Just days after gaining 600 points in the aftermath of Fed Chairman Jay Powell’s comments about the Fed’s monetary policy, and after further gains in the beginning of the week,…
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Money
The world of finance, all in one place.
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Give President Trump credit – he isn’t one to kowtow to precedent. While previous Presidents have been reluctant to call out the Federal Reserve in public, preferring to criticize the…
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Breaking NewsMoney
GM to Shutter Multiple Plants, Lay Off Thousands, Cut Back on North American Production
November 29, 2018In news that shocked the automotive industry, General Motors announced that it plans to close five of its production plants in North America, laying off 15% of its salaried workforce,…
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The unconventional monetary policy undertaken by central banks to respond to the financial crisis took the form of quantitative easing (QE), a massive injection of money into the financial system…
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The results are in, and Democrats have retaken the House of Representatives but Republicans have retained control of the Senate. The big question now is, what effect will this split…
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With interest rates rising throughout the economy, mortgage rates have risen along with them. That has caused a slowdown in the housing market that threatens to take the rest of…
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The free market is widely believed by many to be a scheme for the rich to get richer and for large corporations to grow larger. The truth is exactly the…
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Last week’s movements in stock markets were a wake-up call for investors of all stripes. Only days after reaching record highs the Dow Jones plummeted once again, dropping nearly 1,400…
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The average interest rate on a 30-year mortgage rose above 5% this week for the first time since 2011. And while that’s still a relatively low rate historically speaking, the…
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America NowBreaking NewsMoney
This Week’s Stock Market Performance Demonstrates the Underlying Weakness of Markets
October 12, 2018The Dow Jones on Wednesday suffered its third-largest one-day point drop ever, ending the day down more than 830 points. That was a major wake-up call for those who thought…
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America NowBreaking NewsMoney
Will Trump’s Trade Policy Topple the Chinese Economy?
October 10, 2018With the onset of tariffs pushed by the Trump administration, their effect on world trade has been profound. And while the effects on the US economy have been pronounced, affecting…
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Money
The Real Enemy Facing America That the Left and Right Should Be United Against
October 9, 2018Political division is higher than ever nowadays. Left-wingers and right-wingers hate each other to no end and they both believe that the opposing side is what is standing in the…
