The U.S. economy added 4.8 million jobs in June, says a new report from the Bureau of Labor Statistics. That brought our national unemployment rate down to 11.1% and beat all economists’ expectations amid the U.S. recovery. To add a little bit of context,...
Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified before Congress and the House Financial Services Committee. In prepared testimony, Jerome Powell said that the economic recovery had started earlier than expected. Despite that, he believes the economy is still much weaker than...
The U.S. accounted for 20% of new Covid-19 cases globally on Sunday. The number of new Covid-19 cases in the U.S. is concerning. The U.S. accounts for just 4.3% of the world’s population. Yet the country has five times more cases than its proportional...
As Covid-19 cases continue to rise in the U.S., President Trump’s infectious disease expert says . . . coronavirus is the worst nightmare. Dr. Anthony Fauci says that coronavirus has devastated the world in just four months. Fauci says that Covid-19 is more complicated...
In a recent article I pointed out that market volatility is most likely here to stay. That can make investors uncomfortable with sharp day to day swings in either direction. The reason is simple: The mixed bag of economic data out recently has both...
The retail sales report earlier this week was definitely good news. Leave to researchers at Harvard to put a damper on it. Economists at Harvard have been tracking U.S. credit card spending for years. They’ve recently noticed that overall credit card spending has been...