NEW YORK – During its descent to the Lakehurst airport near New York, the Hindenburg Zeppelin burst … [+] into flames just above its anchoring mast for reasons still unknown on May 6, 2010 in New York. The fire was fed by the hydrogen contained in the machine and as a result, the flames were…
US Job Cuts Announced, monthly Challenger, Gray & Christmas There were two major economic announcements last week. The Q4/22 GDP, released by the BEA (Bureau of Economic Analysis) on Thursday (January 26th) was fawned over by the media. As we analyze below, some pundits falsely conclude that the +2.9% annualized growth rate was a sign…
30 June 2002 Yokohama : FIFA World Cup Final – Brazil v Germany : Gilberto Silva of Brazil … [+] celebrates on a lap of honour, holding the Brazilian flag (photo by Mark Leech/ Getty Images) Mark Leech Sports Photography/Getty Images Argentina and Brazil are making plans to develop a single currency area for Latin…
Disappointing earnings from Intel have the stock trading 8% lower in early Friday trading. (Photo … [+] by Justin Sullivan/Getty Images) Getty Images Key Takeaways Intel INTC Earnings Disappoint Personal Consumption Expenditures In Line With Expectations Next Week: FOMC, Earnings and Jobs As earnings season gathers momentum, markets are showing some signs of strength. Heading…
UNITED STATES – NOVEMBER 01: Paul Volcker, Chairman Federal Reserve Board, speaking at Domestic … [+] Policy Subcommittee meeting. (Photo by Diana Walker/Getty Images) Getty Images William Miller, a former Fed chairman in the 1970s was known to have joked that 23% of the US population thought the Federal Reserve was an Indian Reservation, 26%…
Getty Images Key takeaways Unemployment has consistently fallen since December 2021 One factor behind declining unemployment could be a slow recovery in the labor force participation rate since the onset of COVID Labor force participation has been on a downward trend for decades due to an aging population and other factors Unemployment is one of…
America certainly didn’t get off to a great start in 2023. We are bringing forward a whole laundry list of problems from last year: inflation, climate change, dysfunctional immigration policies, inadequate education systems, war abroad, rudeness, hatred, and xenophobia. In the first week of this new year, the U.S. House couldn’t agree on a speaker…
For 2023, you have an opportunity to save, invest, and plan for financial independence. In this … [+] article, popular financial advisor Winnie Sun, managing partner of Sun Group Wealth Partners, breaks down for best tips to work towards financial wellness. getty Confucius once said “When it is obvious that the goals cannot be reached,…
Topline As egg prices have soared 59%—at a median cost of $4.25—one advocacy group claims egg suppliers are in a “collusive scheme” to keep prices high to maximize profits. Cartons of eggs are for sale in a supermarket in McLean, Virginia. AFP via Getty Images Key Facts Farm Action, an advocacy group critical of large…
Getty Images Key takeaways Overall inflation for December dropped to 6.5% from 7.1% in November on an annual basis. While this information isn’t exactly worthy of a celebration, it’s a sign that things are moving in the right direction since it shows that the rate hikes are slowing down the economy. Investors look at the…