In the beginning of 2018 U.S. economy hit a milestone and slowed down. Household spending stopped due to taxes. According to the Commerce Department's report U.S. rate grew at 2.3 percent. The growing pace is solid but less than 4 percent Donald Trump said during his presidential campaign. It is said that is report is not great but it is good. Consumer spending declined to a 1.1 percent rate and that is the weakest its been in 5 years.
U.S. import prices rose less than expected, up .3% instead of the expected .5%. This was caused by a drop in food prices that offset the increase in oil prices. Oil prices had dropped by 2.2% but then rose again last month by 1.6%. Export prices from the U.S. also went up, by .6%. Ag products prices dropped because of lower corn, soybean and other product prices. https://www.cnbc.com/2018/05/11/us-import-prices-april-2018.html
U.S import prices were expected to rise .5%, but only rose .3% this April. It matched the rise from this March. The main cause was from a decrease in food prices in April, which affected the price of petroleum products. The labor department said it rose the same amount as the previous month. Imports from China also dropped by .1%. These were some of the first drops since December 2017.
The U.S. import prices rose recently. Everyone thought it was going to be more than it actually was. Import prices rose 0.3% in April. The expected increase was 0.5%! The cost of petroleum products were tempered by a decline in food prices. The cost of imported food fell 0.4 percent in April, declining for a second straight month.
President Trump's talk about his economic stewardship has left the Democrats feeling worried. They are scared the Republicans will have an even bigger impact in 2020. The Democrats don't think they are giving enough of a counterargument. For the future it looks like Democrats will win back the House of Representatives. A strategist has also pointed out that the Democrats have been losing battle discussions over the economy lately.
Date: May 12, 2018 Source: http://thehill.com/homenews/campaign/387356-dems-worry-trump-will-win-over-economy
The Gas prices in the US are expected to rise to three dollars. This is the highest its been for three years. Some Places have already reached three dollars. Gas prices and the demand for oil could cause some problems in the economy as the high prices will effect everyone including trucker, airplane companies, and delivery companies. In this way we could see everything else rise in price if this high price actually happens as predicted. https://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
China has welcomed a pledge from Donald Trump to help save ZTE, one of China's biggest telecoms companies. China has suspended operations after the US last month banned American companies from selling it. ZTE had admitted to making illegal shipments to Iran and North Korea. But Mr Trump has now tweeted he will work with President to help ZTE get "back into business fast", saying too many jobs in China were at risk.
Hanover's hobby shop closes after 72 years of business. The hobby shop has closed its doors and will be auctioning off all the merchandise since the store's owner Lorn Shrickler died in March at age 83. Shrickler's father, Lawrence opened the store then died at age 49, leaving the shop with his wife Effie and son Lorn. Even at the age of 99, Effie was still in the shop with her son. Lorn took a break from the hobby shop from 1953 to 1957 when he was in the Air Force. On June 4 and 6th the Thomasville Country Auction will start auctioning off items. They say there will be around 2,000 items.
The gas prices have recently went up, the average retail price for gas is making its way up to $3. The national average was at $2.87 on Monday and expected to rise. In some places the price has risen 17 to 24 percent from just one year ago. The economy could be affected from the increase and demand in gas. Drivers, truckers, and several other companies are going to be affected by this increase in price, which will cause their prices to go up. https://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
Oil watchers are predicting a increase in prices due to President Trump's decision to reimpose sanctions on Iran. Taking away Iranian oil means the market will become razor-thin, and prices will increase. Crude has spiked 19% this year, to prices unseen since late 2014. Analysts are already warning of an eventual return to $100 oil. That's a huge change since crude dropped to just $26 a barrel barely two years ago.
Gas prices are rising towards $3 a gallon. The average prices around the country on monday were $2.87. California and Washington have already reached $3 a gallon. Conflicts in oil producing regions could mean high gas prices. Rising fuel cost can feed inflation and lower interest rates.
Gas prices are rising up to $3 a gallon. The average prices around the country on monday were $2.87. California and Washington gas prices are $3 a gallon. Conflicts in oil producing regions could mean high gas prices. Rising fuel cost lower interest rates. https://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
According to a survey, the fresh college graduates of 2018 will earn an average of 50,390 dollars in their first year at work. This price remains similar to what it was last year. Inflation is right at 2% right now so their price would be flat. The unemployment rate is under 4% which would be the first time this has happened since 2000 making it easier to find jobs. Although your average salary will depend on where you live.
