Washington, DC…The U.S. Census Bureau announced today the median household income was not statistically different from the 2017 median, and the official poverty rate decreased 0.5 percentage points from 2017. At the same time, the rate and number of people without health insurance increased from 7.9%, or 25.6 million, in 2017 to 8.5%, or 27.5 […]
Stateline, NV…The Lake Tahoe Visitors Authority will distribute $100,000 to local non-profits resulting from the 30th American Century Championship celebrity golf tournament with organizations invited to apply for funding by Friday, Sept. 13, 4 p.m. The application is available at: https://ltva.org/american-century-championship-donation-request-application/. For financial support consideration groups must be in South Lake Tahoe, Calif., or in […]
Bentonville, AK….”Dear Associates, A month ago, in El Paso, Texas, a gunman with an assault-style rifle launched a hate-filled attack in our store, shooting 48 people resulting in the loss of 22 innocent lives. Just a few days prior, two of our associates were killed by another associate in our store in Southaven, Mississippi. And […]
New Brunswick, NJ…Johnson & Johnson (NYSE: JNJ) and its Janssen Pharmaceutical Companies today announced they will appeal the $572 million civil judgment entered in Cleveland County District Court in the State of Oklahoma’s lawsuit against opioid manufacturers. The Company is confident it has strong grounds to appeal this decision. The judgment disregards the Company’s compliance […]
Washington, DC…In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued in February 2020 with the publication of the January 2020 Employment Situation news release. Each year, the Current Employment […]
New York, NY….The spread between short term and long term bond yields inverted and that has proved in the past a potential signal of an upcoming recession. This and continued trade issues and weakening of the world economy rattled the markets today.
Washington, DC…The United States Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10 percent on approximately $300 billion of Chinese imports. On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff. This […]
Washington, DC…Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and technical services, health care, social assistance, and financial activities. This news release presents statistics from two monthly surveys. The household survey […]
Washington, DC…Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked up […]
McLean, VA…Capital One Financial Corporation (NYSE: COF) announced today that on July 19, 2019, it determined there was unauthorized access by an outside individual who obtained certain types of personal information relating to people who had applied for its credit card products and to Capital One credit card customers. Capital One immediately fixed the configuration […]
