Money & The Economy
News on Finance, Money, markets and the economy
Currency War? Cheap Chinese goods about to get cheaper
The Chinese central bank cut the value of the renminbi (yuan) by 1.9% sending other Asian currencies downward and making Chinese exports…
Read More »Treasury Admits Regulation Hurts Business
For years adherents to the Austrian school of economics have been making the case that regulation bars access to economic…
Read More »Why U.S. companies can’t find skilled workers
U.S. companies are reporting that they are increasingly struggling to find workers with the proper skills for the labor market,…
Read More »Wholesale inventories up, sales and consumer data disappoint
Wholesale numbers and credit card data don’t look so good “unexpectedly”. Expectations were for a .3% growth in inventories and…
Read More »TD Ameritrade experienced ‘widespread’ order-routing problems Friday
According to a statement by the office of the President of TD Ameritrade, the brokerage started experiencing widespread order-routing problems on…
Read More »U.S. Jobless claims rise most since February
The top line jobless claims number rose above estimates and to the highest level since February, but that’s not the…
Read More »NYSE floor trading resumed at 3:10pm after a 4 hour outage
Trading has resumed on the floor of the NYSE as of 3:10pm eastern. The re-open occurred after a 4 hour-long…
Read More »NYSE’s Farley says not a hack, floor to be trading between by 3:10pm
NYSE Group President Tom Farley told CNBC that they will be re-opening of trading on the NYSE floor shortly. Farley…
Read More »Greece is given lifeline, but Sunday could be the end
Greek ministers met with the EU, ECB and IMF leaders on Tuesday. The meeting resulted in a short-term loan to…
Read More »Suprise! San Francisco minimum wage hike causes food price hike
San Francisco implemented the first of several minimum wage hikes in May and a research firm has found evidence that…
Read More »Disrespect for Property at Heart of Global Debt Crisis
In the aftermath of Greek voters’ overwhelming rejection of a deal with the European Central Bank, many options are being…
Read More »Greek Finance Minister gives resignation letter [full text]
Greek finance minister Yanis Varoufakis has, according to blog post with his name, resigned. After having kept a broke financial…
Read More »Eurogeddon – Greece gives EU the one finger salute
The polls are in and Greece’s citizens have decided to reject the austerity measures required by European creditors to secure…
Read More »June Unemployment = Cold Porridge
The Bureau of Labor Statistics released the monthly employment situation for June this morning and a mixed top line almost hides…
Read More »BLS June 2015 Employment Situation Report [Full Text]
Transmission of material in this release is embargoed until USDL-15-1274 8:30 a.m. (EDT) Thursday, July 2, 2015 THE EMPLOYMENT SITUATION…
Read More »