Gush of government spending that boosted economy last year is fading

The economy has slackened off because households and businesses have curbed spending, but the government isn’t doing as much heavy lifting, either. The pace of U.S. growth slowed to 2.2% in the fourth quarter from 3.4% and 4.2% in the prior two periods, according to revised figures on gross domestic product. Economists predict even slower growth in the first three […]

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Crew capsule rockets toward space station with test dummy

A SpaceX Falcon 9 rocket with a demo Crew Dragon spacecraft on an uncrewed test flight to the International Space Station lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Saturday, March 2, 2019. (AP Photo/John Raoux) America's newest capsule for astronauts rocketed Saturday toward the International Space Station on a high-stakes test flight by […]

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Powell’s answers on deficit spending, climate change set up more contentious House hearing

The head of the Federal Reserve usually faces more genteel questioning by Senate lawmakers than when he or she appears before their House counterparts. Tuesday’s hearing in front of the Senate Banking Committee was no exception. Even the two Democrats with presidential aspirations, Sherrod Brown and Elizabeth Warren, were by their own standards reasonably restrained, with Brown muttering about bank […]

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Dow, S&P 500 bulls faced the most important test of the new year, says analyst

Mott Capital’s Michael Kramer said trading action of the past two days has demonstrated the stock market’s resilience as major indexes managed to hold at or above key technical support. See full story. Nvidia Corp. has one more shoe to drop following a quarter where the chip maker cut its outlook twice. See full story. President Trump is calling for […]

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Dow, S&P 500 having worst month since 1931 as Grinch hits Wall St.

Next recession will be ‘much worse’ than the last: Euro Pacific Capital CEO E-Valuator Funds’ Kevin Miller and Euro Pacific Capital CEO Peter Schiff on the recent market selloff, the Federal Reserve’s rate hikes, how investors should deal with market volatility. The Grinch is making his way around Wall Street. The recent volatility has put the Dow Jones Industrial Average […]

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