Gov. Abbot’s Asia tour champions a new era of American manufacturing, tech growth
Last week, Gov. Greg Abbott (R-Texas) returned from an economic development trip to Taiwan, Japan and South Korea, where he “met with corporate executives, business leaders, foreign dignitaries and government officials to promote Texas’ booming economy and foster the development of industries critical to the future of the global economy,” according to the Texas Economic […]
UK jobs market cools again as wage growth slows | Economics
British wage growth slowed to its lowest level in two years in May due to a weakening jobs market, highlighting the challenges for the Bank of England as policymakers consider whether to cut interest rates. The numbers are UK Office for National Statistics The ONS said annual wage growth slowed to 5.7 percent in the […]
Burberry ousts chief executive; China economic growth disappoints – business live | Business
Important Events As expected, Burberry’s shares fell after this shocking news broke on Monday morning. The fashion company’s shares fell 11% in early morning trading. It’s been a pretty tough year. Today’s decline is in the bottom right of the chart below. But it’s been one-way traffic for the majority of 2024. The stock is […]
UK economy returned to growth in May | Office for National Statistics
The UK economy returned to growth in May after a slowing April, resuming its recovery from last year’s recession. Britain’s gross domestic product (GDP) grew 0.4% month-on-month, after registering zero growth in April when wet weather hit consumer spending, according to figures from the Office for National Statistics (ONS). City economists had expected growth of […]
Caitlin Clark already noticing ‘so much’ growth from Fever
INDIANAPOLIS — Caitlin Clark is on a roll. Clark had one of the best games of his early career on Sunday, scoring 23 points on 7-of-11 shooting from the field to go with nine assists and eight rebounds in the Fever’s 91-83 win over the Sky. Gainbridge Fieldhouse was abuzz from the first minute of […]
US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
Estimated Reading Time: 2 minutes The economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the […]
75% of American Job Growth Has Gone to Migrants Since 2019
The analysis found that since 2019, most of the job growth in the United States has come from newly arrived immigrants, as working-class American men continue to drop out of the labor force. analysis, Published The report, by Steven Camarota of the Center for Immigration Studies, shows the extent to which President Joe Biden’s policy […]
Torque GC’s Carlos Ortiz’s growth pays off, earns first LIV Golf win in Houston
Carlos Ortiz of Torque GC took the lead in Texas by winning the individual LIV golf event at Houston Golf Club. He shot a five-under 67 on Sunday to finish at 15 under par. Ortiz beat Adrian Melonc by one stroke. Patrick Reed and David Puig finished tied for third at 13 under par. The […]
Economic growth can unify voters: Vivek Ramaswamy
Former 2024 presidential candidate Vivek Ramaswamy joined “Kudlow” to discuss the return of Trump-era economic policies amid a cost-of-living crisis under President Biden. Vivek Ramaswami, a former 2024 presidential candidate and current Trump supporter, said Americans facing economic hardship can find common ground between the two parties. “Prices have gone up. Interest rates have gone […]
US job growth jumps by 272K in May while unemployment unexpectedly rises
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: U.S. job growth accelerated again in May, defying expectations of a slowdown even as the unemployment rate rose to its highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in […]