March 06, 2020 United States: U.S. Jobs Engine Braces for Virus Hit After Steady February “America’s streak of robust job gains is being threatened by a spreading coronavirus that’s roiling financial markets and may exact a growing toll on the U.S. economy. Friday’s employment jackmillion.org report is projected to show payrolls increased 175,000 in February,
March 5, 2020 Brent Oil Brent oil prices decreased by 14.21% or US$8.27, as prices fell this week relative to the prior week. Oil traded on March 05, 2020 at a price of US$49.91 per barrel relative to US$58.18 on February 27, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
March 05, 2020 United States: Le Maire Warns Against EU-U.S. Trade Escalation Given Virus Hit “French Finance Minister Bruno Le Maire said it’s even more important for Europe and the U.S. to solve its trade dispute given the threat to the global economy from the coronavirus. He told a French senate hearing that an escalation of tariffs
March 04, 2020 United States: U.S. Steel Mill Finds a Savior in China But Rivals See a Trojan Horse “Along the industrial corridor that bends with the Ohio River north and west of Pittsburgh, the future looked bright for hundreds of new blue-collar jobs when Allegheny Technologies Inc. and China’s Tsingshan Holding Group Co. announced they
March 03, 2020 United States: U.S. Hits Back at China, Orders Media Outlets to Slash Staff “The Trump administration ordered four Chinese state-owned news outlets to slash the number of staff they have working in the U.S., part of a broader response to Beijing’s restrictions on American journalists including its expulsion of three Wall Street
February 28, 2020 United States: Democrats Urged to Heed Payday Debt Problem in South Carolina "In the 20 minutes it takes Reverend Brenda Lynn Kneece to drive from her home in Columbia, South Carolina to her church about 15 miles north, she passes by at least two dozen billboards and businesses offering payday loans. Lynn
February 27, 2020 United States: Sales of New U.S. Homes Reach Highest Level Since July 2007 “New-home sales in the U.S. jumped at the start of the year, reaching the strongest pace since mid-2007 on the heels of cheaper borrowing costs, favorable weather and a resilient labor market. Single-family home sales rose 7.9% to a
United States: Trump Says Markets Are Down Over Bernie Sanders Worries “President Donald Trump said Democratic presidential front runner Bernie Sanders is advocating “totally unaffordable” policies that are “not going to work” during a meeting with business leaders Tuesday at the U.S. embassy in New Delhi. “When we win re-election - I think we will - when
February 24, 2020 United States: Global Safety Rush Puts U.S. Yields Within Sight of Record Low “Traders are preparing for the worst as the coronavirus spreads across national borders, stoking fears about its economic impact. Investors snapped up U.S. Treasuries, sending the yield on 10-year securities to the lowest level since 2016 and within 10
February 21, 2020 United States: Farmers Are Not Ready to Buy Tractors Despite Trump China Trade Deal “Farmers aren’t ready to heed Donald Trump’s advice to buy bigger tractors after his initial trade deal with China. More than half of U.S. farmers plan to spend less on capital equipment this year, and only 13% plan
