Economy

Pandemic Delivers the Biggest Annual Drop for U.S. Economy Since WWII

The numbers are in. And they’re going to leave quite the mark. Over the final three months of a traditionally strong economic period, the U.S. economy slowed down dramatically as virus infections increased and state governments reimposed economic lockdowns last fall. Restaurants and other service businesses took the biggest hits, as many would expect. Growth

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With Biden Quick to Kill Keystone XL Pipeline, TC Energy Goes Back to the Drawing Board

Yes, there are consequences for political action. Yesterday, more than 1,000 people learned they will lose their jobs in the weeks ahead as TC Energy Corp (TRP) formerly TransCanada, will be forced to reduce employment after Joe Biden revoked the company’s presidential permit to continue work on the Keystone XL pipeline. The company will start

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Video: Will Biden’s $1,400 Stimulus Shake Up the Markets? Is Coinbase the Next Big IPO Play of 2021?

  In his much-anticipated Covid stimulus bill, President-elect Biden is calling for most Americans to receive direct payments of $1,400, bringing the total relief to $2,000 after factoring in December’s $600 payments. In this special Wall Street Wire broadcast, our contributing editor Rodney Johnson and host Dave Okenquist bring on special guest Charles Sizemore, to

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Markets Continue to Defy Reality, Even in the Face of December’s Sobering Jobs Report

Today, we all were treated with a grim reminder of exactly what kind of toll the pandemic continues to take on our country. In a much weaker-than-expected report on the jobs market, the Labor Department said the U.S. economy lost 140,000 jobs in December, which represents a significant disparity from economist expectations of 50,000. It was

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Market Overview