US job gains disappoint, unemployment holds at 4.1%

The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full unemployment, the jobless rate still held steady at its 17-year low of 4.1 percent. Employers added just 148,000 new hires in the final month of… Please follow and like us:

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Anti-Trump, Brexit doomsayers: We were wrong

Historically, it seems, the prospect of a freer economy in which business owners have fewer restrictions and workers keep more of their wages brings out the harbingers of doom. It was no different when British voters chose to leave the increasingly suffocating European Union and Americans elected businessman Donald Trump. Out came the predictions of a… Please follow and like us:

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Franken resignation, Jerusalem move, whatever: Stocks continue to melt up

WASHINGTON, December 7, 2017: This column’s devoted cadre of regular readers has undoubtedly noticed we’ve been playing hooky for the last week or two. That’s mainly been due to the stock market’s unusual case of late-year malaise. Yet this week, neither the latest fake Russian scandals, the U.S. recognition of Jerusalem as Israel’s official capital, nor… Please follow and like us:

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BMO Experts Expect Stellar Holiday Shopping Season Buoyed By E-Commerce

American retail sales (excluding autos and gas stations) expected to rise four percent, year over year, this holiday season E-commerce across the United States is in the midst of a strong year, growing at a steady annual rate of approximately 15 percent Toys experiencing a fourth consecutive year of growth, despite glut of movie-themed toys (top… Please follow and like us:

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Asia stocks down as plunging oil prices hammer energy firms

Asian energy firms extended a global sell-off Wednesday, dragging regional equity markets, as oil prices continued to tumble on the back of warnings of slowing demand and rising stockpiles. Both main contracts were down more than one percent as investors were spooked after the International Energy Agency (IEA) cut its forecast for crude consumption, saying recovering… Please follow and like us:

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Stock market ignores Donald Trump distractions, rallies on strong economy

The stock market has rallied and roared since Americans for the first time sent a billionaire businessman to the White House, with the Dow Jones industrial average setting 62 record-high closings since the Nov. 8 presidential election. Nothing has seriously discouraged investors – not the most deadly shooting rampage in modern U.S. history, not a series… Please follow and like us:

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Stock markets push higher despite N.Korea jitters

Stock markets in Europe and the United States mostly recovered on Wednesday, although the North Korean crisis remained on the minds of investors. Gold hit near one-year highs as investors continued to flock to haven assets ahead of the European Central Bank’s regular policy meeting on Thursday. There was little movement between the dollar, euro and… Please follow and like us:

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Equities drop after N.Korea’s latest nuclear test

Stock markets in Asia and Europe slid Monday as investors sought safer bets after North Korea claimed to have tested a hydrogen bomb, one week after firing a ballistic missile over Japan. Pyongyang on Sunday conducted its sixth nuclear test — sparking further condemnation and a warning from US Defense Secretary Jim Mattis of a “massive… Please follow and like us:

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Is the Financial Crisis Really Over?

The major economies of the world keep expanding. According to official statistics, output is increasing, unemployment rates are declining, while stock and house prices edge higher. Investor risk aversion, which rose to very high levels in the period of financial market turmoil, has come down considerably, lending a boost to credit transactions and pushing asset prices… Please follow and like us:

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Stocks rise ahead of Fed update

European and US stock markets rose Wednesday as investors looked ahead to the release of Federal Reserve minutes for clues on the US interest rate outlook. “European stock markets remain strong as the bullish sentiment that returned to the markets at the beginning of the week is still with us,” said market analyst David Madden at… Please follow and like us:

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Sterling falls amid gloomy prospects for UK economy

British currency and stock markets fell on Tuesday after the governor of the Bank of England delivered a pessimistic speech about the prospects for the United Kingdom’s economy as the nation prepares to leave the European Union. A twenty pounds banknote is seen in front of displayed stock graph in this picture illustration taken June 9,… Please follow and like us:

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Global Economy Shows Improvement for 2017

Business Cycle Dynamics Strengthening Across the Globe, but Gains Could be Short-Lived NEW YORK, June 12, 2017 /PRNewswire/ — The current cyclical upswing and recovery in productivity will raise global growth to 2.9 percent in 2017, up from 2.5 percent last year, according to The Conference Board’s latest Global Economic Outlook. The Conference Board Leading Economic… Please follow and like us:

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Bipolar Wall Street soars Thursday. On exactly what news?

WASHINGTON, June 1, 2017 – It’s almost impossible anymore to chart the stock market’s intent and direction past a 2- to 4-hour time-frame these days. Wednesday, the sky was falling, because oil prices dropped precipitously and because U.S. banks would apparently never generate profits again. Thursday, all that existential gloom was replaced by brilliant sunshine due… Please follow and like us:

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Six Months After India Currency Ban, Poor Still Feel Effects

Like thousands of other small-business entrepreneurs in India, Charanjit Yadav saw his sales of generator sets and batteries plummet in the weeks after the government’s surprising move to scrap 86 percent of the country’s currency last November. Six months on, as business booms, Yadav only recalls the currency ban when he looks at the crisp new… Please follow and like us:

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Trump and an era of Neo-Republicanism

WASHINGTON, March 30, 2017 – U.S. foreign policy is complex and contradictory, both tentative and a juggernaut. It has the capacity to terrify our friends and to comfort our enemies. It is essential to global stability and prosperity. Neo-Republicanism is a conservative offshoot that has moved away from traditional, conservative preservationist philosophies toward an anti-domination agenda.… Please follow and like us:

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