What happens when there’s slow economic growth and high inflation? Economists call that “stagflation,” and given the slowing growth in the first quarter of 2024 and the higher inflation in February and March, we may be reliving that ghastly economic phenomenon. The new GDP numbers surprised most economists who […]
WASHINGTON (AP) — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of goods and services — decelerated […]
NEW YORK — U.S. markets are far outpacing their global counterparts in 2024, continuing a decade-long trend of strong growth compared with the rest of the world. The S&P 500 is up 10% for the year, compared to just 4% for developed markets outside the U.S. Since 2019 the S&P has gained 48%, compared to […]
ABC reported that almost all the strong economic growth in the country is happening in the Red states, proving to them that warm weather causes economic growth. At least that is the explanation that they are going with. That, and Democratic mayors in Red states are attracting young liberal workers. So Texas is going gangbusters […]
FRANKFORT, Ky. — Fifteen years ago, bourbon barons poured whiskey out on the steps of the Kentucky Capitol to protest a looming tax increase on the spirits industry. On Tuesday, industry leaders reassembled with a bipartisan group of Kentucky leaders to toast the bourbon sector’s record growth. Kentucky’s bourbon industry pumps $9 billion into the […]
Former President Donald Trump suggested that there could be changes made to the Republican National Committee after the South Carolina primary. “Ronna [McDaniel] is now Head of the RNC, and I’ll be making a decision the day after the South Carolina Primary as to my recommendations for RNC Growth,” he posted Monday on Truth Social. […]
Federal Reserve Chairman Jerome Powell warned that the United States government is on an “unsustainable fiscal path” Sunday as the national debt has ballooned to record levels. “In the long run, the U.S. is on an unsustainable fiscal path,” Mr. Powell said in a “60 Minutes” interview on CBS. “… And that just means that […]
It appears that reports of Netflix’s demise have been a tad bit premature. The controversial streaming titan has experienced no shortage of issues and fan complaints of late, with two issues in particular sticking out as sore points. Back in November, as CNBC notes, Netflix announced that it would be raising prices — rough news […]
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