US stocks rise in another round of choppy trading

New York — Shares rose in another round of choppy trading on Wall Street on Thursday, trailing most major indexes after a week of gains. SThe &P 500 fell 0.3% as of 11:57 a.m. The Dow Jones Industrial Average fell 12 points, or less than 0.1%, to 33,964 and the Nasdaq fell 0.4%. Technology companies … Read more

Battle of inflation started after 8.5% July

Top Federal Reserve officials indicated they expect interest rates to rise in 2023 – a sign that market optimism may be over on a modest fall in inflation in July. Inflation remains “unacceptably high” after Chicago Fed President Charles Evans released Wednesday federal data showing consumer prices jumped 8.5% last month compared to a year … Read more

US employers added 528,000 jobs; Unemployment drops to 3.5%

Washington — Defying concerns about a possible recession and rising inflation, US employers added an astonishing 528,000 jobs last month, restoring all the jobs they had lost last month. coronavirus recession. Unemployment fell to 3.5%, the lowest since the pandemic in early 2020. Job creation in July was 130,000 more than the jobs produced in … Read more

Chicago mom says back-to-school shopping is ‘definitely a struggle’ amid inflation

Back To School Shopping Has Never Been As Expensive For Parents As Today Extremely high inflation continues. National Retail Federation says that cost of school supplies There will be a 40% increase in 2022, with total projected spending jumping nearly $200 since 2019. Chicago mother of two Ester De Filippo expressed her disappointment Tuesday morning … Read more

Americans file unemployment claims at highest level in 8 months

Washington — Last week the number of Americans applying for unemployment benefits rose to its highest level in more than eight months, which could be a sign that the labor market is weakening. The Labor Department reported Thursday that applications for jobless aid for the week ended July 16 rose to 251,000 from 7,000, up … Read more

Retail sales slip 0.3% in May amid rising inflation

New York — Americans unexpectedly cut their spending in May compared to a month earlier, underscoring that rising inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. US retail sales slipped 0.3% last month from a revised 0.7% increase in April, the Commerce Department said on Wednesday. … Read more

Biden’s denial on the economy assures Americans more pain down the road

In a new sign that inflation won’t subside anytime soon, the producer price index, which logs business costs, up 10.8% Compared to the previous year – closer to the record high set in 1981. those growths mean yet higher future prices for consumers. Even President Joe Biden now admit“We are going to live with this … Read more

Reality Bites Merchants, Memers and Crypt-IoT

Melvin Capital is probably the first — but certainly won’t be the last — hedge fund. put out of business As the market has distanced itself from the cheap money heroin promoting stocks and everything else for more than two years now. Hedge-fund investors, even those who run into train wrecks like Melvin, have a … Read more

Letter to Editor – May 12, 2022

The issue: President Biden claims inflation is caused by the pandemic and the Ukraine war. During the 2020 campaign, President Biden claimed that if elected he would “do his job and take responsibility; I will not blame others” (“Malarkey” 11 May). As for everything else he’s said, he turns on her. Despite the fact that … Read more