Category Archives: Economics

Economic policies, business, investing, saving, banking, currency

“Goodbye Middle Class: The Percentage Of Wealth Owned By The Top 10% Just Got Even BIGGER”

“….  According to a study that was recently conducted by the Federal Reserve, the percentage of wealth controlled by the top 10 percent of U.S. households has shot up from 60 percent in 1989 to 70 percent today… Deutsche Bank’s Torsten … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , | Leave a comment

“Economic Chaos Erupts! – Global Manufacturing Plunges, The Trade War Expands And The Nasdaq Enters Correction Territory”

” The numbers coming out of Germany are already at a crisis level, and manufacturing is also now contracting in Japan, South Korea and China as well. Overall, global manufacturing as a whole has now fallen into contraction territory for the first time in … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

“The government is threatening big tech — and the market just took notice”

“Investors were most concerned about Facebook and Google parent Alphabet on Monday, sending shares of each down more than 6%. Amazon dropped more than 4.6% and Apple slid 1%. In total, they lost about $130 billion in market value and … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , , | Leave a comment

Big Tech Breakup? “U.S. probe of Google’s online ad dominance…”

“Google’s control over the market has long hurt the profits of smaller advertising technology companies who must appease the No. 1 online ad firm to be profitable, and online publishers who need Google’s search reach and ad tools to build … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , , | Leave a comment

“Every clothing store stock is down for the past month–Mitch Nolen”

“Every clothing store stock is down over the past month, led by a 73.2% decline at J.Jill Inc., notes retail expert Mitch Nolen. J.Jill JILL, -6.08%  stock plummeted 53.5% on Thursday after first-quarter profits and sales fell and the company gave weak guidance… … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , | Leave a comment

Economy: “The Mall Meltdown Continues”

“Retailers’ earnings season has gone from bad to worse. The bleeding intensified last week, with shares of Abercrombie & Fitch plummeting 26% on Wednesday, the biggest percentage decline since the company went public. PVH Corp., owner of brands including Van Heusen, Tommy Hilfilger, and Calvin … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , | Leave a comment

“U.S. Spares China Currency Manipulator Label, Expands Watchlist”

“The Trump administration again refrained from labeling China a currency manipulator on Tuesday, a decision that leaves one of the president’s campaign promises unfulfilled but avoids further escalation in the trade war between the world’s two largest economies. The Treasury … Continue reading

Rate this:

Posted in Economics, News | Tagged , , , , , , , , , | Leave a comment