Category: Economy

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  • Venezuela blackouts and 2 day work weeks

    Venezuela orders 2-day work week to help avoid blackouts

    As Venezuela continues to suffer from blackouts, Zika virus, and a massive recession, it will also now only send workers to the office for two days a week. Venezuela’s President Nicolas Maduro decided Tuesday night to shorten the work week to two days. Public sector workers will now only report to work on Monday and […]

  • Unemployment claims

    Unemployment benefit claims fall to a four-decade low

    Americans seeking unemployment benefits have fallen to a four-decade low. Weekly applications for jobless benefits declined to 247,000 last week, the lowest reading since November 1973, the Labor Department said Thursday. The four-week average dropped by 4,500 to 260,500 and the total number of people receiving benefits has fallen by 7.6% to 2.14 million. Applications […]

  • Ted Cruz GDP Growth

    Ted Cruz’s GDP growth promise is complete B.S.

    Ted Cruz announced on CNBC’s Squawk Box on Friday morning that the US will have a “minimum of 5% GDP growth” if he’s elected president. Unfortunately for the Republican presidential candidate, that number is simply impossible. Cruz stated on the show, “Every other problem we’ve got, whether it’s unemployment, whether it’s the debt and the […]

  • Jamie Dimon and market volatility is here to stay

    Jamie Dimon says volatility is here to stay

    J.P. Morgan Chase & Co. Chief Executive James Dimon wants us to know that market volatility is likely here to stay. Despite that volatility he believes his own firm is becoming stronger and safer. During his annual shareholder letter, released on Wednesday, Dimon said liquidity in many major markets has gotten worse, leading to “extreme volatility […]

  • Jobless claims fall in US

    US jobless claims fall even as economic growth slows

    The number of Americans who filed for unemployment benefits fell more than expected last week. Initial state unemployment claims benefits were down 9,000 to a seasonally adjusted 267,000 for the week ended April 2. Economists had predicted that jobless claims would fall to 270,000 last week. Jobless claims have remained below 300,000 for 57 weeks, the […]

  • Gold prices since 1986 - best quarter

    Gold just had its best quarter since 1986

    Gold just had its best quarter in three decades. The price of the commodity jumped by 16.5% to $1,234 in the first quarter, it’s best quarter since 1986. US stocks have managed to rally buttocks in Europe, the UK, and Japan are still stuck in the red. The SPDR Gold Trust ETF surged 16%, its best […]

  • Economy and US CFOs

    US CFOs see plenty of troubles ahead in the economy

    The Chief financial officers (CFOs) at some of North America’s largest corporations are feeling down about the immediate future of the economy. Deloitte’s first quarter CFO Signals survey shows outlook for revenue, earnings, capital spending and domestic hiring all declined to the lowest level since 4Q 2012. “One difference this quarter seems to be CFOs’ […]