Dow Jones hits "record high" in the midst of Comey hearing

Wall Street doesn't seem worried at all about FBI director James Comey's. The Dow, after initially trading sideways, jumped to a new all-time high Thursday afternoon toward the end of the highly-anticipated testimony. The index ended the day higher, but the Nasdaq closed at a fresh record. Read full story..

CNN Money. Published June 9, 2017.
Source: http://money.cnn.com

US Household Wealth Ticks Up 1.4 Percent to $94.8 Trillion

U.S. stock and mutual fund portfolios jumped $1.3 trillion in value in the January-March quarter. Home values increased $499 billion. Record-high stock prices are the primary driver of greater household wealth. The Dow Jones industrial average has more than tripled from its recession-era low on Wednesday. Read full story..

The New York Times. Published June 8, 2017.
Source: https://www.nytimes.com

There have never been more jobs available in America

Now is a great time to be looking for work in America. The latest job openings and labor turnover survey released by the Bureau of Labor Statistics on Tuesday showed that in April there were 6.04 million jobs open in the U.S. In the same month last year there were 5.64 million jobs open. Read full story..

Yahoo Finance. Published June 6, 2017.
Source: https://finance.yahoo.com

America’s CEOs more confident with bets on Trump’s tax reform

The CEOs remain hopeful about a sweeping overhaul of the tax code, including a steep cut in the corporate rate. Trump wants to to cut the corporate tax rate to 15% from 35%, which is the highest among developed economies, He also wants to eliminate U.S. taxes on foreign earnings. Read full story..

Fox Business. Published June 6, 2017.
Source: http://www.foxbusiness.com

Luxury Goods Market Will Return to Growth in 2017

The market will return to growth in 2017, according to Bain, the Worldwide Luxury Market Monitor. The report estimates a global personal luxury goods market of 254 billion euros to €259 billion ($284 billion to $289 billion) in 2017, up 2 percent to 4 percent from €249 billion last year. Read full story..

The New York Times. Published May 29, 2017.
Source: https://www.nytimes.com

US economy can do the 3% growth assumed in Trump's budget

Three percent economic growth is possible with the right policies, the Allianz chief economic advisor says. Trump's 2018 budget assumes the U.S. economy will reach 3 percent growth by 2021 and beyond. The last year the economy saw more than 3 percent growth was in 2005. Read full story..

CNBC News. Published May 24, 2017.
Source: https://www.cnbc.com

U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits

U.S. and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by U.S. President Donald Trump. A National oil firm said it signed $50 billion of agreements with U.S. firms. Energy minister Khalid al-Falih said deals involving all companies totaled over $200 billion. Read full story..

Reuters. Published May 20, 2017.
Source: https://www.reuters.com

Trump signs $110 billion deal with Saudi Arabia

White House economic adviser Gary Gohn told reporters that the deal will "invest a lot of money in the U.S. and have a lot of U.S. companies invest and build things over here." "They're going to hire U.S. companies ... a bunch of infrastructure related things," Cohn continued, the deal means "big dollars." Read full story..

CBS News. Published May 20, 2017.
Source: https://www.cbsnews.com

Goldman says: this may become the longest economic expansion in history

Goldman Sachs economists said, that there is now a two-thirds chance that the recovery will be the longest on record. The current expansion has already lasted 95 months, now the third-longest in U.S. history in 33 business cycles going back to 1854, the economists said. Read full story..

CNBC News. Published May 8, 2017.
Source: http://www.cnbc.com

American economy is perking up under President Trump

The government reported a strong gain in jobs for April on Friday morning, and the unemployment rate fell to its lowest level since May 2007. It seems that consumers, small businesses and corporate CEOs are in a better mood since Trump took office as well. Read full story..

CNN Money. Published on May 05, 2017.
Source: http://money.cnn.com/

U.S. Economic Outlook: Great For 2017 and Beyond

The U.S. economic outlook is healthy according to the key economic indicators. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range. Unemployment is forecast to continue at the natural rate. There isn't too much  inflation or deflation. That's a Goldilocks economy. Read full story..

The Balance. Published on May 01, 2017.
Source: https://www.thebalance.com

Trump’s tax plan sets the stage for Dow 30,000

Trump wants to cut the corporate tax rate to 15% from the current 35%. He also will propose a 15% rate to be used by pass-through entities, compared with the top current rate of 39.6%. American corporations have stashed over $2.6 trillion of earnings abroad. For repatriation, he will propose a 10% tax on foreign earnings. Read full story..

MarketWatch. Published on April 27, 2017.
Source: http://www.marketwatch.com

Goldman Sachs up 37% since Trump's election

Goldman Sachs stock closed on Tuesday at a new all-time high, taking out the prior record that was set in October 2007. Virtually all bank stocks have been on fire since Trump's victory in anticipating of lighter regulation, higher interest rates and faster growth. Read full story..

CNN Money. Published on February 14, 2017.
Source: http://money.cnn.com

Instability Abroad: 10 Conflicts to Watch in 2017

From Turkey to Mexico, the world’s most volatile flashpoints will get a lot more unpredictable this year. The world is entering its most dangerous chapter in decades. From the global refugee crisis to the spread of terrorism, our collective failure to resolve conflict is giving birth to new threats and emergencies. Read full story..

The Crisis Group. Published on Jan 05, 2017.
Source: https://www.crisisgroup.org

Dow 30,000 in next 4 to 5 years, investment expert says

The Dow Jones industrial average will likely hit 20,000 in January and will probably climb to 30,000 in the next four to five years, investment expert Nancy Tengler told CNBC on Wednesday. "We are being given a tail wind that, I think, is going to very much help corporate America." Read full story..

CNBC News. Published on Dec 28, 2016.
Source: http://www.cnbc.com