Solar panels are everywhere: perched on thatched roofs in rural Kenya, helping Indian farmers pump groundwater for their fields, and powering United States military bases. Solar power accounted for more than a third of all electricity generated from energy sources that came online in 2017, a larger share than any […]
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Home buying market so brutal, some home buyers make offer sight unseen
This spring home-buying season should be a coming-out party for Millennials, many of whom are finally ready to make a purchase after hunkering down for years in their parents’ basements or expensive apartments. The only problem: Much of the food at the party is gone, and what’s left is priced […]
Opioid addiction costs employers $2.6 billion a year for care
A new report shows large employers spent $2.6 billion to treat opioid addiction and overdoses in 2016, an eightfold increase since 2004. More than half went to treat employees’ children. The analysis released Thursday by the nonpartisan Kaiser Family Foundation finds such spending cost companies and workers about $26 per […]
US trade deficit rises to near 9½-year high
The U.S. trade deficit increased to a near 9½-year high in February as both exports and imports rose to record highs, but the shortfall with China narrowed sharply. The Commerce Department said on Thursday the trade gap rose 1.6 percent to $57.6 billion. That was the highest level since October […]
US jobless claims rise, as continuing claims drop to the lowest level since 1973
New applications for U.S. unemployment benefits increased more than expected last week, but the number of Americans on jobless rolls fell to its lowest level since 1973, pointing to tightening labor market conditions. Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 242,000 for the week ended […]
The wrong investments are sabotaging your retirement plans
When markets hit the skids, investors often hear the same refrain when it comes to their retirement goals: Stay the course. But that advice often has a caveat: as long as those investments are properly allocated. Making sure you are invested in the correct way has a lot to do […]
US reportedly plans to sanction Russian oligarchs this week
The United States plans to sanction Russian oligarchs this week under a law targeting Moscow for meddling in the 2016 U.S. election, sources familiar with the matter said on Wednesday, in what could be the most aggressive move so far against Russia’s business elite. The action, which could affect people […]
Read Jamie Dimon’s full shareholder letter here
Jamie Dimon, CEO of JP Morgan, released his much-anticipated annual letter on Thursday. It’s probably the second-most popular annual letter on Wall Street behind Warren Buffett’s yearly missive to Berkshire Hathaway shareholders. Check out the full letter below: You can download the full letter here, too. Free America Network Articles
JP Morgan’s Dimon says market may be underestimating chance that Fed will have to act more quickly
J. P. Morgan Chase CEO Jamie Dimon says people may be underestimating the chances that the Federal Reserve will have to act more quickly to rein in a growing U.S. economy. If inflation and wages grow at a faster rate than currently anticipated, “the Federal Reserve and other central banks […]
‘Epic’ market bubble is ready to burst and stocks could plunge, strategist warns
Stock markets could see sharp falls before the end of year as valuations have hit disproportionate levels, one strategist told CNBC’s “Squawk Box Europe” Thursday. In the wake of the 2008 financial crisis, central banks around the world have pumped trillions of dollars into the global economy to boost lending […]