Just when you thought gas was expensive... well you can keep that thought because prices in the US are expected to rise to three dollars. This is the highest its been for three years and it will eventually become higher with time. Some Places have already reached three dollars. This could cause some major issues with our economy as the industry for gas and oil is increasing and is demanding more. This demand will effect not just the industry of oil and gas but many others. In this process the industry will work to change and make gas what it once was.
America's budget deficit and employment rate are heading in opposite directions. This hasn't happened since World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. $1.5 trillion tax cut approved in December 2017 and a $1.3 trillion spending bill aimed at keeping the government operating through the end of the fiscal year. The unemployment rate is now at 3.9 percent and falling, while the budget deficit was at $668 billion in 2017 and is expected, according to the Congressional Budget Office, to top $1 trillion by 2020.
Netflix is planning on releasing 86 original movies in 2018. Buying movies from other studios is more expensive, since streaming movies has become more popular. Some Netflix movies have gone to movie theaters. In 2017, they released 33 movies in 40 theaters around the world. Some movies played in the theater for as long as 7 weeks.
This week President Trump sent his strongest and highest advisors to Beijing to talk to China and avoid a possible trade war. America and the U.S. are two of the countries with the largest economies and are threatening each other to place large tariffs on tens of billions of dollars on goods. Officials say that the huge problem we are facing will not be solved in just one meeting. More meetings over many weeks will take place to attempt to solve this issue. Trump is hoping that china will buy more U.S. goods to attempt to cut some of the debt we are under.
U.S home building fell in April with shortages of land and skilled laborers. The annual rate of homes being built has dropped 3.7%. Permits have also dropped by 1.8%. It dropped all over the country. But single family homes have went up by .1%. With the price of lumber going up it means the houses would cost more which led to the decline of houses being built. https://www.cnbc.com/2018/05/16/us-housing-starts-april-2018.html
Gas prices in the last week have risen. People filling up in New Jersey are paying $3 to the gallon of regular unleaded fuel. In California and Hawaii they are paying $3.70 a gallon. There are now 10 states that have gas prices $3 a gallon. As the economy moves along there is more work and that means more transportation
Housebuilding price totals in the U.S. are at 1.287 million in April and its expected to be up to 1.310 million. Data that was taken for the housing market continued to tread water is in the middle of shortage in land and skilled labor. Some data from March has shown starts rising to 1.336 million-unit rate instead of the previous 1.319 million unit pace.
The economic relationship between China and the United States has defined the modern era. It helped lift hundreds of millions of people in China out of poverty. It gave affordable iPhones and other gadgets to American consumers, handed big profits to American companies and delivered 1.3 billion hungry customers to American farmers. China also is our main place where they make most of our toys, clothes, and other stuff.
U.S. import prices rose less than expected, up .3% instead of the expected .5%. Export prices from the U.S. also went up, by .6%. Ag products prices dropped because of lower corn, soybean and other product prices. This was caused by a drop in food prices that offset the increase in oil prices. Oil prices had dropped by 2.2% but then rose again last month by 1.6%.
Today Remington, one of America's best gunmakers, exited a Chapter 11 bankruptcy in less than two months. According to the company it converted $775 million of debt into equity and successfully put the plan for reorganization into effect. Judge Brendan Shannon approved the exit on Tuesday. Remington had filed for bankruptcy in March.The process was unusually fast for a corporate bankruptcy process, according to Rommel Dionisio, gun industry analyst for Aegis Capital.
Japan's government data has shown that their economy contracted in the first three months of 2018 due to weak private consumption and business investment, putting the brakes on the nation’s longest growth streak in 28 years. The world's third-largest economy shrank at an annualized price of 0.6% in the January-March period, following revised 0.6% growth in the final quarter of 2017. The contraction was the first since the final quarter of 2015.
Graduates with a bachelor's degree are expected to earn an average of $50,390 annually in their first jobs according to this survey. 2018 US inflation rate is hovering just over 2%. But its easier to find a job than in previous years. The unemployment rate has recently dropped below 4% for the first time since 2000. Pay will vary by industry. People with science, technology, engineering and math-related fields earn more than average.
Cameron Mitchell hit rock bottom when he was 19 years old. He dropped out of high school, was living with his mom. He was working two restaurant jobs in order to get by. He showed up late to work so many times he had a three day suspension. When he came back to work he realized he loved being in a restaurant. That night he decided to draw a road map with ambitious career goals. 35 years later and he now owns and operates 55 restaurants.
