March 29, 2024

Breitbart Business Digest: Jerome Powell Plays Rate Cut Santa Claus

This Is What It Sounds Like When Doves Laugh “It would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease.” Fed Chairman Jerome Powell spoke those words on December 1 at a fireside chat at Spelman College. The markets rejected that idea

Nolte: Fake Media Blame Record Suicide Rate on Guns

A record number of nearly 50,000 Americans took their own lives last year, and naturally, the media blame firearms. A main “driver” of suicide is “the growing availability of guns,” Jill Harkavy-Friedman, senior vice president of research at the American Foundation for Suicide Prevention told the Associated Press. Here’s the “logic” from the far-left AP to

Carney on ‘Kudlow’: Wall Street Is Fooling Itself by Betting on Fed Rate Cuts

The stock market is still “at loggerheads with the Fed” thinking the central bank will cut interest rates this year instead of hiking them in response to persistently high inflation, Breitbart Economics Editor John Carney said in a Friday interview with Fox Business host Larry Kudlow. “Stocks are pricing in interest rate cuts as we

Tokyo unveils egg-freezing fund for women, fears historic low birth rate has Japan ‘on the brink’ of crisis

Tokyo will start to subsidize egg freezing for women residents in a bid to reverse a catastrophically low birth rate in Japan. “We recognize that the falling birthrate is a critical situation,” said Yoshihiko Isozaki, a deputy chief cabinet secretary, in a briefing Tuesday. “My understanding is that various factors are intricately intertwined, preventing individuals […]

UK Disposable Income to Fall at Fastest Rate in History as ‘Conservatives’ Push More Taxes

Real household disposable income is likely to fall by over seven per cent over the next two years in Britain, despite claims from finance minister Jeremy Hunt that his budget will bolster the economy. According to the Office for Budget Responsibility (OBR), real household disposable income will see the steepest decline in recorded history over the

EXCLUSIVE: BLM PAC Paid Nearly Triple The Market Rate For Disastrous Live Stream Event, Industry Experts Say

Black Lives Matter PAC, which was founded and led by Patrisse Cullors, paid an art company run by the father of her only child $148,300 to co-produce a live stream in November, records show. It was mired with technical issues. The owners of two video production companies told the Daily Caller News Foundation that they…

CNN’s Cuomo on NYC School Closure: ‘Why Close the Schools?’ ‘What’s Magic’ about a 3% Positivity Rate?

On Thursday’s broadcast of CNN’s “Cuomo Primetime,” host Chris Cuomo criticized New York City’s closure of schools by wondering, “The rate in the city is 3%. What’s magic about 3%? The rate in the schools is .17%. Why close the schools? Why not close everything else before you close the schools?” Cuomo said, “I am…

CNN Poll: Overwhelming Majority of Americans Rate the US Economy Positively, And Yet…

A new CNN poll contains a significant data point that ought to be very good news for President Trump and the Republican Party.  Under their stewardship, the US economy is thriving.  Americans recognize the progress and are increasingly inclined to credit the GOP for it.  In the new survey, fully 69 percent of respondents rate […]

201,000 Jobs Added in August, Unemployment Rate Remains at 3.9%

Total nonfarm payroll employment grew by 201,000 in August, an increase from last month’s downwardly revised reading of 147,000, according to the Bureau of Labor Statistics. The national unemployment rate remained at 3.9%. Private service-providing industries gained 178,000 jobs, led by professional and business services and education and health services, which both added 53,000 jobs. […]

Hispanic Unemployment Rate Reaches Record Low Two Months in a Row.

The Bureau of Labor Statistics reported Friday the Hispanic unemployment rate sunk to a record low in the month of July — marking two consecutive months where this figure hit all-time lows. The Hispanic unemployment rate dropped from a previous record of 4.6 to 4.5 percent in July. President Donald Trump has made job creation for […]

US Economy Grew At 4.1 Percent Rate In Second Quarter Of 2018

The U.S. economy grew at the strongest rate in roughly four years in the second quarter of 2018, matching economists’ high growth expectations heading into Friday’s announcement. Gross domestic product — the total value of all final goods and services in the U.S. economy — grew at a 4.1 percent rate in the second quarter, […]

Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate.

The June jobs report has a lot of rosy details in it. For instance, Hispanic unemployment is at a new low, according to the Bureau of Labor Statistics. In June, the unemployment rate for Hispanics and Latinos, aged 16 and up, was 4.6%, down from its May level of 4.9%. Before June’s record, the lowest […]

TRUMP BOOM: Record-Low Unemployment Rate As Economy Picks Up 223,000 Jobs.

On Friday, President Trump hinted that a solid jobs report was forthcoming: Looking forward to seeing the employment numbers at 8:30 this morning. — Donald J. Trump (@realDonaldTrump) June 1, 2018 This violated a longstanding taboo against the president biasing the markets in advance of the report’s release. But Trump wasn’t wrong to be excited, […]

Unemployment Rate Drops to 3.9 Percent–The Lowest on Record Since December 2000.

