By Robert Romano The U.S. economy shed 353,000 jobs in April in the household survey compiled by the Bureau of Labor Statistics (BLS). This came a month after the first quarter ended with the economy contracting 1.4 percent on an inflation adjusted basis, according to data compiled by the Bureau of Economic Analysis (BEA) . If it contracts again in the second quarter, that will be a […]

By Rick Manning

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By Robert Romano The Federal Reserve on May 4 has increased its key interest rate, the Federal Funds Rate, from 0.25 to 0.5 percent, to 0.75 percent to 1 percent , a half a percentage point, and the highest rate hike since the year 2000. “With appropriate firming in the stance of monetary […]

By Robert Romano Well, that didn’t take long. It has only been a month since the spread between 10-year treasuries and 2-year treasuries — a reliable recession indicator that has predicted almost every recession in modern economic history — inverted on March 31. Now, here we are, and the first quarter Gross Domestic Product (GDP) […]

By Robert Romano “I am told this morning that Apple and Google will remove Twitter from the App Store if it does not moderate and remove hate speech under @ElonMusk. This isn’t a new policy, but a commitment already made. Amazon Web Services has the same commitment. […]

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By David Potter Florida Governor Ron DeSantis recently announced that the State of Florida is exploring legal options against Twitter for an alleged failure to live up to their fiduciary responsibilities to shareholders. Out of 800 million outstanding Twitter shares , the Florida State employees’ pension fund manages 946,960 . DeSantis said that Twitter’s […]

By Robert Romano 30-year mortgage interest rates shot up to 5 percent on April 14 according to the latest data complied by Freddie Mac, as banks adjust to the new normal of high inflation after 8.5 percent consumer inflation and 11.2 percent producer inflation was reported in March by the Bureau of Labor Statistics the past 12 months. That was […]

By Richard Manning Inflation is raging at an annual rate of 8.5 percent up from 7.9 percent last month.  March’s extremely hot price growth of 1.2 percent pushes the nation’s inflation rate to levels not seen since the first few months of the Reagan administration in May, 1981. […]