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 […]
Money
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 […]
Manufacturing recession deepens as S&P Global PMI returns to contraction in May
The U.S. government is investing hundreds of billions of dollars in manufacturing by giving taxpayer money to domestic and foreign corporations to build green battery plants. So far, it does not seem to be taking the manufacturing industry out of a recession. Case in point, the S&P Global Manufacturing Purchasing Managers’ Index (PMI). Despite an […]
Treasury’s cash balance plummets 16% in one day, falls below $58 billion amid debt ceiling impasse
The U.S. Treasury Department’s bank account keeps dwindling. According to the latest Daily Treasury Statement (DTS), the Treasury General Account (TGA) Opening Balance for May 19 was $57.341 trillion, down from $68.332 billion on May 18. Remember, the cash balance at the beginning of the month was a little more than $316 billion. Fun times […]