Economy

Bitcoin Spikes To Record Highs
BitCoin
ZeroHedge | US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have 'stabilized', fears over...
NASDAQ Rises Above 6,000 For The First Time Ever
NASDAQ
ZeroHedge | Another day, another market record, this time in nice round numbers, as the Nasdaq hits new all time highs, rising above 6,000 for the first time ever ... ... driven by the familiar five tech giants Amazon, Apple,...
Donald Trump Expected to Pick Shadow Banker for Key Position at the Fed
Federal Reserve
TheIntercept | The Federal Reserve’s vice chair for supervision is arguably the most important financial regulator in the federal government. No agency has greater oversight responsibility of U.S. financial institutions than the Fed....
The Fed Still Has On Its Beer Goggles
Federal Reserve
Time.com | Coulda, shoulda, woulda. How different would the world we live in today be had the Federal Reserve shown restraint and practiced self-control in the current economic recovery? Where would the stock market be if Fed...
Steve Keen: “Can We Avoid Another Financial Crisis?”
EpochTimes | Keen defines his question within the layer of a corrupt banking system, the system we have now. He explains how it is that banks create money in the form of debt, and how this leads to financial instability. In the book...
Peso Plunges As White House Plans NAFTA Withdrawal Executive Order
Peso
ZeroHedge | The Mexican Peso is tumbling (and Loonie extending yesterday's timber-tariff-driven losses), as Politico reports, the Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according...
FCC clears way for big TV mergers
Satellite Dishes
LATimes | The Federal Communications Commission on Thursday accelerated its deregulation push under Republican control, voting to ease limits on broadcast TV ownership and prices that large telecom companies can charge businesses...
Number of people collecting unemployment checks hits 17-year low
Unemployment Office
MarketWatch | WASHINGTON (MarketWatch) — The number of out-of-work people collecting unemployment checks fell to a 17-year low in April, underscoring the strongest U.S. labor market in years. So-called continuing jobless claims fell...
35% Pay NO Income Taxes -- Despite Record Collections
1040
CNSNews | (CNSNews.com) - In tax year 2014, according to a report published by the Internal Revenue Service, the federal government hauled in a then-record $1,377,797,136,000 in individual income taxes. Nonetheless, of the 148,...
Peter Schiff Warns: "Nothing Has Changed Under Trump... We're Headed For A Major Crisis"
SHTFPlan | When Donald Trump was elected, there was so much optimism among libertarians and conservatives, it was almost palpable. However, it’s only been several months into his first term, and it’s becoming quite apparent that...
United Airlines Stock Takes Major Hit After Violent Incident Goes Global
United Airlines
Bloomberg | United Continental Holdings Inc. tumbled early Tuesday as outrage on social media over the removal of a passenger from a flight spread across the globe. The stock dropped as much as 6.3 percent before paring the loss...
America’s Retailers Are Closing Stores Faster Than Ever
Payless Shoes
Bloomberg | The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors. At the bottom, the seemingly ubiquitous Payless Inc. shoe chain filed...
FCC removes competition requirement from Charter-TWC merger conditions
TWC
TheVerge | The FCC has reworked one of the key requirements it put on Charter’s 2016 merger with Time Warner Cable and Bright House, governing where the massive cable company expands to in the coming years. Under the original...
Bitcoin spikes after Japan says it's a legal payment method
Bitcoin
BusinessInsider | Bitcoin trades up 2.8% at $1,133 a coin as of 7:08 a.m. ET on Monday. The cryptocurrency's gains come after Japan announced on Friday that bitcoin would be accepted as a legal payment method beginning on April 1, 2017....
Trump May Renominate Federal Reserve Chairwoman Janet Yellen For Another Term
Janet Yellen
Free Beacon | President Donald Trump is leaving the possibility open for allowing Janet Yellen to remain the chairwoman of the Federal Reserve instead of replacing her, according to the Wall Street Journal. Yellen’s term expires at...
The Price Of Gold Spikes As Investors Get Spooked By Talk Of World War III And Nuclear Conflict
Gold Coins
EconomicCollapse | Whenever the world starts going crazy, investors instinctively begin flocking to precious metals.  So it wasn’t exactly a surprise when gold and silver prices started to move upward aggressively as global leaders...
Trump Scraps "Phenomenal" Tax Plan, Goes Back To Drawing Board
IRS
ZeroHedge | Remember when Trump promised in early February that he would unveil a "phenomenal" tax plan within two to three weeks? Well, it was just scrapped, because as AP reports, Trump has scrapped the tax plan he campaigned on...
Half of US working families are living paycheck to paycheck
Check
NYPost | More than seven years after the Great Recession officially ended, there is yet more depressing research that indicates at least half of Americans are vulnerable to financial disaster. Some 50 percent of people are...