Washington, DC…Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures. Russia’s war against Ukraine is causing tremendous human and […]
Washington, DC…The Producer Price Index for final demand increased 1.1 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in May and 0.4 percent in April. (See table A.) On an unadjusted basis, final demand prices moved up 11.3 percent for the 12 months […]
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. The increase was broad-based, with the […]
Irving, TX…ExxonMobil released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of […]
New York, NY….The Dow Jones index dropped below 30,000 this morning. This was a tough phycological barrier to drop through for the market.
New York, NY….The Dow, SP 500 & Nasdaq are all off sharply to start the week. Let’s hope they can right the ship a bit before the close…
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment. The increase was broad-based, with the […]
Alameda, CA…Governor Gavin Newsom early last week visited Astra Space, Inc. (Astra) in Alameda to highlight the economic and technological advancements California is supporting in partnership with space companies. “Companies like Astra demonstrate the best of California – driving towards ambitious, innovative goals and leaning into the rich talent that is so abundant in our […]
New York, NY…Dow Down Over 1,000 Points Intraday. Can it stage a comeback before close today? Maybe but with even Walmart etc reporting softer numbers due to inflation isn’t helping investor confidence.
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before seasonal adjustment. Increases in the indexes for shelter, […]