There is a new ordinance put into place that will place a head tax on the businesses that gross the highest. The average person will be paying around 275 dollars a year, for 5 years. Where as the original plan would have cost everyone 540 dollars a year but would expire sooner. The money would be going to affordable housing for the less fortunate people. http://money.cnn.com/2018/05/14/news/economy/seattle-business-head-tax-amazon/index.html?iid=SF_River
Big Ag turns to peas to meet soaring global protein demand. Cargill, the global grains trader, sees the future of protein in the humble pea. In a joint venture at a Wisconsin plant, flour milled from Iowa yellow peas is mixed with water and spun at high speed through stainless steel drums. It separates the protein from starch and fiber.The powder ends up blended into waffle mixes, sports drinks, nutrition bars and protein shakes. Small examples of a much larger push by the world’s biggest agriculture firms to find alternative plant-based proteins to feed people and livestock worldwide.
In the beginning of 2018 U.S. economy hit a milestone and slowed down. Household spending stopped due to taxes. According to the Commerce Department's report U.S. rate grew at 2.3 percent. The growing pace is solid but less than 4 percent Donald Trump said during his presidential campaign. It is said that is report is not great but it is good. Consumer spending declined to a 1.1 percent rate and that is the weakest its been in 5 years.
ReplyDeletehttp://money.cnn.com/2018/04/27/news/companies/economy-economic-growth/index.html
U.S. import prices rose less than expected, up .3% instead of the expected .5%. This was caused by a drop in food prices that offset the increase in oil prices. Oil prices had dropped by 2.2% but then rose again last month by 1.6%. Export prices from the U.S. also went up, by .6%. Ag products prices dropped because of lower corn, soybean and other product prices.
ReplyDeletehttps://www.cnbc.com/2018/05/11/us-import-prices-april-2018.html
U.S import prices were expected to rise .5%, but only rose .3% this April. It matched the rise from this March. The main cause was from a decrease in food prices in April, which affected the price of petroleum products. The labor department said it rose the same amount as the previous month. Imports from China also dropped by .1%. These were some of the first drops since December 2017.
ReplyDeletehttps://www.cnbc.com/2018/05/11/us-import-prices-april-2018.html
The U.S. import prices rose recently. Everyone thought it was going to be more than it actually was. Import prices rose 0.3% in April. The expected increase was 0.5%! The cost of petroleum products were tempered by a decline in food prices. The cost of imported food fell 0.4 percent in April, declining for a second straight month.
ReplyDeletehttps://www.cnbc.com/2018/05/11/us-import-prices-april-2018.html
President Trump's talk about his economic stewardship has left the Democrats feeling worried. They are scared the Republicans will have an even bigger impact in 2020. The Democrats don't think they are giving enough of a counterargument. For the future it looks like Democrats will win back the House of Representatives. A strategist has also pointed out that the Democrats have been losing battle discussions over the economy lately.
ReplyDeleteDate: May 12, 2018
Source: http://thehill.com/homenews/campaign/387356-dems-worry-trump-will-win-over-economy
The Gas prices in the US are expected to rise to three dollars. This is the highest its been for three years. Some Places have already reached three dollars. Gas prices and the demand for oil could cause some problems in the economy as the high prices will effect everyone including trucker, airplane companies, and delivery companies. In this way we could see everything else rise in price if this high price actually happens as predicted.
ReplyDeletehttps://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
China has welcomed a pledge from Donald Trump to help save ZTE, one of China's biggest telecoms companies. China has suspended operations after the US last month banned American companies from selling it. ZTE had admitted to making illegal shipments to Iran and North Korea.
ReplyDeleteBut Mr Trump has now tweeted he will work with President to help ZTE get "back into business fast", saying too many jobs in China were at risk.
http://www.bbc.com/news/business-44103081
Hanover's hobby shop closes after 72 years of business. The hobby shop has closed its doors and will be auctioning off all the merchandise since the store's owner Lorn Shrickler died in March at age 83. Shrickler's father, Lawrence opened the store then died at age 49, leaving the shop with his wife Effie and son Lorn. Even at the age of 99, Effie was still in the shop with her son. Lorn took a break from the hobby shop from 1953 to 1957 when he was in the Air Force. On June 4 and 6th the Thomasville Country Auction will start auctioning off items. They say there will be around 2,000 items.
