The latest jobs report from the Bureau of Labor Statistics has analysts and economists venturing back into familiar territory. The 336,000 new jobs added in September – nearly double the expected 170,000 jobs – seems to have confounded the “experts” who were expecting confirmation of their preconceived notions of economic doom and gloom. According to […]Read More
As the world continues to shake off its Covid-19 hangover, despite our collective best efforts we haven’t had our own return to normalcy. The tension between bosses wanting workers back in their cubicles and workstations, and employees wanting to remain in the brave new world of the work-from-home economy puts an exclamation point on the […]Read More
Economies are like relationships; they can run hot and cold, up and down and past behavior does not necessarily equate to future results. As such, explaining the nuance of monetary policy and the intricacies of macroeconomics can be difficult under the best of circumstances and isn’t helped by the natural inclination of federal officials to […]Read More
Despite easing inflation, a strong job market and consumer spending still in positive territory, consumer opinion about the economy is mostly negative. Figuring out why there is a disconnect between the reality of stable growth and perception of an impending collapse can best be explained not by economic concepts but by a little mass communication […]Read More
Like the proverbial bad penny, Silicon Valley Bank is back. The beleaguered financial institution, which earlier this year was the poster child for mismanagement and was the focal point of concerns about the stability of the banking system, has launched a new marketing campaign. The “Yes, SVB” campaign is designed to make consumers aware that […]Read More
Look, up in the sky! It’s a bird. It’s a plane. It’s an Amazon order? While drones are still something of a novelty, that is likely to change in the coming years. According to Research and Markets, the global “Drones-As -A-Service market is expected to grow more than $355 billion by 2032, boasting a growth […]Read More
It is fitting that Federal Reserve Board Chairman Jerome Powell gave his most recent remarks on inflation and the economic outlook in the resort town of Jackson Hole, Wyoming. While the location if the annual conference sponsored by the Federal Reserve Bank of Kansas City has been a fixture for monetary policy groupies for nearly […]Read More
In mathematics, an arbitrary number is one that is undetermined and is not assigned a specific value. But for economists at the Federal Reserve Board, there is an arbitrary number that has immense value: 2%. While for some 2% is the preferred content of fat in milk, at the Federal Open Market Committee, the central […]Read More
Northrop Grumman Corp., one of St. Johns County’s largest employers, reported first quarter 2023 sales increased 6 % to $9.3 billion, as compared with $8.8 billion in the first quarter of 2022. First quarter 2023 net earnings totaled $842 million, or $5.50 per diluted share, as compared with $955 million, or $6.10 per diluted share, […]Read More
On March 10, Silicon Valley Bank collapsed, causing a disturbance in the financial force. A little over a month and a half later, the Federal Reserve Board released a report detailing the bank’s shortcomings, as well as its own. But instead of simply closing the barn door after the horses bolted, the Fed is making […]Read More
