that knocked it off its previous record back in February…
Justice Department Settles Claim Against California-Based Staffing Company for Favoring Temporary Visa Workers Over U.S. Workers…
…This is the tenth settlement under the Civil Rights Division’s Protecting U.S. Workers Initiative, which is aimed at targeting, investigating, and taking enforcement actions against companies that discriminate against U.S. workers in favor of temporary foreign visa workers…
U.S. Second-Quarter Productivity Rises At Its Fastest Pace in 11 Years…
U.S. worker productivity increased at its fastest pace in 11 years in the second quarter as hours plunged amid the COVID-19 pandemic, leading to an acceleration in labor costs…
New Unemployment Claims Drop Below 1 Million for First Time Since March…
First-time jobless claims totaled 963,000 last week versus the Wall Street estimate of 1.1 million.
Bankruptcies and Unpaid Rents Cost Mall Landlords Hundreds of Millions in Q2…
Mall operators have put numbers to the stresses of COVID-19 on the second quarter, with the ensuing mass closures, negotiations over rent and accelerating retail bankruptcies…
U.S. Bankruptcies Are Already a10-Year High As Pandemic Takes Its Toll…
Gold and silver sold off when Russia announced that it had an effective vaccine for coronavirus…
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