ReplyDeletehttps://www.eveningsun.com/story/news/2018/05/12/hanovers-staple-hobby-shop-closes-after-72-years-business/598815002/
The gas prices have recently went up, the average retail price for gas is making its way up to $3. The national average was at $2.87 on Monday and expected to rise. In some places the price has risen 17 to 24 percent from just one year ago. The economy could be affected from the increase and demand in gas. Drivers, truckers, and several other companies are going to be affected by this increase in price, which will cause their prices to go up.
ReplyDeletehttps://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
Oil watchers are predicting a increase in prices due to President Trump's decision to reimpose sanctions on Iran. Taking away Iranian oil means the market will become razor-thin, and prices will increase. Crude has spiked 19% this year, to prices unseen since late 2014. Analysts are already warning of an eventual return to $100 oil. That's a huge change since crude dropped to just $26 a barrel barely two years ago.
ReplyDeletehttp://money.cnn.com/2018/05/11/investing/oil-prices-iran-volatility/index.html?iid=SF_LN
Gas prices are rising towards $3 a gallon. The average prices around the country on monday were $2.87. California and Washington have already reached $3 a gallon. Conflicts in oil producing regions could mean high gas prices. Rising fuel cost can feed inflation and lower interest rates.
ReplyDeletehttps://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
ReplyDeleteGas prices are rising up to $3 a gallon. The average prices around the country on monday were $2.87. California and Washington gas prices are $3 a gallon. Conflicts in oil producing regions could mean high gas prices. Rising fuel cost lower interest rates.
https://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
According to a survey, the fresh college graduates of 2018 will earn an average of 50,390 dollars in their first year at work. This price remains similar to what it was last year. Inflation is right at 2% right now so their price would be flat. The unemployment rate is under 4% which would be the first time this has happened since 2000 making it easier to find jobs. Although your average salary will depend on where you live.
ReplyDeletehttp://money.cnn.com/2018/05/14/pf/college/class-of-2018-starting-salary/index.html?iid=SF_LN
Just when you thought gas was expensive... well you can keep that thought because prices in the US are expected to rise to three dollars. This is the highest its been for three years and it will eventually become higher with time. Some Places have already reached three dollars. This could cause some major issues with our economy as the industry for gas and oil is increasing and is demanding more. This demand will effect not just the industry of oil and gas but many others. In this process the industry will work to change and make gas what it once was.
ReplyDeletehttps://www.wsj.com/articles/gas-is-headed-for-3-what-that-means-for-the-u-s-economy-1526209200
America's budget deficit and employment rate are heading in opposite directions. This hasn't happened since World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. $1.5 trillion tax cut approved in December 2017 and a $1.3 trillion spending bill aimed at keeping the government operating through the end of the fiscal year. The unemployment rate is now at 3.9 percent and falling, while the budget deficit was at $668 billion in 2017 and is expected, according to the Congressional Budget Office, to top $1 trillion by 2020.
ReplyDeletehttps://www.cnbc.com/2018/05/14/goldman-deficit-unemployment-rate-disconnect-could-fuel-higher-interest-rates.html
Netflix is planning on releasing 86 original movies in 2018. Buying movies from other studios is more expensive, since streaming movies has become more popular. Some Netflix movies have gone to movie theaters. In 2017, they released 33 movies in 40 theaters around the world. Some movies played in the theater for as long as 7 weeks.
ReplyDeletehttps://www.reuters.com/article/us-netflix-movies-focus/netflixs-next-act-feeding-the-service-with-its-own-movies-idUSKCN1IH1AP
This week President Trump sent his strongest and highest advisors to Beijing to talk to China and avoid a possible trade war. America and the U.S. are two of the countries with the largest economies and are threatening each other to place large tariffs on tens of billions of dollars on goods. Officials say that the huge problem we are facing will not be solved in just one meeting. More meetings over many weeks will take place to attempt to solve this issue. Trump is hoping that china will buy more U.S. goods to attempt to cut some of the debt we are under.
ReplyDeletehttp://money.cnn.com/2018/05/02/news/economy/china-us-trade-talks-beijing/index.html?iid=SF_River
U.S home building fell in April with shortages of land and skilled laborers. The annual rate of homes being built has dropped 3.7%. Permits have also dropped by 1.8%. It dropped all over the country. But single family homes have went up by .1%. With the price of lumber going up it means the houses would cost more which led to the decline of houses being built.
ReplyDeletehttps://www.cnbc.com/2018/05/16/us-housing-starts-april-2018.html
Gas prices in the last week have risen. People filling up in New Jersey are paying $3 to the gallon of regular unleaded fuel. In California and Hawaii they are paying $3.70 a gallon. There are now 10 states that have gas prices $3 a gallon. As the economy moves along there is more work and that means more transportation
ReplyDeletehttps://www.cbsnews.com/news/gas-prices-rise-nationwide-aaa-latest-2018-05-13/.
