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U.S.-China Trade War Escalates, Stocks Fall

Just a couple of weeks ago it seemed that the United States and China were on their way to reaching a trade deal. This hope even played a role in helping the S&P 500 and Nasdaq indices reach record highs. Unfortunately, late last week, President Trump announced that tariffs on...

United States Unemployment Falls to 49-Year Low

Another week, another better-than-expected economic report. Today the United States Labor Department issued its latest jobs report showing that the economy added 263,000 jobs in the month of April. Not only does that top the 213,000 jobs MarketWatch's poll of economists had anticipated but also helped bring the unemployment rate...

United States' Q1 GDP Growth Exceeds Expectations

Following a relatively weak fourth quarter that brought down the United States' 2018 average gross domestic product growth to just below 3%, the economy managed to to exceed expectations and roar back in the first quarter of 2019. According to CNBC, a poll of economists estimated the quarter's GDP growth to...

S&P 500, Nasdaq Reach Record Closing Highs on Tuesday

Ever since U.S. markets took a tumble on Christmas Eve of last year, much has been made about an impending turnaround. Earlier this week those fears seemed far out of mind as the S&P 500 and the Nasdaq both closed at record highs. As for the Dow Jones Industrial Average,...

Home Mortgage Applications Reached a Nine-Year High Last Week

Despite some parts of the country seeing snow this past week, make no mistake that it is officially spring. That means that, in addition to blooming trees and allergies, it's time for home sales to pick back up after the slower winter season. On that note it seems that the...

President Trump Says Stocks Should Be 10,000 Points Higher, Blames Fed

Even though consensus suggests that Federal Reserve is unlikely to raise interest rates this year, that doesn't mean that President Trump's battle with the agency is cooling any. In fact the war of words has escalated into political action as the President looks to install supporters of his own on...

H&R Block Data Finds Vast Majority of Taxpayers Didn't Update W-4s

With the 2019 tax season now in its final stretch, one of the big stories to emerge has been the shrinking refunds Americans have seen. While anecdotes suggested that most refunds were down, new data from tax prep firm H&R Block (reported on by Marketwatch) shows that they actually increased...

Job Growth Bounces Back in March After Weak February

In February U.S. job gains came in at a surprisingly low 20,000 — or more than 150,000 less than expectations. Despite being revised upwards to 33,000, it remains the weakest month of gains since September 2017. However the just-released March figures show a return to form of sorts, once again...