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, […]
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 […]
A family is struggling to get their small business started after they say they paid for a monthly subscription with “Yelp for Business” but are not getting their reviews published. Jamie Torres has been working at his wife’s family business in Midway City since last November when they opened 3-k autobody and repair. A spokesperson […]
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, […]
CANOGA PARK (CBSLA) – Officials with the Los Angeles Police Department announced Friday that they were searching for two suspects that stole a pair of exotic birds from a business in the Canoga Park area. The suspects broke into the business, located in the 21700 block of Sherman Way, by removing a glass door in […]
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 […]
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 […]
GREAT FALLS — Darren Smith of Great Falls isn’t wasting his time when it comes his new business venture – in fact, he may have the scoop on an innovative idea – cleaning up dog waste in yards. “A gentleman up in New York has been pooper-scooping for 20 years. Missoula has two or three,” […]
Last March, the coronavirus pandemic hit, and the serial entrepreneur Mike Landau found himself spending nearly every minute of every day inside his Long Island home with his wife and five daughters. He had new responsibilities, he told me: worrying about everyone’s health, supervising Zoom school, cleaning up Barbies, trying to keep their home from […]
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 […]