U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about a possible trade war. Job growth amounted to a decent 164,000 last month, up from an upwardly revised 135,000 in March. The unemployment rate fell […]

Venezuela Banned Guns. Now Their Murder Rate Is Skyrocketing.

Want an example of how dangerous gun prohibition for citizens can be? Try Venezuela, where since April 2017 at least 163 pro-democracy protesters have been murdered by the Maduro dictatorship. In 2012, the Venezuelan National Assembly, which was dominated by communists, passed the “Control of Arms, Munitions and Disarmament Law.” The bill was clear that […]

The US economy created 103,000 jobs in March; Unemployment rate remains at 4.1 percent.

President Trump has focused heavily on tariffs, which worries some employers. (AP Photo / Susan Walsh) The US economy created 103,000 jobs in March, the Bureau of Labor Statistics reported on Friday. The unemployment rate remained at 4.1 percent and wage growth rose slightly by 2.7 percent from March 2017. There is now a job […]

Look at the Crime Rate in This US Town Where Guns Are Required by Law.

There’s One US Town Where Guns Are Required by Law While many politicians are scrambling to curb the Second Amendment rights of Americans in an effort to ensure public safety, one U.S. town has had the opposite approach for decades: require all residents to have a gun. According to local law in Kennesaw, Georgia, “every […]

Prosperity: January Jobs Report Beats Expectations With 200K Jobs Added, Wages Grow at Fastest Rate in Years.

Somewhere, Nancy Pelosi is chewing the inside of her cheek as she glares icily at a life-size Donald Trump ‘FatHead’ decal she’s plastered onto the ceiling over her bed.  Yes, friends, the news for the US economy and American workers is that good.  In all seriousness, the January jobs report isn’t a blockbuster, but it’s […]

Black unemployment rate falls to record low.

The Bureau of Labor Statistics reports 6.8 percent unemployment rate for black workers in December, the lowest in the 45 years the data has been tracked. Unemployment overall was 4.1 percent. Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment […]

BREAKING: Somali Refugees Arriving in U.S. at Highest Rate Ever in First Two Months of FY 2017

Somali refugees are arriving in the United States at the highest rate ever in the first two months of Fiscal Year 2017, according to the State Department’s interactive website. Between October 1, 2016, the beginning of the fiscal year, and December 7, 2016, a total of 2,775 Somali refugees have arrived in the United States. […]

Cuban-Americans Voted for Trump at Higher Rate than ‘White’ Americans

While “White” American voters supported Trump at a rate of 56%, Cuban American voters went for the Republican candidate at a rate of 58%–or perhaps even higher. Gosh? What could possibly account for such deplorable behavior? Well, if the quip “you had to be there” applies anywhere, it’s in explaining the voting habits of Americans […]

The Black Lives That DON’T Matter To The Left: Chicago Murder Rate Among Blacks Skyrockets

While the Left continues to stand on the graves of African-Americans who have died in officer-involved shootings, every week in Chicago there are dozens of new graves for blacks, particularly young black males, largely ignored by Black Lives Matter activists and Democratic leaders. The reason, of course, is the anti-police “systemic racism” narrative, which the devastating facts involving gang violence and black-on-black crime in […]

China Buying American Companies at Record Rate

From the Business Insider: Here’s a story you’ll be hearing about a lot this year. Chinese companies have been buying up foreign businesses — including American ones — at a record rate, and it’s freaking out lawmakers. There is General Electric’s sale of its appliance business to Qingdao-based Haier, Zoomlion’s bid for the heavy-lifting-equipment maker Terex Corporation, […]

Unemployment Rate Reported at 5 Percent — but Here’s the Other Key Number Left Out of Many Reports

WASHINGTON (AP) — U.S. hiring roared back in October after two weak months, with employers adding a robust 271,000 jobs, the most since December. The unemployment rate dipped to a fresh seven-year low of 5 percent. The burst of hiring across a range of industries came as companies shrugged off slower overseas growth and a […]

94,513,000 Americans Not in the LABOR FORCE; Participation Rate Again Matches 38 Year Low

The number of Americans not participating in the work force exceeded 94 million for the third time in a row last month, according to new government data released Friday. The Bureau of Labor Statistics reports that 94,513,000 people (ages 16 and over) were neither employed nor had made specific efforts to find work in the […]

MCKIM: IS ILLEGAL IMMIGRATION BEHIND SOARING U.S. MURDER RATE?

Just after reporting how murders in next door Mexico have soared, so that there are now more than the combined war zones of Afghanistan and Iraq, we learn, much to the surprise of law enforcement officials, that murders in U.S. big cities are soaring as well. Could there be a connection to illegal immigration? Ya […]

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