Is the U.S. services sector beginning to cool off? After being red hot, the latest data suggest that the services industry is showing signs of slowing down, with business activity, new orders, and employment sliding. Prices are also coming down. The Institute for Supply Management’s Services Purchasing Managers’ Index — a general trend of where […]
WTF? Job openings return back above 10 million
In April, the number of job openings climbed back above ten million. According to the Bureau of Labor Statistics (BLS), job openings increased to 10.103 million, up from an upwardly revised 9.745 million. This beat the consensus estimate of 9.375 million. Job quits maintained its downward trend, coming in at 3.793 million, down from 3.842 […]
Woke corporations see stocks tank heading into Pride month
What a way to enter Pride month. As the United States braces for millions of Americans walking the streets naked or wearing BDSM gear in front of children, companies that are embracing this lifestyle are going broke. Here is a look at some of the stocks that are tanking in the middle of the trading […]
Treasury’s cash balance sinks below $39 billion as Janet Yellen pushes debt ceiling deadline to June 5
An interesting thing happened on the way to a potential default on the US debt. Treasury Secretary Janet Yellen confirmed in a letter to House Speaker Kevin McCarthy that the federal government would be unable to pay its bills as of June 5 if the debt limit is not raised or suspended. “Based on the […]
U.S. money supply contracts for fifth straight month, still 33% higher than before pandemic
The printing press is grinding to a halt. According to fresh data from the Federal Reserve, the nation’s money supply continues to contract. In April, the M2 money stock print tumbled nearly five percent, representing the fifth consecutive contraction, which is the first time since the Fed launched the series. Despite the substantial decline, the […]