Category: Economy

Americans paid how much in taxes last year?

It appears that Americans are sending record amounts of cash to Uncle Sam in the form of taxes. The scary thing is Uncle Sam apparently still needs more money. It has been reported that taxpayers have paid a grand total…
It’s getting hard for Venezuela to feed itself

Inflation that is rampant is nothing new to the Venezuelan economy.  However in a sign of just how severe the situation has grown for some people there, food prices spiked by 22.2% in August from the previous month, according to…
Is the ‘revenue recession’ getting worse?

When it come comes to this earnings season, the S&P 500 companies are expected to see profits drop by nearly 6%. It’s the top line of companies’ income statements that could actually be the biggest concern for all of us.…
Are we closer to deflation that we think?

Much of the talk around Deflation these days is centered on the euro zone and parts of other emerging markets. However the bigger picture show the U.S. is dancing on the brink itself. It it wasn’t for a comparatively high inflation…
Wall St. flat as investors wait for bank earnings

This Monday morning, U.S. stocks were little changed as investors braced for a very busy week of quarterly results from the major U.S. banks and several Dow 30 companies. Recap Health stocks were down after Eli Lilly (LLY.N) said it…
No increase in Social Security next year

WASHINGTON (AP) It’s the only the third time in 40 years that millions of Social Security recipients which includes disabled veterans and federal retirees can expect to see no increase in benefits next year. This is really unwelcome news for more than…
US Jobless Claims Help Boost Markets

The number of people who filed for unemployment assistance in the US last week fell more than forecast, the US Department of Labor reported the number of individuals filing for initial jobless benefits last week fell to a seasonally adjusted…
Dividend Investment Strategy Buying Abbott Labs

Abbot Labs a Dividend Strategy. Buying dividends — the strategy of buying a stock for the sole purpose of collecting the quarterly dividend, then immediately selling after it has been paid — can be lucrative, but it requires excellent timing,…