ECONOMIC AND FINANCE REPORT

1) The American trucking industry is in trouble with many major trucking firms such as J.B. Hunt, Knight-Swift and Schneider cutting their annual outlooks. In a growing wave of trucking…

1) Threat of a ‘no deal’ Brexit has the British pound falling relative to the US dollar and euro. The new British prime minister Boris Johnson announced the annual suspension…

1) Avia Capital Services, a Russian aircraft leasing company, has filed a law suit against Boeing aircraft to cancel an order for 35 737 MAX jets. The law suit alleges…

1) Debt relief services for student loan burden is the newest wave of scams. With student debt soaring to nearly $1.5 trillion dollars and with defaults at a record high,…

1) The industrialist David Koch and political activists dies at age 79. The billionaire is noted for using his fortune to support right wing political movements thereby reshaping American politics.…

1) President Trump’s suggestion of buying Greenland is bringing to light international interest in the world’s largest island because of its geopolitical importance. Since World War II, there has been…

1) Retailers Target and Lowe’s posted second quarter sales higher than anticipated by analyst. Target’s ‘same store sales’ is up by 3.4% compared to an expected growth of 2.9%. This…

1) The Dollar has hit its highest value for 2019, as measured by the Bloomberg Dollar Index. This is when President Trump wants the Dollar value lowered to position America…

1) Fears of a possible recession were dampened as stocks rose while Treaasury yields rebounded. The U.S. decision to extend a temporary reprieve to the Chinese telecom giant Huawein is…

1) Home construction in America fell in July by 4.0%, in particular apartments. While a solid job market coupled with falling mortgage rates have boosted the desire to purchase new…