The U.S. added 49,000 jobs in January and downward revisions to the prior two months subtracted an additional 159,000 from payrolls. Economists polled by The Wall Street Journal had expected a 55,000 gain. See: U.S. just gains 49,000 in January with labor market still under acute stress Below are some …
Read More »
Economists and other analysts were sounding off Monday following news that President-elect Joe Biden has selected former Federal Reserve Chairwoman Janet Yellen to lead the Treasury Department. Biden plans to nominate Yellen, said a Wall Street Journal article citing unnamed sources, and other news outlets also reported that she was …
Read More »
“Do you understand NOW!!??!!?? Or is it still blurred to you??” That was LeBron James, one of many people outraged by the death of a black man in Minneapolis police custody on Monday, after a video went viral showing a white officer kneeling on the man’s neck for several minutes …
Read More »
‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
Read More »
The phone is ringing off the hook. The stock market is down significantly, and everyone wants to have answers. The only thing for me to do is dig in and talk to every client. Was this Monday? No this was Monday Sept. 29, 2008. Over the course of a 30-year …
Read More »
Reading Time: 2 minutes The coronavirus has officially made its mark in the United States with the Centers for Disease Control reporting its first case of human-to-human transmission. So what does that have to do with your mortgage rates? That news from the CDC caused the Dow to drop by …
Read More »