Biggest U.S. Firms Report Massive Profit Surges
The largest companies in the United States are achieving some of their strongest growth numbers since the “Great Recession” from 2007-2009.
Economy
Perez, Pelosi Slam Trump’s Economic Policies Despite July Jobs Report Showing Continued Growth
Democratic Party leaders had sharp words for President Donald Trump’s economic policies, despite a July jobs report showing the economy continued to grow.
Obama Economic Adviser: There Is ‘Faster Wage Growth at the Bottom Than at the Top’
U.S. Unemployment Rate Drops in July, Job Growth Slows
U.S. job growth slowed more than expected in July likely due to companies’ struggles to find qualified workers and the unemployment rate declined, pointing to tightening labor market conditions.
Pelosi Tweet on Wages Rated ‘Mostly False’
A tweet from House Minority Leader Rep. Nancy Pelosi (D., Calif.) about wages has been rated by Politifact as “Mostly False.”
U.S. Consumer Spending Increases; Wage Growth Slows in Second-Quarter
WASHINGTON (Reuters) – U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
U.S. GDP Growth Hits 4.1 Percent in Second Quarter
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.
Facebook Braces for Stock Wipeout as Lower Margins Loom
(Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune is set to take a $16 billion hit on Thursday, as the social media giant braces for the biggest one-day wipeout in U.S. stock market history, a day after its executives forecast years of lower profit margins.
Trump Touts ‘Big Day for Free and Fair Trade’ With E.U. Commissioner
Small Business Administrator: Training for Millions of Skilled Jobs Is a Key Priority
