Wall Street’s main indexes opened slightly lower on Monday as investors stayed cautious ahead of a key inflation report, while weak data out of China fanned worries of a looming economic slowdown. The Dow Jones Industrial Average fell 29.20 points, or 0.09 percent, at the open to 33,705.68. The S&P 500 opened lower by 4.72…
US Consumers Are Suffering in a Less Than Robust Economy
Commentary Keynesian policies are damaging what they were intended to support. No example is more evident than what’s occurring in the United States. A few years ago, in 2021, I had a conversation with the economist Judy Shelton wherein she said that the recovery would be much stronger without the stimulus package, and she was…
Dollar Recovers a Touch, Inflation Data Boosts Norway’s Crown, Hurts China’s Yuan
SINGAPORE/LONDON—The dollar regained ground on Monday, partly recovering from a knee-jerk reaction to Friday data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies. The dollar index, which tracks the greenback against a basket of major peers, was up 0.15 percent at…
Stocks Take a Breath While Bonds Choke on China Disinflation Drag
July 10, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON/SYDNEY—Global stocks took a breath on Monday after a surprisingly low reading on Chinese inflation and ahead of data on U.S. inflation and corporate earnings later in the week. The pan-European STOXX 600 index rose 0.1 percent by 0840 GMT while US stock S&P futures declined 0.2 percent and Nasdaq futures fell by 0.3 percent….
Inflation the Price to Pay for Big Government: Shadow Treasurer
SYDNEY, Australia—Shadow Treasurer Angus Taylor said Australians were currently suffering the consequences of big government. “Inflation is the price that everybody pays for excessive government. It is a thief in the night,” he said in a speech at the Friedman Conference in Sydney on July 8. Championing the late American economist Milton Friedman’s words that…
Mortgage Rates Soar to Highest Level for the Year
July 8, 2023
admin
30-year mortgage ratesBusiness & Marketseconomic policieseconomyhome pricesinflationInvestmentMarketsPolicies & Impactsreal estateUSUS Real Estate
0 Comment
U.S. home mortgage rates soared towards 7 percent this week, pushing away many potential home buyers as affordability pressures for some pushed home ownership further out of reach. The average rate on the popular 30-year fixed mortgage hit 7.22 percent on July 6, reaching its highest point since November, according data published by to Mortgage News…
Walmart’s Bill Simon Says Inflation Having ‘Much Bigger Impact’ on Households Than Looming Recession
As analysts ponder whether inflation in the United States has turned a corner following the latest data, a former Walmart U.S. chief executive says that inflationary pressures are here to stay longer and will hurt American households more than the looming recession. Former Walmart U.S. CEO Bill Simon told Fox News in a recent interview…
Two-Year U.S. Treasury Yields Hit 16 Year High, as Investors Are Spooked by Latest Jobs Report
July 8, 2023
admin
2-year TreasuryBusiness & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesInvestmentjobs reportMarketsPolicies & ImpactsstocksUS
0 Comment
The latest U.S. jobs report led investors to raise the yield on the 2-year Treasury note to its highest level in 16 years while dumping their stocks. There was serious concern that strong U.S. employment levels would encourage the Federal Reserve to continue raising interest rates. The latest jobs estimate from ADP put pressure on…
More Than Wildfire Risk Causing Insurance Companies to Reconsider California: Experts
July 7, 2023
admin
Business & MarketsCaliforniaCalifornia Department of Insurancehome insuranceinflationNorthern CaliforniaPolicies & Impactsreal estateRegional & State NewsreinsuranceSouthern CaliforniaState FarmState NewsUSUS Newswildfire
0 Comment
Property owners across the state have seen their policies dropped by insurance companies due to fire danger, but experts say the state’s regulations are more impactful than the risk posed by natural disasters. After State Farm and Allstate both declared in May they will no longer accept new homeowners’ policies in California, many property owners…
California Insurance Crisis Goes Beyond Wildfire Risk: Experts
July 7, 2023
admin
Business & MarketsCaliforniaCalifornia Department of Insurancehome insuranceinflationNorthern CaliforniaPolicies & Impactsreal estateRegional & State NewsreinsuranceSouthern CaliforniaState FarmState NewsUSUS Newswildfire
0 Comment
Property owners across the state have seen their policies dropped by insurance companies due to fire danger, but experts say the state’s regulations are more impactful than the risk posed by natural disasters. After State Farm and Allstate both declared in May they will no longer accept new homeowners’ policies in California, many property owners…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta