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Money & The Economy

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Trump Effect: Despite Coronavirus Fear-mongering, 273,000 Jobs Added, Unemployment At 3.5%

Donald Trump success

The U.S. economy added 273,000 jobs in February, while the unemployment rate was almost unchanged at 3.5%, according to Department of Labor data released Friday. There were 273,000 jobs added in February, according to the Bureau of Labor Statistics report — about 48,000 more jobs than were added in January. February’s unemployment rate dipped slightly to 3.5% from January’s 3.6%, ...

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Report: Green New Deal Will Impose A $75,000 Per Year Cost On Swing-State Households

Americans in nearly a dozen swing states could expect to spend roughly $75,000 per year if the Green New Deal is ever implemented, according to a report Wednesday from a conservative nonprofit group. The so-called GND would cost households an average of $74,287 and $76,683 in Colorado, Michigan, Pennsylvania, among others, a report from the Competitive Enterprise Institute noted. CEI ...

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Stock Market Plunges Over Fears Of Coronavirus Pandemic

U.S. stocks plunged Monday morning over fears of a possible global coronavirus pandemic. The Dow Jones dropped 997 points, or 3.4%, when markets opened Monday, CNN reported. The S&P 500 and Nasdaq also fell 3.2% and 4.3%, respectively. The Monday morning plunge puts the Dow on pace for its biggest one-day drop since mid-August when it dropped 800 points after ...

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New Map Shows How Green New Deal Could Impact Swing States

A Virginia-based GOP group launched a website Wednesday that provides voters information about how their respective states will fare if Vermont Sen. Bernie Sanders’s climate policies are put into action. One of the resources featured on the Green New Deal Stats website is an interactive map highlighting what industry leaders believe the so-called Green New Deal (GND) will do to ...

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Conservatives Cheer Massive Sprint, T-Mobile Deal, Say Merger Injects Life Into 5G Pursuit

A judge approved Sprint and T-Mobile’s multi-billion dollar merger Tuesday, effectively creating the country’s largest wireless company as the country tries to compete with China on 5G. The $25 billion deal is expected to allow the combined company to provide services to more than 100 million subscribers. Sprint and T-Mobile are independently the third and fourth largest companies in the ...

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2020 Democrats’ Safety Net Plans Would Lower Wages For US Workers: Study

The plans introduced by most 2020 Democratic presidential candidates to maintain solvency for government entitlement programs would ultimately lower wages for American workers, a study found. The Tax Foundation, a right-leaning think tank based in Washington, D.C., released a study Tuesday finding that most of the plans pushed by the current crop of Democratic presidential candidates would stifle economic growth ...

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Coronavirus Outbreak Having Major Impact on Chinese Automotive Market

An outbreak of the novel Coronavirus (2019 nCoV) is already having a negative impact on China’s automotive industry and has the potential to disrupt the North American auto industry as well, according to an alert published by LMC Automotive, a leading independent automotive global forecasting and market intelligence company. In the alert, LMC ‘s base case scenario expects the epidemic to continue ...

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Huawei, A Corporate Pariah In America, Sues Verizon As It Clings To The American Market

Tech giant Huawei is accusing American telecommunications company Verizon of violating several patents as the Chinese company tries to stay relevant inside the U.S., a lawsuit filed in Texas Thursday shows. Verizon Communications violated 12 patents on digital communications and other technology, Huawei said in a copy of the lawsuit. The lawsuit was filed after negotiations failed to produce a ...

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Watch Live: President Trump Participates in Historic Signing Ceremony for US-Mexico-Canada Trade Agreement

Donald Trump speech on economy - south lawn

President Donald Trump will sign the historic US-Mexico-Canada Trade Agreement (USMCA) during a South Lawn ceremony Wednesday morning. The agreement embodies the long-overdue overhaul of the flawed North American Free Trade Agreement which was anything but a free trade agreement and is responsible for shipping a massive number of American jobs to other countries. The ceremony is scheduled to start ...

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Buyer Beware: Super Bowl team gear could be counterfeit

SAN FRANCISCO – As the excitement of football builds in the Bay Area, sports fans around the city, state and nation, seek out team adorned gear to show support as the Super Bowl nears. Another group paying close attention to sports-related items, is the men and women of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), San Francisco, and ...

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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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What to consider when starting your business website

Running a business in the digital era means one thing only – you must be online. Your business must be online so people can see it and buy whatever you are offering. Your product or service can be the best one in the world, but if you don’t build proper infrastructure and online presence, no one will be able to ...

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An interview with Luigi Wewege, SVP of Caye International Bank in Belize

In view of the fact that global wealth is growing and that more people besides just high net worth individuals are looking offshore for their banking needs, we managed to have an interview with Luigi Wewege. He is the SVP and Head of Private Banking at Caye International Bank in Belize. Offshore accounts are on the rise, as is the ...

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