Sign in Subscribe

Economy

Surprisingly Strong Hiring Sends Bond Yields Higher, Highlighting the Resilience of the U.S. Economy

The latest jobs report from the U.S. Bureau of Labor Statistics has shown that the U.S. economy added 531,000 jobs in September, shattering investors' expectations and sending bond yields higher1. Here are the key takeaways from the article: The Jobs Report * The U.S. economy added

New Data Reveals a Crash Not Seen Since Great Depression Could Hit in 2024, Highlighting the Need for Government Spending Cuts

New data indicates that a gigantic economic crisis could be right around the corner, with one important economic indicator flashing that hasn't appeared since the 1930s, during the height of the Great Depression123. If the White House and Congress do not cut inflation-causing government spending soon, the results

75,000 Union Health Care Workers at Kaiser Permanente Go on Strike, Calling for Increased Staffing Levels in the Midst of a 'Short-Staffing Crisis

More than 75,000 Kaiser Permanente employees walked off the job on Wednesday in what their union representatives say is the largest strike of health care workers in U.S. history12456. Here are the key takeaways from the article: The Strike * The strike is a coalition of labor unions representing

China's Arctic Ambitions: A New Silk Road on Ice?

China is gaining a long-coveted role in the Arctic as Russia yields to its growing influence in the region. The Wall Street Journal reports that China is taking advantage of Russia's isolation over the Ukraine invasion and shipping more oil east through polar routes. This move is allowing

White House prohibits official travel to fossil fuel conferences

The White House National Security Council (NSC) has issued guidance prohibiting senior administration officials from traveling for international energy engagements that promote carbon-intensive fuels, including oil, natural gas, and coal, according to an internal memo obtained by Fox News Digital1. The memo, authored by Deputy Secretary of Energy David Turk,

BlackRock's Rick Rieder believes the Federal Reserve will hike interest rates again

BlackRock's fixed income chief, Rick Rieder, believes that investors should believe the Federal Reserve's statement that it will hike interest rates again1. Rieder thinks that the Federal Reserve can stop raising interest rates, but it probably won't1. He expects central bank officials to follow

Labor Unions Gain Power as Strikes Multiply and Workers Score Wins

The U.S. has lost seven million workdays to walkouts so far this year, the most in more than two decades2. Labor unions are exerting clout not seen in decades, winning big pay increases and better benefits in industries beset with worker shortages4. The strikes are working, and Americans are