Economy

U.S. households flush with cash from stimulus checks, booming stock markets and enlarged home equity have felt like spending freely again — a lot. And since consumer demand drives much of the U.S. and global economies, high demand has brought goods shortages to the U.S. and much of the world.

With everything going on presently, including people losing their jobs because businesses, like restaurants for instance, have been forced to close to quell the spread of the coronavirus, many are thinking about how to hold onto their money and how they will pay their bills during such an uncertain time. Any other concerns, at this point, […]

Millions of Americans holed up at home against the coronavirus Monday, with many of them thrown out of work until further notice, as authorities tightened the epic clampdown and the list of businesses forced to close across the U.S. extended to restaurants, bars, gyms and casinos. LIKE US ON FACEBOOK. FOLLOW US ON INSTAGRAM & TWITTER. SUBSCRIBE TO OUR YOUTUBE. […]

We heard a lot of talk about bad economic news last week.   “Recession” seemed like the word of the week last week. And it can be a word that causes people a lot of anxiety. This morning, I want to make sure our listeners understand what is going on in the economy, and how to […]

The economy is doing extremely well, some say it’s because of the policies the Obama Administration put in place. Others, who DL says are wrong, believe it has a lot to do with Donald Trump. There are 10 cities where most of the new jobs are coming from. They are, Austin, San Jose, Nashville, San Antonio, […]

This morning we are talking about the stock market again. What’s on tap today? Saturday marked a big day. On March 9, the current stock market run turned 10. Ten years ago in March of 2009, the financial crisis and the resulting Great Recession were in full swing. The financial system was destabilized, the economy […]

NEW YORK (AP) — Americans buoyed by a strong economy pushed holiday sales growth to a six-year high. Retail sales rose 5.1 percent between Nov. 1 and Dec. 24 from a year ago, according to Mastercard SpendingPulse, which tracked spending online and in stores across all payment types, including those who paid by cash or […]

Millennials are more likely to live at home with their parents than any other living arrangement. Studies show that one third of young adults have moved back in with their parents to save money. This living arrangement has caused the young adults to be depressed and is making their parents miserable. Don’t Miss Out! Follow […]

DETROIT (AP) — General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles, the automaker announced Monday. The reductions could amount to as much as 8 percent of […]

Today we are talking about the economy? The numbers looked good last quarter. What is driving it? The economy certainly seems to be in high gear at the moment.  On Friday, the Commerce Department reported that gross domestic product – a figure that measures goods and services produced in the economy – grew 4.1 percent in […]

WASHINGTON (AP) — An early December government shutdown is a real possibility since a divided Congress can’t agree on military spending, Democrats insist on help for young immigrants and President Donald Trump’s position can change with each lawmaker he talks to. Most of Washington is focused on overhauling the nation’s tax code, but lawmakers face […]

  The monthly jobs report was released Friday. What did we learn?  According to the report, the labor market rebounded in October in the wake of the hurricanes, and continues to be strong. Employers added 261,000 workers last month, and with the number of jobs added in September revised from a loss to a gain […]