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Money & The Economy

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Here’s A Look At One Ohio Town Where The Manufacturing Jobs Are Coming Back

Thirty miles west of Cleveland along the Lake Erie shoreline sits a town named Lorain, Ohio. Famous for being the birthplace of Toni Morrison, Lorain was once a bustling steel town that drew people from all over the country for manufacturing work. Even the high school football team was named “The Steelmen.” But today, like many Rust Belt towns, Lorain ...

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Some Deal Will Have To Be Struck With Gig Economy Workers, Could It Be Unions?

The gig economy has come under increasing scrutiny by both liberals and conservatives, and rideshare apps like Uber and Lyft are no exception. The policy patterns and battles over ridesharing will inevitably be felt in other sectors of the economy. As the gig economy becomes more widespread, conservatives will have to be ready to adapt to  the trends of 21st ...

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In Trump’s Economy, Working Class Employees Are Getting Bigger Raises Than Their Bosses

Wages for working class Americans are increasing faster than their bosses as the U.S. economy keeps humming and unemployment rates stay low, The Wall Street Journal reported Friday. The wage increases are a sign that the labor market is tightening to a point where it is giving low wage employees leverage for raises. A short supply of workers and an ...

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China Nearly Doubles US Soy Bean Imports As Trump And Beijing Hammer Out Trade Deal: Report

Donald Trump success

Chinese imports of soybeans nearly doubled in November as the communist nation seeks a trade deal with the U.S., one of its biggest suppliers of the staple agricultural product, AP reported Thursday. Imports rose more than 50% to 5.4 million tons, AP reported, citing customs data. China nixed purchases of American soybeans after President Donald Trump raised import duties on ...

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Boeing Fires CEO As The Company Ends 2019 Amid Crisis Over Wrecks

Boeing fired CEO Dennis Muilenburg as the company attempts to unbury itself from negative press related to two crashes killed hundreds in 2019, The New York Times reported Monday. It’s board of directors “decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all ...

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Trump Effect: 266,000 New Jobs Added in November – blowing out expectations

Donald Trump success

The U.S. economy added a robust 266,000 jobs in November blowing out analysts’ expectations of 187,000, according to the Bureau of Labor Statistics. Gains were largest in manufacturing (54,000), leisure and hospitality (45,000), health care (45,000), professional and technical services (31,000), and transportation and warehousing (16,000). Clothing and accessory retailers saw the largest losses as more than 18,000 jobs were ...

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US Becomes A Net Fossil Fuel Exporter Under Trump Democrats Vow To Bludgeon U.S. Oil Producers

The United States notched the country’s first month of exporting more petroleum products than it imported, according to newly released federal data. The news comes as Democratic presidential candidates campaign on nixing fossil fuels. The U.S. exported roughly 89,000 barrels of fossil fuels per day during September, according to data the Energy Information Administration (EIA) released Nov. 29. That’s the ...

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Forex Academy Reports the GBP and Euro Pair Testing the 0.86 Handle

Just a few weeks ago, EUR/GBP, one of the most popular Forex pairs, remained on a defensive front because of the volatile market. However, it has finally decided to test its 0.86 handle, which is a positive sign for many Forex traders. There is an enormous selling bias circulating the British pound. But it manages to hold its ground even ...

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America’s Federal Budget On ‘Unsustainable Path,’ Warns Fed Chair Jerome Powell

Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt. Powell told the Joint Economic Committee that the “high and rising federal debt,” which now tops $23 trillion, could make it difficult for the economy to recover from future market downturns. “In a downturn, it would also ...

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New York Regulators Investigate Apple Card Over Sexism Complaints

New York regulators are investigating Goldman Sachs’ Apple Card after a prominent software developer said the card is a “f*cking sexing program” in a Nov. 7 tweet thread. David Heinemeier Hansson spoke out against the card and its algorithm on Twitter, saying, “The [Apple Card] is such a f*cking sexist program. My wife and I filed joint tax returns, live ...

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