You may not like what I’m about to say, but the data doesn’t lie: Stock market crashes happen frequently, whether we want them to or not. Since the beginning of 1950, the benchmark S&P 500 (SNPINDEX:^GSPC) has undergone 38 double-digit percentage declines. Put in another context, we’re talking about a crash or correction, on average,...Read More

A dearth of workers is slowing our recovery from the economic devastation wrought by COVID-19. Overly large unemployment insurance checks, an expanded welfare state and immigration restrictions have reduced the supply of willing workers. There are 9.2 million job openings nationwide and 9.3 million people unemployed. As a result, employers are hiking prices faster than...Read More

This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Time to Speed Up a Digital Dollar Morning BriefingAug. 5: The U.S. Federal Reserve is studying the idea of a digital dollar to death. It is currently collecting public comments on the potential costs, benefits,...Read More

Nonfarm Payrolls rise 943,000 in July, revisions add 31,000 in May and 88,000 in June. Unemployment Rate falls to 5.4%, underemployment to 9.2%. Treasury yields, the dollar and stocks levitate, Dow S&P 500 at records. Federal Reserve comments on bond taper appear prescient. Hiring in the US has nearly doubled in the last two months in...Read More

Pulaski County Circuit judge Tim Fox issued a preliminary injunction against the law that Governor Asa Hutchinson signed in April banning mask requirements by governmental entities. The ban was being challenged by two lawsuits, including one from a district where more than 800 staff and students are quarantining because of a coronavirus outbreak. Fox ruled...Read More

Held under the gleaming and sinuous curves of China Railway Qingdao Expo City, this year’s Multinationals Summit exceeded all expectations, with 10,000 people attending online and in person. Buoyed by the success of the inaugural summit in 2019, this year’s event attracted business executives from 390 Fortune 500 companies, diplomatic envoys to China from 15...Read More

by: PAUL WISEMAN, Associated Press Posted: Aug 6, 2021 / 12:17 AM EDT / Updated: Aug 6, 2021 / 12:36 AM EDT A shopper passes a hiring sign while entering a retail store in Morton Grove, Ill., Wednesday, July 21, 2021. Despite an uptick in COVID-19 cases and a shortage of available workers, the U.S....Read More

New York, August 5 (Xinhua)-The US dollar fell in late Thursday trading as market participants digested the country’s unemployed bills. The dollar index, which measures greenbacks for the six major peers, decreased 0.02 percent at 92.2534. In the second half of New York trading, the euro fell from $ 1.1838 in the previous session to...Read More

WASHINGTON—The U.S. trade deficit widened to a record in June as the resurgent American economy drove strong demand for foreign-made goods. The foreign trade gap in goods and services expanded 6.7% from May to a seasonally adjusted $75.7 billion, the Commerce Department said Thursday. Imports climbed 2.1% to $283.4 billion, also a monthly record. Exports...Read More

Elisabeth Braw is a resident fellow at the American Enterprise Institute. Last week, an oil tanker traveling through the Gulf of Oman was struck by a suspected kamikaze drone, killing two crew members. And yesterday, several vessels traveling through the nearby Strait of Hormuz reported sudden emergencies, while another was boarded by operatives suspected of...Read More