If Citigroup, one of the world’s largest banks, is any indication, women earn 29% less than their male counterparts. It also revealed that only 37% of its managerial jobs were held by females.
Sometimes it takes a while, but financial markets almost always test a new incoming Federal Reserve Bank Chairman. On Wednesday, Jerome Powell faced his test and passed with flying colors. Of course, a glance at the stock market averages at the end of the day on Wednesday, would have the casual observers scratching their heads.
There was a time, not long ago, when most Americans would answer that question in the affirmative without much thought. It was one of those “truisms” that we didn’t give much thought. But today, many experts are debating that answer. Back in the day, after WW II, our military prowess, (aided by the development of the atomic bomb) was unquestioned throughout the world. Growing up, it was never a question of spending on defense for me, it was simply how much. Republicans wanted more, Democrats wanted less. Today, not only is the amount of spending crucial but also its predictability…
Nurses save more, work more, and sock more money away than the general population. It also so happens that they love what they do. Is there a connection?
Pet ownership in America is well over 50%. Nine out of ten of these owners view their pet as part of the family. As such, dollars spent on traditional pet ownership areas such as food, veterinary needs and boarding have expanded to include things like exercise and travel. For more and more Americans, that trend has grown to include what cars we purchase.
Tariffs on $34 billion in Chinese imports were imposed, as expected, last week. China responded with $34 billion of their own tariffs on American imports. So far, this has been a zero-sum game. The question that investors are asking is whether or not the trade war will escalate.
It’s been over ninety degrees for days. If you are like most of us, it’s a bit harder to give it your all at work, even if you have an air-conditioned office job. Now imagine the same thing happening to millions of workers all over the nation.
What’s up with the dollar? The greenback is strengthening and is having its best quarter since 2016 against an array of foreign currencies. Is this an accident, or is it something far more dangerous?
Over half the economists on Wall Street believe that by the end of 2020 we will experience our first economic downturn in years. If so, when might you begin to prepare for a rocky two-year period for all of us?
Opioids are killing us. Both literally, as well as from an economic point of view. The economy has already suffered over $1 trillion in lost potential and those losses appears to be growing by the hour.
In today’s world, talk of tariffs is part of daily news headlines. Politicians use terms like “free” and “fair” almost interchangeably in discussing trade to justify their position for or against tariffs. Maybe it’s time to review the difference between the two concepts.
Last week’s spur of the moment announcement by President Trump that he plans to implement a 25% tariff on steel and 10% on aluminum imports sent the world into a tail-spin. This week, the world fired back and everyone from the Republican Party to the European Union is threatening dire consequences if the President follows through with his proposal.
The markets are in a funk. Concern that Trump’s tax cut will be too much, too late, has investors riled up. But there may be a flip side to this argument that bears watching.
If you were watching television this Thursday, you may have caught the launching of a low-orbit Spanish government-commissioned satellite launched from Vandenberg Air Force Base in California. The difference between today and 25 years ago is that it was a private company called Space X, rather than NASA, that made it happen. For old guys like me, space exploration was a big deal while growing up. Americans my age cheered and cried as the U.S. raced for space from the tragic death of the crew of Apollo One in 1967, to the first moon walk in 1969 (and no, I…
Earlier this week, three of the country’s most influential corporate titans sounded a call to battle. Given the inaction of our government, these modern-day musketeers are preparing to storm the battlements of sky-rocketing health care costs.
It is the guiding principle behind the Trump Administration, but to “Make America Great Again” the U.S. may have to break some eggs. Are you ready for that?