Oil prices jumped by 4 percent early on Tuesday after the U.S. Federal Reserve launched on Monday extensive new measures to support the economy as the coronavirus pandemic spreads. But prices slid later in the morning. At 9:34 a.m. EDT on Tuesday, WTI Crude was up 3.98 percent on the day at $24.41, and Brent […]
Oil Jumps As Fed Pledges “Unlimited” Cash to Bolster the Economy…
Fed Rate Cut to Boost Homebuyers’ Spending Power…
The Federal Reserve cut interest rates on Tuesday in response to the spreading coronavirus, and that could bring benefits to one sector of the U.S. economy just in time for spring: real estate. Mortgage rates were already low – and the addition of a rate cut could provide an even more attractive opportunity for prospective […]
Federal Reserve Chair Jerome Powell Statement and Press Conference Following 50 Point Fed Drop…
Earlier this morning the Federal Reserve (Fed) announced a .50 drop in their lending rate in response to the potential for economic impacts from the coronavirus. Following the rate cut Federal Reserve Chair Jerome Powell delivered a statement and held a press conference…
There Are Trillions at Stake…
President Trump is disrupting decades of multinational financial interests who use the U.S. as a host for their ideological endeavors. President Trump is confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie. YOU. There are trillions at stake; it is all […]
Dow, S&P and Nasdaq Score Biggest Gains Ever as Stocks Make Comeback…
U.S. equity markets surged Monday as Wall Street rebounded from its worst week since the financial crisis and has President Trump and U.S. health officials made more progress in developing a plan to combat the coronavirus. The Dow Jones Industrial Average rose over 1,294 points or 5 percent in what is the biggest point gain […]
Dow Jones Fell More Than 3,500 Points in Its Worst Week Since 2008…Fed Under Pressure to Cut Rates Immediately…
Increasing fears over the spreading coronavirus have investors on edge, and while the White House maintains that the United States is prepared to handle an outbreak, the Federal Reserve has come under scrutiny as the market rapidly loses liquidity. The Dow Jones Industrial Average fell more than 3,500 points in its worst week since the […]
Good Riddance to Obama’s ‘Joint Employer’ Rule…
For all their triumphalist talk of ascendant demography and permanent majorities, Democrats have never really come to terms with the slow death of the labor movement. Unions have never been less relevant than they are today in the modern economy. Where they have not been obviated by workplace health and safety rules, they are being […]
Congress Just Passed Nightmare Legislation That Strips Trillions in Wealth from the Middle Class…
Five days before Christmas, while the impeachment debate distracted voters, the President signed into law the so-called Secure Act – which was a sickening bi-partisan attack on the wealth-building capability of the middle class. Making the dirty deed even more Grinch-worthy, the attack on the assets of the middle class comes after the Trump tax […]
The Big 401(k) Changes Coming in 2020 You Need to Know About…
Ready to save more for retirement in 2020? A number of new provisions may make it easier to do so. For starters, when it comes to 401(k) plans, savers will be able to contribute more money. The contribution limit will increase to $19,500, from $19,000. The catch-up contribution limit, for those aged 50 and over, […]
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