Firefly Aerospace Raises Over $800 Million on First Day on Wall Street
Firefly, a civil-commercial spaceflight company out of Texas, recently raised over $800 million on Wall Street during its initial…
Category: US Economy
Huge Jump in Producer Prices Point to Tariffs Beginning to Weigh on American Businesses
The July Producer Price Index (PPI) report printed an eye-catching 0.9% month-over-month increase, the largest such increase recorded in…
Do Any Economists Believe Trump’s Tariffs Will Improve the American Economy?
Story at a glance… President Trump announced a new tariff regime that has placed at least a 10% tax…
Gold’s Remarkable Rise to $1 Million a Bar Offers Rare Media Flashpoint of a Quiet Bull Market
News broke last week that upon reaching a new all-time record high of over $2,500 per troy ounce, the…
US Debt Per Citizen Grows 10% Faster Than the Population Since 2008
Financial analysts have looked at the growth rate in the share of the national debt per citizen and found…
Record-High GDP Print Disguises Sorry State of US Economy as a Half-Dozen Recession Indicators Continue Flashing
News reports hailed the recent third-quarter advance estimate for GDP of 4.9% as a sign of the “resilience” of…
US Deficit Is Projected to Roughly Double this Year: Watchdog
According to projections from the Committee for a Responsible Federal Budget, the US federal spending deficit for the fiscal…
Strong Labor Market or Desparation? Survey Finds 93% of Americans Work a Side Hustle, 16% a Second Job
Labor is a tricky part of economics, and the current US economy, despite the bank failures, the record price…
Silicon Valley Bank CEO’s Testimony Highlights Major Problem-Realities in American Finance
Set for a grilling before Congress at 10:00 AM Eastern Time, a written testimony from Greg Becker, former CEO…
First Republic Bank Becomes Second-Largest Failed US Bank—and Other Economic News
VARESE, Italy. May 2nd, 2023. After Silicon Valley, Signature, and Silvergate banks failed and were seized by the US…