Tag: economy
-
Regaining some lost ground
Regained some lost ground last week, possible class action law suit brewing for Hoegh LNG Partners, employers increasingly looking towards vaccine mandates, companies hoarding cash, and much more!
-
Inflation remains a lingering problem
I wish the federal government would back off a bit. Then we might know exactly where we stand. Eviction and foreclosure moratoriums, a $1 trillion plus infrastructure bill, and now a $3.5 trillion budget blueprint will only cloud things on this economy. The Labor Department reported Wednesday that its consumer-price index rose 5.4% in July from a…
-
Unemployment drops to 5.4% on strong jobs report
U.S. nonfarm payrolls rose by a seasonally adjusted 943,000 in July, from June’s upwardly revised gain of 938,000, the Labor Department said Friday. The July jobs increase was the largest since August 2020. The unemployment rate, derived from a separate survey of households, fell to 5.4% in July from 5.9% in June. The number of Americans working…
-
Orders for durable goods increased in June
Consumables are declining while durable goods are increasing. Kimberly Clarke reported reduced sales and now Lysol has done the same. Seems like the money pile keeps moving from one sector to another. New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May,…
-
Inflation continues to weigh on companies and consumers
I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter after quarter after quarter, there are…
-
The Yield – Week ending June 25, 2021
Microsoft unveils Windows 11, consumers spending flat but shifting sectors, Whitehouse reaches deal on spending?, short sellers avoid financial stocks, and more