Housebuilding price totals in the U.S. are at 1.287 million in April and its expected to be up to 1.310 million. Data that was taken for the housing market continued to tread water is in the middle of shortage in land and skilled labor. Some data from March has shown starts rising to 1.336 million-unit rate instead of the previous 1.319 million unit pace.
ReplyDeletehttps://www.cnbc.com/2018/05/16/us-housing-starts-april-2018.html
The economic relationship between China and the United States has defined the modern era. It helped lift hundreds of millions of people in China out of poverty. It gave affordable iPhones and other gadgets to American consumers, handed big profits to American companies and delivered 1.3 billion hungry customers to American farmers. China also is our main place where they make most of our toys, clothes, and other stuff.
ReplyDeletehttps://www.nytimes.com/2018/05/16/business/china-us-trade-disengage.html?rref=collection%2Fsectioncollection%2Fbusiness-economy&action=click&contentCollection=economy®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=sectionfront
U.S. import prices rose less than expected, up .3% instead of the expected .5%. Export prices from the U.S. also went up, by .6%. Ag products prices dropped because of lower corn, soybean and other product prices. This was caused by a drop in food prices that offset the increase in oil prices. Oil prices had dropped by 2.2% but then rose again last month by 1.6%.
ReplyDeletehttps://www.cnbc.com/2018/05/11/us-import-prices-april-2018.html
Today Remington, one of America's best gunmakers, exited a Chapter 11 bankruptcy in less than two months. According to the company it converted $775 million of debt into equity and successfully put the plan for reorganization into effect. Judge Brendan Shannon approved the exit on Tuesday. Remington had filed for bankruptcy in March.The process was unusually fast for a corporate bankruptcy process, according to Rommel Dionisio, gun industry analyst for Aegis Capital.
ReplyDeletehttp://money.cnn.com/2018/05/17/news/companies/remington-exits-chapter-11/index.html
Japan's government data has shown that their economy contracted in the first three months of 2018 due to weak private consumption and business investment, putting the brakes on the nation’s longest growth streak in 28 years. The world's third-largest economy shrank at an annualized price of 0.6% in the January-March period, following revised 0.6% growth in the final quarter of 2017. The contraction was the first since the final quarter of 2015.
ReplyDeleteGraduates with a bachelor's degree are expected to earn an average of $50,390 annually in their first jobs according to this survey. 2018 US inflation rate is hovering just over 2%. But its easier to find a job than in previous years. The unemployment rate has recently dropped below 4% for the first time since 2000. Pay will vary by industry. People with science, technology, engineering and math-related fields earn more than average.
ReplyDeletehttp://money.cnn.com/2018/05/14/pf/college/class-of-2018-starting-salary/index.html?iid=SF_LN
Cameron Mitchell hit rock bottom when he was 19 years old. He dropped out of high school, was living with his mom. He was working two restaurant jobs in order to get by. He showed up late to work so many times he had a three day suspension. When he came back to work he realized he loved being in a restaurant. That night he decided to draw a road map with ambitious career goals. 35 years later and he now owns and operates 55 restaurants.
ReplyDeletehttp://money.cnn.com/2018/05/18/news/economy/cameron-mitchell-restaurants/index.html
There is a new ordinance put into place that will place a head tax on the businesses that gross the highest. The average person will be paying around 275 dollars a year, for 5 years. Where as the original plan would have cost everyone 540 dollars a year but would expire sooner. The money would be going to affordable housing for the less fortunate people.
ReplyDeletehttp://money.cnn.com/2018/05/14/news/economy/seattle-business-head-tax-amazon/index.html?iid=SF_River
Big Ag turns to peas to meet soaring global protein demand. Cargill, the global grains trader, sees the future of protein in the humble pea. In a joint venture at a Wisconsin plant, flour milled from Iowa yellow peas is mixed with water and spun at high speed through stainless steel drums. It separates the protein from starch and fiber.The powder ends up blended into waffle mixes, sports drinks, nutrition bars and protein shakes. Small examples of a much larger push by the world’s biggest agriculture firms to find alternative plant-based proteins to feed people and livestock worldwide.
ReplyDeletehttps://www.reuters.com/article/us-crops-protein/big-ag-turns-to-peas-to-meet-soaring-global-protein-demand-idUSKCN1IJ1B3