U.S. Secretary of Labor Alexander Acosta today issued the following statement regarding the November 2018 Employment Situation report: “President Trump’s policies continue to fuel strong and steady job growth. Two full years since the President’s election, 4.6 million jobs have been created, including 155,000 in November. Job gains were significant in manufacturing and transportation and […]
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Dow Tanks 558 Points…
Equity investors rocked by days of volatility are saying good riddance to the week on Friday in what was another stomach-churning session. The month of December is now off to its worst start since 2008, as tracked by our partners at Dow Jones Market Data Group. The Dow Jones Industrial Average finished the final day […]
How Barack Obama & His Globalist Pals Used Millennials to Hasten the Decline of America…
It’s a debt bomb of epic proportions—nearly 1.5 trillion dollars and climbing fast which has enslaved an entire generation of Americans. Add credit card and auto loan debt and the total amount of that debt is nearly doubled. And you know who initiated this apocalyptic debt trend? None other than Barack Obama. You think it […]
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U.S. Factory Orders Tumble Most In 15 Months…
But, but, but…. ISM Manufacturing jumped?!! US Factory orders tumbled in October – dropping 2.1% MoM (worse than expected), the biggest drop since July 2017. Worse still, September’s data was downwardly revised to just +0.2%. Furthermore the final durable goods orders data dropped 4.3% MoM (much worse than the 2.4% drop expected)…
Panda -vs- Dragon: President Trump Tweets the Dynamic…
Within the dynamic of the U.S -vs- China trade confrontation, CTH noted the Wall Street (globalist) multinationals would likely go bananas. There are trillions at stake and President Trump is confronting three decades of financial influence from the corporate lobbyists. To the angst of Wall Street, POTUS Trump tweets the dynamic: “The negotiations with China […]
Trump Says He’ll Be ‘Formally Terminating NAFTA,’ Says Congress Will Have Choice Between Replacement or Nothing…
Too funny… this is what we would call a win/win. President Trump delivering remarks to the media aboard Air Force One on the flight back to the U.S. – BREAKING: Trump says he’ll be ‘formally terminating NAFTA,’ says Congress will have a choice between replacement or nothing…
An Amazon Revolt Could Be Brewing As the Tech Giant Exerts More Control Over Brands…
The next time you buy a PopSockets cellphone grip from Amazon, be forewarned: It likely won’t come with a manufacturer’s warranty — because it won’t be coming from PopSockets or one of its authorized sellers. That’s one of the trickle-down effects of a power move that Amazon recently made against PopSockets and other brands that […]
IMF Reveals That Cryptocurrency Is the New World Order End Game…
There are two kinds of globalist schemes: First, there are the schemes they spring on the public out of nowhere haphazardly in the hopes that the speed of the event along with some shock and awe will confuse the masses and make them psychologically pliable. This strategy loses effectiveness quickly, though; the longer the plan […]
Qatar Quits OPEC…
Qatar will leave the Organization of Petroleum Exporting Countries as of next month, its energy minister told media today, adding that the decision was part of a long-term strategy for growing its international presence on energy markets with a focus on gas. Qatar is the world’s largest exporter of liquefied natural gas, but it has […]
Union Leader: ‘GM won’t close plants without one hell of a fight’…
The Trump Administration can’t say they weren’t warned. Marry Barra is meeting with Trump Chief Economic Advisor Larry Kudlow on Monday after announcing that the company would lay off as many as 14,700 workers in key swing states that helped elect Trump in 2016. Barra warned the administration over the summer that auto tariffs would […]
CVS Completing $69 Billion Aetna Merger After Winning State Approvals…
CVS Health’s $69 billion acquisition of health insurer Aetna is expected to close on Wednesday after the firms received final regulatory approvals from state insurance agencies, the pharmacy chain said in a government filing on Monday. The deal — which won approval from the Department of Justice in October — is one of several expected […]
Ohio Set to Be First U.S. State to Accept Bitcoin for Taxes…
The U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) as tax payment, the Wall Street Journal (WSJ) reports today, Nov. 25. the move initially applies only to businesses, with plans to extend the offering to individual taxpayers in future. Starting this week, Ohio-based businesses will be able register […]
$20 Million Fund Set Aside for Laid-Off Toys R Us Workers…
Thousands of former Toys R Us workers will receive severance payments from a new $20 million fund. The move is considered rare among private-equity-backed companies that file for bankruptcy. Even so, the amount pledged is well below the $75 million a workers rights group says those who lost their jobs are owed. Bain Capital and […]
Government Questions Unfair Student Loan Practices…
One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s third-largest student loan servicing company. The conclusions of the 2017 audit, which until now […]
Realtors Urge Fed to Stop Hiking as Existing Home Sales Slump Most Since 2014…
Despite a modestly better than expected 1.4% MoM rise (after September’s 3.4% slump), existing home sales slumped 5.1% year-over-year – the biggest drop since 2014. Regionally, The West is suffering the most:Existing-home sales in the Northeast increased 1.5% to an annual rate of 690,000, 6.8% below a year ago. The median price in the Northeast […]
Trump Blasts Fed, Says Interest Rates Are Too High…
President Donald Trump Federal Reserve on Tuesday described the Federal Reserve as a “problem” and said its interest rate target was too high. “I’d like to see the Fed with a lower interest rate. I think the rate’s too high. I think we have much more of a Fed problem than we have a problem […]
Dow Finishes Down 550 Points as Stocks Erase 2018 Gains…
U.S. stocks closed sharply lower Tuesday, extending a pre-Thanksgiving rout that has been fueled mostly by a selling in shares of technology and internet-related companies, but has now spread to ensnare the broader market. Sharp declines in Target and Lowe’s after disappointing earnings also contributed to the tone. U.S. financial markets will be closed Thursday […]
Bloomberg Gives Johns Hopkins a Record $1.8 Billion for Student Financial Aid…
Former New York mayor Michael R. Bloomberg announced Sunday he is giving a record $1.8 billion to Johns Hopkins University to support student financial aid at his alma mater and make its admissions process “forever need-blind.” The gift, believed to be the largest private donation in modern times to higher education, is a landmark in a […]
Import Prices: Still No Signs of Tariffs Taxing Consumers…
The price of goods imported from China fell in the first month of the Trump administration’s expanded tariffs, government data showed Thursday. The Trump administration imposed tariffs on around $200 billion of goods imported from China at the end of September. Previously, the China tariffs had applied to $50 billion of goods, mostly technological imports. […]
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Oil Slips As Russia Mulls Production Cuts…
Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December, Energy Minister Alexander Novak said on Monday. We discussed it and we will continue to discuss it, Russian news agency Prime quoted Novak as telling reporters […]
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