Investing and Global Finance News

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US Markets, Jobs, Economy

markets

How is the US faring right now vis-à-vis markets, jobs and the overall economy? Unfortunately the anticipated increase in private payrolls by Dow Jones was not met (173,000 being the expectation; 129,000 the result).  According to Moody’s Analytics Chief Economist Mark Zandi:

“The job market is weakening, with employment gains slowing significantly across most industries and company sizes. Businesses are hiring cautiously as the economy is struggling with fading fiscal stimulus, the trade uncertainty, and the lagged impact of Fed tightening. If employment growth weakens much further, unemployment will begin to rise.”

The only gain that did transpire was through services, which encountered an increase of 135,000.  Looking at education and health services was encouraging as there was a hike of 56,000 and professional/business services jumped by 41,000.  Other increases occurred with: hospitality, IT, leisure, trade, transportation and utilities.

The Fed is claiming its lengthened low interest rate policy can be linked to higher salaries, full employment and stronger bargaining power.  It also seems that those most affected positively were the more underserved groups including women and blacks.

Earlier this year, Barclays Chief US Economist Michael Gapen explained:

“The labor market is as strong as it’s been since pre-crisis times. The basic fundamentals of the economy are still solid. Therefore markets should expect the Fed’s policy rate to still go higher. How many more times, and when, is debatable, but this is not a report that tells the Fed they should just be on pause forever.”

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US Citizens: Measuring Quality of Life

There are many ways to measure the success of a country.  One way is to look at quality of life.  According to a recent article, this has actually improved in America quite significantly over the last two years.  While it cannot be denied that there is a lot of anti-Trump sentiment in America, the statistics… Continue Reading

M&A News

The acquisition by Principal Financial Group of RobustWealth is happening.  With both corporations working together on the deal for nearly a year, the details are that in the deal, RobustWealth will “retain its open architecture philosophy and operate independently under a management committee within Principal [and] will continue to sell their platform to firms outside… Continue Reading

Optimism on America’s Economic Strength

In this video, FOX Business Network presenter discusses the solidity of the current US market.  He points out that the 10-year treasury yield is standing at 2.99% and discusses the industry with Chief Economist at Moody, Mark Zandi. Zandi emphasizes the importance of a strong economy (businesses need to be able to sell what they… Continue Reading

Global Investments

There has been a steady increase in investments Singapore has made around the world over the last few years.  For example, while the figure in 2011 was $9 billion, by 2017 that had reached $19 billion. America has not been the only region that has become attractive to Singapore although it is the area that… Continue Reading

Turkish and Emirates Air Exempt from US Laptop Exclusion

Passengers traveling on two major middle eastern airlines, Turkish Airways and Emirates Airlines, will be allowed to bring laptops into cabins during their flights to the United States, according to David Lapan, a spokesman for Homeland Security in Washington, DC. A third airline is also exempt from the new US restrictions, Abu Dhabi’s-Etihad Airlines. The… Continue Reading

Recent Nominations to the Trump Administration

In recent news, there have been a number of nominations for positions in the President Trump government that were just announced. Elaine McCusker has been nominated as Principal Deputy Under Secretary of Defense, comptroller. She is the Director of Resources and Analysis at U.S. Central Command. Before this, she was a staff member on the… Continue Reading