U.S. earnings power restored by inflation adjusted income rise
Census data show inflation adjusted median household income rising to 80610 in 2023, back to 2019 levels, with poverty dipping to 11.1 percent. While men's earnings outpaced women, prime age employment hit 80.7 percent and unemployment fell to 3.4 percent in April 2023.
MENTIONED IN THIS ARTICLE
Washington
U.S
Census Bureau
Liana Fox
Kamala Harris
Federal Reserve
Donald Trump
Biden-Harris
Wall Street mixed finish as tech rallies offset by banks
U.S. stocks closed with a mixed tone after declines in the Dow and gains in the Nasdaq led by Oracle’s 11.4 percent jump and strong results from Microsoft and Amazon. The S&P 500 rose 0.4 percent to 5,495.52 while the Dow fell 92.63 to 40,736.96 and the Nasdaq added 141.28 to 17,025.88 amid easing Treasury yields ahead of the Fed meeting.
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Amazon
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Fed
ASML
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AMD
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Netflix
Alphabt
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Alphabt A
NiSource
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AmExp
Northropg
Amgen
Novartis
Nvidia
Apple Incs AstraZen
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BkofAm
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Berkh
PepsiCo
Pfizer
Chevron Caterpillar
Costco
Danaher
RaytTch
Darden
Eli Lilly
ServeNow
EmersonEl
Shell PLC
ExxonMbl
Shrwin
SixFlags
FirstEngy
Smucker
HSBC
TexiInst
HomeDp
ThermoFis
Honwilind
Toyota
HuntBnesh
Unilever
IBM
Intuit
US Steel
IntSurg
UtdhithGp
Jpmorgch
VerizonCm
JohnJn
Visa
Keycorp
WalMarts
Lockholm
Wells Fargo
Lowes
Wendys Co
Johnson Pushes Citizenship Proof in Bill Amid Shutdown Bid
House Speaker Mike Johnson again pushes a stopgap bill requiring proof of citizenship for new voters to avert a possible government shutdown in three weeks. Democrats oppose the mandate and many Republicans worry over passage prospects as the bill faces a Senate dead end. The stopgap would extend funding through March 28, while critics urge a shorter CR and full-year 2025 appropriations.
MENTIONED IN THIS ARTICLE
Washington
House
Mike Johnson
Senate
Johnson
Congress
Chuck Schumer
Schumer
White House
EU Court Upholds Google Antitrust Penalty Amid Big Tech Crackdown
The EU top court rejects Google's appeal against a 2.7 billion penalty for its comparison shopping service. Apple also loses a challenge to a 14.34 billion euro tax repayment to Ireland as the ECJ backs the commission on state aid. Both cases date to the prior decade and boost Vestager’s legacy.
MENTIONED IN THIS ARTICLE
London
Google
European Union
European Commission
Apple
Ireland
European Court of Justice
The
Commission
Margrethe Vestager
Alex Haffner
Fladgate
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Doe
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