The Amazon juggernaut continues to crush brick and mortar retailers. On Thursday morning, former retail giant Macy’s, announced that was preparing to fire 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for “physical retail.” The retailer’s cost reductions come […]
NY Fed Raises GDP Forecast, DOW Closes New Record…
Almost too much winning… almost, but I think we can take it. The New York federal reserve has raised their anticipated fourth quarter GDP growth forecast to 3.8%. That’s only a week after previously raising it to 3.2%. The Stock Market closes again at yet another all time high today…
The State of Michigan Wrongly Accused 46k People of Unemployment Fraud…
The state of Michigan collected more than $100 million from innocent residents after a computer error wrongly accused 46,000 people of unemployment fraud. Our affiliate WSMH interviewed on the victims about his experience, Lansing resident Karl Williams. After Williams was laid off from his job in 2011, he collected unemployment for around six months until […]
Here Are the Winners and Losers of the Tax Plan, by Income Bracket…
By and large, Americans of all incomes will benefit from the Tax Cuts & Jobs Act that House Republicans have offered. But some by a lot more than others. That’s according to analysis done by Ernie Tedeschi, an economist in the Obama-era Treasury Department now at Evercore ISI. He used the Open Source Policy Center […]
For the Non-Rich, the Child Tax Credit Is the Key to Tax Reform…
The GOP’s Hidden 46% Tax Bracket…
How Harvey And Irma Will Slam The U.S. Economy: A Complete Walk Thru From BofA…
The Economy Minus Houston…
153,513,000: Record Number of Americans Employed in July…
The number of employed Americans hit a record high of 153,513,000 in July, according to the latest numbers released by the Bureau of Labor Statistics. There were 345,000 more Americans who gained employment over the month, and more individuals joined the labor force as well. There were 349,000 more Americans who joined the labor force […]
U.S. Created 209,000 Jobs in July, vs 183,000 Jobs Expected…
The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that…
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