Economic News

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—A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration. “My bottom-line message is that I believe more cuts will be appropriate,” Waller said in Paris at the Organization for Economic…

Wells Fargo& Company, as previously announced, will report its fourth quarter 2024 earnings results on Wednesday, Jan. 15, 2025, at approximately 7:00 a.m. Eastern time. In addition to being available on the company’ s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at…

Corporate tax cuts aren’ t necessary— factoring in state taxes, the 25.8% U.S. rate is about average for industrialized countries and lower than in Japan and Germany. Combating that trend would require printing lots of money and inflation, inspiring a midterm election disaster for Republicans and rendering Mr. Trump a crippled lame duck. The U.S. economy has grown…

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Good news on the U.S. economy is back to being bad for Wall Street. While the strong reports on the U.S. job market and business activity were good news for anyone worried about a possible recession, they could also make it less likely the Federal Reserve will cut interest rates. Treasury yields jumped after the reports, and Nvidia and other Big Tech stocks took some…

—Good news on the U.S. economy may no longer be good for Wall Street, and the stock market is feeling pressure on Tuesday from better-than-expected reports on the job market and business activity. One said U.S. employers were advertising more job openings at the end of November than economists expected. But such a solid economy could also make the Federal Reserve…

This new OSHA data has applications for many different sectors that utilize Vertical IQ’ s Industry Intelligence such as insurance, banking, and risk management. This OSHA data is pulled from the Bureau of Labor Statistics database, which reports the incidence rate of injuries and illnesses in each industry by calendar year, broken out by North American…

Michael Barr, the Fed's vice chair for banking supervision, said in a statement that he would step down from his management role by February 28 at the latest– around 18 months before his term was set to expire in July 2026. Barr, who was nominated by outgoing President Joe Biden, said he will remain as a Federal Reserve governor, a role that gives him a permanent vote on…

Date of reporting period: November 1, 2023- October 31, 2024. CLOUGH GLOBAL DIVIDEND AND INCOME FUND. Clough Global Dividend and Income Fund, Clough Global Equity Fund, and Clough Global Opportunities Fund, acting pursuant to a Securities and Exchange Commission exemptive order and with the approval of each Fund's Board of Trustees, have adopted a plan,…

Date of reporting period: November 1, 2023- October 31, 2024. CLOUGH GLOBAL DIVIDEND AND INCOME FUND. Clough Global Dividend and Income Fund, Clough Global Equity Fund, and Clough Global Opportunities Fund, acting pursuant to a Securities and Exchange Commission exemptive order and with the approval of each Fund's Board of Trustees, have adopted a plan,…

“Numerology” tries to find reality within various economic and real estate trends measurements. By the way, that was the year Jimmy Carter, the former US president who died Dec. 29 at age 100, was elected to the White House. Let "s divide 49 years of data into two, using the 30- year fixed mortgage rate tracked by Freddie Mac.

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DALLAS, Texas– Nearshoring to Mexico has yet to fully materialize, according to a new study published by the Federal Reserve Bank of Dallas. The study was authored by Enrique Martínez García, assistant vice president at the Dallas Fed and deputy director of the Global Institute; Luis Torres, senior business economist at the Dallas Fed; and Manuel Sánchez, a…

Permits are in review for the proposed members-only The June Club at the historic Federal Reserve Building at 424 N. Hogan St. in the Downtown North Core with a target date of Jan. 8. June Club founder Britt Morgan-Saks, who relocated to Jacksonville with her family from New York City, had no comment Jan. 3 pending the permitting. Elysium Construction of New York City…

NEW YORK- Stocks fell again Wednesday as Wall Street's slow start to the year stretched into a second day. It was built on expectations that inflation has cooled enough for the Federal Reserve to not only halt its hikes to interest rates but to cut them several times this year. A couple of reports released Wednesday morning indicated the overall economy may…

2025 JAN 03– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in agriculture. We examine these issues with two parallel survey experiments conducted in Canada and the USA. For more information on this research see: When partisanship and technocratic credibility collide: mass attitudes and central bank…