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Pandemic Savings + Government Stimulus: What It All Means For The Stock Market And Economy
Monday, April 19, 2021 - 5:30pm | 552Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 86% since the S&P hit its pandemic low in March 2020. While some investors are growing skeptical of the market’s expanding valuation, others argue the unprecedented conditions in the global economy have created a perfect storm for...
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Do Millennials Care About The Stock Market?
Friday, October 16, 2020 - 4:45pm | 688Read More...Millennials have flooded into the stock market in droves in 2020, with popular trading apps such as Robinhood and WeBull reporting huge spikes in younger users. But despite a new generation of investors entering the market for the first time this year, the latest data from Goldman Sachs suggests...
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RSM Economist Sees 3 Fiscal Cliffs Ahead For Nation's Unemployed
Thursday, July 9, 2020 - 2:49pm | 288Read More...For the week ending July 4, the advance figure for seasonally adjusted initial unemployment claims was 1,314,000, representing a 99,000-claim week-over-week drop, according to the Labor Department. What Happened: Initial jobless claims are slowly decreasing, but it's still the...
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New Jobless Claims Continue To Fall, But Exceed Estimates: 'They Turned Down The Heat In Hell'
Thursday, June 18, 2020 - 10:00am | 429Read More...Americans made 1.5 million new jobless claims in the week ending June 13, down 58,000 from the prior week, the Department of Labor said Thursday. The consensus expectation was for 1.3 million new filings. The prior week's number was revised upward by 24,000 claims. Layoffs Slowing:...
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Rocket Ship? Experts React To Shocking May Jobs Report
Friday, June 5, 2020 - 4:07pm | 824Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) gained 2.56% on Friday after the Labor Department reported one of the most surprising monthly jobs reports of all time. The U.S. added a record 2.5 million jobs in May, beating consensus economist estimates of an 8.3 million loss. The U.S. unemployment...
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What To Make Of The Historically Bad Jobs Report: 'Great Depression Levels Of Stress'
Friday, May 8, 2020 - 1:22pm | 785Read More...April brought the highest unemployment rate — and monthly rate increase — since the Great Depression. And the lowest labor force participation rate since 1973. And the lowest employment-to-population ratio since the U.S. began tracking seasonally adjusted data in 1948. Basically, April...
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US Adds 145K Jobs In December, Wage And Labor Market Gains Consistent With Fed's Outlook
Friday, January 10, 2020 - 10:10am | 490Read More...The Bureau of Labor Statistics released employment data for the month of December, and the jobs report came in below economists expectations. Here’s a rundown of everything you need to know. What You Need To Know About The Jobs Report The nonfarm payroll number came in at +145,000, below...
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Why Oil And Gas Stocks Respond To Political Unrest
Friday, January 3, 2020 - 12:05pm | 989Read More...The SPDR S&P 500 ETF Trust (NYSE: SPY) opened lower by 0.6% on Friday after the U.S. said it killed Iran’s top commander, Gen. Qasem Soleimani, in a Baghdad airstrike. News of geopolitical unrest in the Middle East sent stock prices tumbling nearly across the board on Friday...
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Jobs Report Blows Expectations Out Of The Water
Friday, March 9, 2018 - 10:43am | 697Read More...The Bureau of Labor Statistics released employment data for the month of February, and the jobs report blew expectations out of the water. Here’s a rundown of everything you need to know. What You need To Know The nonfarm payroll number came in at +313,000, and the private payroll...
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Trump Administration Expected To Propose 15% Corporate Tax Rate
Tuesday, April 25, 2017 - 11:50am | 567Read More...A proposed 15 percent corporate tax rate widely expected to be rolled out Wednesday by the White House is a case of talk translating to action, according to RSM US LLP Chief Economist Joe Brusuelas. A reduction of the corporate tax rate from 35 to 15 percent is the linchpin of President Donald...
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March Jobs Miss 'More Noise Than Signal'
Friday, April 7, 2017 - 9:48am | 669Read More...After two consecutive months of better-than-expected payroll growth, with January and February beating estimates by a combined 87,000 jobs, the United States suffered a significant miss in its March employment figures. According to the Bureau of Labor Statistics establishment survey, total nonfarm...
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Fed Moves Markets With First Rate Hike Of 2017: On Path To 'Beautiful Normalization'
Wednesday, March 15, 2017 - 3:44pm | 622Read More...The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent. Despite the fact that rising interest rates are typically bad for stocks and commodities like...
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Why The Case For A Border Adjustment Tax Relies On A Questionable Assumption
Wednesday, February 1, 2017 - 4:47pm | 753Read More...According to President Donald Trump’s press secretary, Sean Spicer, Trump is considering a 20 percent border adjustment tax on Mexican imports. Trump is also reportedly considering a 45 percent tariff on imported Chinese goods as well. Trump has also threatened German automakers with a 35...
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A Decade Of GDP Slowdown: Will Trump Turn It Around?
Friday, January 27, 2017 - 11:25am | 834Read More...The U.S. economy under Barack Obama seems to have faltered as the former president hit the homestretch. Advance estimates released by the Bureau of Economic Analysis report on Friday showed that the U.S. economy slowed more than expected in the fourth quarter, rendering the annual GDP growth...
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Why The May Jobs Report Should Be 'Taken With A Grain Of Salt'
Friday, June 3, 2016 - 2:01pm | 345Read More...The U.S. economy added only about 38,000 jobs in May, its lowest monthly job growth number since fall of 2010. The unemployment rate fell to its lowest level since before the Financial Crisis, coming in at 4.7 percent. However, the 38,000 jobs added were well short of analyst expectations of...
