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US extends reprieve to Huawei by another 90 days

US extends reprieve to Huawei by another 90 days

Huawei, China’s foremost telecom business, has been given another extension to do business with US companies, according to Department of Commerce (DOC) Secretary Wilbur Ross. Huawei which was black listed on the US DOC ‘entry... 
Will We Finally See A FED Tax Rate Cut?

Will We Finally See A FED Tax Rate Cut?

Another week begins, and with that we have yet more news regarding the Federal Reserve and whether or not we can expect to see a rate cut.  Experts are now saying that the interest rate cut is more likely than ever and,... 
Fed Interest Rate Cut Causes Concerns

Fed Interest Rate Cut Causes Concerns

The Federal Reserve has cut interest rates by a modest 0.25 percentage points and has managed to concern nearly every sector of the economy. The small small-but-wealthy slice of the population that makes its money buying and selling... 
June Retail Sales Top Expectations

June Retail Sales Top Expectations

U.S. retail sales beat expectations in June, surprising many economists. According to a report from the Commerce Department, retail sales rose 0.4 percent last month. Economists had forecast retail sales rising 0.1 percent in... 
US Factory Activity Softening In Tight Global Market

US Factory Activity Softening In Tight Global Market

A reliable gauge of US factory output fell this month to its lowest levels since late in 2009, hovering around that important threshold between expansion and contraction.  This is the latest of many signals that the... 
New Rules End SALT Cap Workarounds

New Rules End SALT Cap Workarounds

The Treasury Department and IRS has issued final regulations aimed at workarounds designed to help residents circumvent the $10,000 limit on state and local tax (SALT) deductions. The limit has been one of the most controversial... 
Rising Tariffs Beginning To Affect Dollar Stores

Rising Tariffs Beginning To Affect Dollar Stores

Two of the largest U.S. dollar store chains told analysts on their post-earning calls that they may have to raise prices if another round of tariffs on imports from China goes into effect. Executives from both Dollar Tree Inc.... 
Trump’s China tariffs are an effective negotiating tool, tweets Goldman Sachs former CEO

Trump’s China tariffs are an effective negotiating tool, tweets Goldman Sachs former CEO

China and the US are at a stalemate on trade agreements right now between the two countries because of President Trumps tariffs on China’s goods imported into the US.   For about a week now the US import tariffs... 
Iran’s Oil Minister Warns Opec Is Likely To Collapse

Iran’s Oil Minister Warns Opec Is Likely To Collapse

In a statement made on Thursday, May 3, 2019, Iran’s Oil Minister, Bijan Zangeneh said that the Organization of the Petroleum Exporting Countries (OPEC) is likely to collapse due to some of its members going against their fellow... 
New North American Trade Agreement Debates Continue

New North American Trade Agreement Debates Continue

Roughly six months ago, President Trump announced that the United States had struck a new trade deal with Mexico and Canada. Today, the revamped trade agreement – called USMCA for the United States, Mexico and Canada Agreement... 
Oil May Drop To $40 If Deal By OPEC Deal Is Abandoned

Oil May Drop To $40 If Deal By OPEC Deal Is Abandoned

Russia and the Organization of Petroleum Exporting Countries (OPEC) may choose to increase oil production due to more evidence showing that the global oil markets are continuing to be altered by US oil production. This announcement... 
Retail Sales Start the Year Strong After A Rough Holiday Season

Retail Sales Start the Year Strong After A Rough Holiday Season

According to the United States Commerce Department, retail sales surged through March; and it did so at the fastest pace since the end of 2017.  Apparently, numbers for automobiles, fuel, and clothing all shot upward.  Overall,... 
Weekly Initial Jobless Claims in the US Drop to Lowest Levels in 50 Years

Weekly Initial Jobless Claims in the US Drop to Lowest Levels in 50 Years

The number of American workers filing for unemployment benefits, in early April, fell below 200,000 for the first time in fifty years.  And, of course, economists are now saying this is the latest sign that the labor...