A new report released today says that 82% of the wealth created in 2017 went to the world’s richest 1%. The report, published by Oxfam International, an advocacy group dedicated to the eradication of world poverty, also estimated that the …
Continue ReadingAs a result of recently passed tax legislation, tech giant Apple said it will be investing $30 billion U.S. facilities over the next five years and create 20,000 U.S.-based jobs. The company says it will also be paying $38 billion …
Continue ReadingOver 160 companies have announced that they are either giving bonuses to their employees, raising their wages or otherwise sharing the benefits that the companies will realize from the GOP’s tax overhaul package passed last month. But Democratic House Minority …
Continue ReadingA majority of a group of economists surveyed recently said that President Trump has been either “somewhat” or “strongly” positive in terms of job creation, economic growth and rises in the stock market in the U.S. The group was interviewed …
Continue ReadingCarrier, a heating and air-conditioning system manufacturer has announced the layoff of 215 employees in its plant in Indianapolis. The company’s jobs numbers were thrust into the spotlight after President Trump visited the plan in 2015. The company had announced …
Continue ReadingA majority of respondents to a new survey said they believe the GOP tax package passed last month will benefit the wealthy the most. Sixty-six percent of those polled in a Quinnipiac University poll released yesterday said the wealthy …
Continue ReadingWalmart announced today that it is closing 63 Sam’s Club stores. The move will affect some 11,000 employees in the US, who will be laid off. Employees and customers say the move came suddenly. Some stores stopped business today, …
Continue ReadingThe White House has announced that President Trump will attend the World Economic Forum in Davos, Switzerland later this month. The forum is an elite meeting of the world’s most powerful political and economic leaders.
US presidents typically don’t …
Continue ReadingPresident Trump told the American Farm Bureau Federation’s annual convention that he has signed two executive orders expanding the reach of broadband internet access and to support broadband tower facilities in rural America on Monday. “Those towers are going to …
Continue ReadingThe list of US companies now giving bonuses to their employees because of the GOP tax plan passed last month now tops 100, according to the conservative Americans for Tax Reform. Most of the expenditures are in the form of …
Continue ReadingThe US economy added 250,000 jobs last month beating estimates of 190,000 in a jobs report released this morning. It was the strongest month of job creation since March 2017.
Professional and business services accounted for the most job gains …
Continue ReadingThe Dow Jones Industrial Average was traded above 25,000 for the first time ever early on Thursday, breaking another record. The new height comes just five weeks after its first every close above 24,000. The index broke through five 1,000-point …
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