Washington, DC….By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Policy. Advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital assets, with profound implications for the […]
Washington, DC…Last week ahead of the State of the Union Address, API President and CEO Mike Sommers highlighted the importance of American energy leadership as both geopolitical volatility and energy costs rise. API also released new polling by Morning Consult that found 90 percent of American voters support the U.S. developing its own domestic energy resources […]
San Francisco, CA…LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, America’s leading digital marketplace bank, released findings from its sixth edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. Key takeaway: At the end of 2021, 61 percent of the U.S. population lived paycheck to paycheck, up seven percentage points since the first report in June 2021. Forty-two percent […]
Incline Village, NV…All of us have heard the expression of “Follow the Money”. Why haven’t we heard about this during the Ukraine crisis? My gut and back of an envelop calculations lead me to believe that all of this Ukraine business has just been a ruse to drive up oil prices. If we just say […]
Washington, DC…The Producer Price Index for final demand increased 1.0 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.4 percent in December 2021 and 0.9 percent in November. (See table A.) On an unadjusted basis, final demand prices moved up 9.7 percent for the 12 […]
Boca Chica, TX…On Thursday, February 10 SpaceX CEO Elon Musk provided an update on the design, development, and testing of Starship.
Washington, DC…The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. Increases in the indexes for food, electricity, and shelter were the largest […]
Oakland, CA…Governor Gavin Newsom today visited a small business in Oakland to sign legislation extending COVID-19 supplemental paid sick leave for workers, and early budget action to provide an additional $6.1 billion in tax relief, tax credits and direct grants for small businesses hit hard by the pandemic, bolstering the state’s historic COVID relief efforts […]
Washington, DC…Total nonfarm payroll employment rose by 467,000 in January, and the unemployment rate was little changed at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing. This news release presents statistics from two […]
Oakland, CA…Port of Oakland officials today predicted a resurgence of agricultural exports through the Port following announcement of a partnership with the federal government. The Port said it’s working with the U.S. Department of Agriculture (USDA) to clear bottlenecks impeding outbound shipments. The problem: the global shipping logjam created dockside congestion of empty containers that’s […]
