The U.S. financial markets recorded their third consecutive weekly loss. Despite a “goldilocks” August jobs report, investors were hitting the sell button after lunch. Here is a rundown of what happened by the end of the trading session: Dow Jones Industrial Average: -1.07% to 31,318.44 S&P 500: -1.07% to 3,924 Nasdaq: -1.31% to 11,630 Ten-year […]
Money
White House says Joe Biden has created ‘ten thousand million jobs’ since 2021
President Joe Biden’s administration has created more jobs than there are people on this planet. According to White House Press Secretary Karine Jean-Pierre, the U.S. economy has “created nearly ten thousand million jobs since President Biden took office.” Here is the clip: Jean-Pierre: "We have created nearly ten thousand million jobs since President Biden took […]
7.5 million Americans working multiple jobs amid rampant inflation
The August jobs report was in the goldilocks zone. It was neither too hot or too cold. Last month, the U.S. economy added 315,000 new jobs, topping the market estimate of 300,000. The unemployment rate rose to 3.7%, up from 3.5% in July. In addition, the Bureau of Labor Statistics (BLS) revised its June and […]
LET’S GO BRANDEAU: Is the Freedom Convoy igniting a mini bank run in Canada?
Is Canada getting ready for a miniature bank run? In recent days, there have been rumblings that Freedom Convoy protesters would be taking their money out of the bank in response to Prime Minister Justin Trudeau’s big-government efforts to crack down on peaceful protests he disagrees with. While there had been discussions for next week […]
Turkish lira holds firm against U.S. dollar as markets brace for interest rate decision
The Turkish lira is strengthening ahead of the central bank’s January policy meeting. Turkey’s Monetary Policy Committee is scheduled to meet on Tuesday. Economists are anticipating that officials will refrain from cutting interest rates once again, leaving the benchmark one-week repo rate at 14 percent. This has allowed the lira to gain about 0.6 percent […]