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Money & The Economy

News on Finance, Money, markets and the economy

Remington Arms lays off 122 workers

Remington Logo

Remington Arms Company announced Wednesday that it had laid off 122 workers from its manufacturing plant in Ilion, NY. Remington officials say that the cuts are due to a decline in demand and increasing inventories. The firearms manufacturer’s announcement comes just a few weeks after Outdoor sporting goods and firearms retailer Gander Mountain announced that it was declaring bankruptcy due to ...

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U.S. Weekly Jobless Claims Jump More Than Expected

Workers at New Balance

With layoffs at 45-year lows, more Americans filed initial jobless claims than analysts had expected. A Department of Labor report showed that 248,000 Americans filed new unemployment insurance claims – 6,000 more than economists had expected despite the lowest level of layoffs recorded in more than four decades. Higher-than-normal layoffs in Massachusetts were more than offset by reductions in 11 other ...

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ADP Report: Trump’s First Full Month Brings ‘Blowout’ 298,000 New Jobs

ADP February 2017 Non-Farm Payroll report

American employers added 298,000 new jobs in February which beat analyst expectations by more than 100,000. Global payroll firm ADP released a report on Wednesday echoing huge job growth shown in Tuesday’s LinkedIn report. Both reports contain the first hard numbers that cover Trump’s first full month as president. “Confidence is playing a large role,” Moody’s chief economist Mark Zandi, ...

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There Is No Gender Wage Gap

There is no gender wage gap

Is there a gender wage gap? Are women paid less than men to do the same work? Christina Hoff Sommers, Resident Scholar at the American Enterprise Institute, explains the data.

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Gander Mountain Preparing to File for Bankruptcy Protection

Gander Mountain Logo

In a firearms market that is increasingly turning to online purchases, another firearms retail giant is reported to be preparing to file for bankruptcy. U.S. hunting and fishing chain Gander Mountain Co is preparing to file for bankruptcy as early as this month, after an aggressive effort to expand its store base failed to pull in new customers, according to ...

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EPA Warned that Trump to Sign Executive Orders Affecting the Agency

Donald Trump Executive Order

Trump’s campaign promises are about to hit the Environmental Protection Agency by way of executive orders undoing eight years of unelected bureaucratic B.S. Staff at the U.S. Environmental Protection Agency have been told that President Donald Trump is preparing a handful of executive orders to reshape the agency, to be signed once a new administrator is confirmed, two sources who ...

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Why Is America So Rich?

Why is America so rich - PragerU

Why is America the world’s richest nation? Is it mostly because of the government, or is it thanks to entrepreneurs and businessmen? Historian Burt Folsom of Hillsdale College explains. Donate today to PragerU: http://l.prageru.com/2eB2p0h

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Lessons NOT learned in 2016!

2016 seemed to be the year that political correctness (PC) was allowed to accelerate faster than a fire in a jet fuel factory. The craziness grew rampant on college campuses with safe spaces, trigger warnings, protests on conservative speakers only, and so much more… just crazy! To prove my point, students at Pomona College campuses were greeted with a sign ...

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Economics 101: How 2017 Minimum Wage Increases Will Negatively Impact the Economy

BY ALEX PAUL As 2016 draws to a close, one cannot help but wonder what will come in 2017. Yes, Americans will be able to peacefully watch the sunrise knowing that Donald Trump will be our next President, but as I’ve said in my article about the Democratic Party, we’ve only won the battle. Although it was an important one, ...

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Trump Announces Jobs and Economic News Americans Haven’t Heard in Decades

Donald Trump speaking

President-elect Donald Trump on Wednesday announced the creation of 8,000 new private-sector jobs in America. “We just had some very good news, because of what is happening and the spirit and the hope. I was just called by the head people at Sprint and they are going to be bringing 5,000 jobs back to the United States,“ Trump said during ...

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Trump to Make ‘Very Positive’ Announcement on Economy Wednesday

donald-trump-thumbs-up

President-elect Donald Trump plans to make an announcement about the economy on Wednesday that his transition team said would be a boost to working families. On a regularly scheduled conference call with reporters, Trump spokesman Sean Spicer said that Trump would be speaking between 4pm and 5pm ET giving few other details. Spicer mentioned that the announcement “should be very positive for ...

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WATCH: Amazon Prime Air Makes First Customer Delivery – Sort of

Amazon Drone Delivery

Amazon is gearing up to deliver small (less than 5lb) packages to customers within about a 3-mile radius, as long as they are willing to hunt around in the yard for their package(s). The initial test deliveries were in England and obviously the technology has a way to go before it drops a bag of Doritos at the back door ...

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Trump Announces Gary Cohn as Key Economic Advisor

Gary Cohn - Global Economic Forum

(New York, NY) — President-elect Donald J. Trump today announced his intent to appoint Gary D. Cohn as Assistant to the President for Economic Policy and Director of the National Economic Council. A renowned business leader, Mr. Cohn will help to both design and coordinate the President-elect’s America First economic agenda and make sure increasing wages for American workers will ...

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