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US import prices rose 0.1% in July, as expected

US import prices rose 0.1% in July, as expected
Written by James Malloy on 2017-08-16


U.S. import prices increased in July after two straight monthly declines, driven by rising costs for petroleum products and food, but underlying imported inflation remained muted.The Labor Department said on Tuesday that import prices edged up 0.1 percent last month after an unrevised 0.2 percent drop in June. Last month's increase was in line with economists' expectations and left the 12-month increase...(Read More)

North Korea concerns set the stage on Wall Street, stock futures fall

North Korea concerns set the stage on Wall Street, stock futures fall
Written by James Malloy on 2017-08-11


U.S. stock index futures pointed to a lower open on Thursday, as investors kept their focus on rising tensions between North Korea and the U.S.Dow Jones industrial average futures fell 51 points, while S&P 500 and Nasdaq 100 futures declined 9.25 points and 36 points, respectively.Earlier this week, President Donald Trump said that North Korea would face "fire and fury" if it continued to threaten...(Read More)

Amid Washington dysfunction, lack of accomplishments, Trumps clings to his shrinking support

Amid Washington dysfunction, lack of accomplishments, Trumps clings to his shrinking support
Written by James Malloy on 2017-08-05


As political and legal troubles mount, President Donald Trump holds ever tighter onto a base of support that grows ever smaller.Last night, Trump traveled for the second time in 10 days to West Virginia, the small conservative state that gave him 68 percent of the vote last November. He basked in the applause of the crowd while ridiculing the news that the Justice Department special counsel has impaneled...(Read More)

Democrats’ push for a new era of antitrust enforcement, explained

Democrats’ push for a new era of antitrust enforcement, explained
Written by James Malloy on 2017-07-31


As congressional Democrats rolled out their new "Better Deal" agenda for the American people, even some in their own ranks were surprised by the level of interest in the party's new agenda on antitrust and competition policy.One reason for that is that even some members of Congress may not be aware of how significant the commitments are that Democrats are making. After all, to a casual observer/member...(Read More)

Fed says stimulus wind down to begin 'relatively soon,' leaves rates unchanged

Fed says stimulus wind down to begin 'relatively soon,' leaves rates unchanged
Written by James Malloy on 2017-07-26


The Federal Reserve laid the groundwork Wednesday to begin winding down shortly the massive stimulus program it embarked on to rescue the economy from the financial crisis. As expected, the Fed also unanimously declined to raise interest rates this month.After its two-day policy meeting, the Federal Open Market Committee released a statement containing key language that points to starting the move...(Read More)

Trump lifted the cap on H-2B worker visas. Then his businesses asked for 76 of them.

Trump lifted the cap on H-2B worker visas. Then his businesses asked for 76 of them.
Written by James Malloy on 2017-07-21


This week, the Trump administration defied its "America First" rhetoric with a policy change that would make it easier for companies to hire guest workers from foreign countries. The Trump Organization is already poised to benefit from it.On Monday, the Department of Homeland Security raised the cap on H-2B visas for foreign guest workers from 66,000 visas per year to 81,000.On Thursday — just...(Read More)

Jamie Dimon blows up at DC's dysfunction, says he's tired of 'listening to the stupid s---'

Jamie Dimon blows up at DC's dysfunction, says he's tired of 'listening to the stupid s---'
Written by James Malloy on 2017-07-16


JPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company's earnings conference call Friday. "It's almost an embarrassment being an American citizen traveling around the world and listening to the stupid s--- we have to deal with in this country," Dimon said in response to an analyst question. "Since the Great Recession, which is now 8 years old, we've...(Read More)

A snapshot of America's Top States for Business 2017

A snapshot of America's Top States for Business 2017
Written by James Malloy on 2017-07-11


Our America's Top States for Business study shows not only which states are winning but how entire regions compete against one another. We score each state on more than 60 metrics in 10 categories of competitiveness. You may be surprised at some of the results you see here. Roll over the map, zoom in and tap to see where your state ranks — and whether your neighbors are pulling their weight.Full...(Read More)

Goldman Sachs thinks the opioid crisis is so bad it's affecting the economy

Goldman Sachs thinks the opioid crisis is so bad it's affecting the economy
Written by James Malloy on 2017-07-06


The opioid crisis has major costs for the U.S. economy, including the labor market, David Mericle, senior U.S. economist at Goldman Sachs, said in a Wednesday note.The report is one of the first from a major Wall Street bank focused on the growing epidemic killing more than 90 Americans every day. "The opioid epidemic is intertwined with the story of declining prime-age participation, especially...(Read More)





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