Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Listen Live
Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
The federal government stopped operating at midnight Friday heading into Saturday, halting all but essential services, after the Senate came 10 votes short of reaching a temporary, last-minute funding deal that would have kept the government open through February 16. The shutdown comes on the anniversary of President Trump’s inauguration, and with the GOP in
READ MOREThe deadline arrived without a deal. The U.S. government shut down at midnight Friday after Congress failed to overcome a partisan divide over immigration and spending.
READ MOREThe University of Michigan’s consumer sentiment index fell in January to a reading of 94.4, the worst reading since July. Economists polled expected a 98 reading. Confidence has increased substantially since the recession, though it’s still below levels of the internet bubble era.
READ MOREAn extended bout of low prices and tepid wage growth are showing signs of ending and that has government-bond investors bracing for a new inflation regime. Rising inflation is anathema to bonds because it can erode the security’s fixed value, which is a notable headwind for longer-dated government paper. Contributing to the anticipation of higher
READ MOREJohn Williams, president of the San Francisco Federal Reserve, is being considered by the White House to become vice chairman of the Federal Reserve Board in Washington, the Wall Street Journal reported Thursday. That would put him in the No. 2 position behind new Fed Chairman Jerome Powell. The Journal reported that other candidates for
READ MOREThe Federal Reserve said the pace of growth continues to be “modest to moderate” in its latest snapshot of the economy known as the Beige Book. The report covers late November to Jan. 8. Most districts reported “on-going labor market tightness and challenges finding qualified workers across skills and sectors,” the report said. The lack
READ MOREInitial U.S. jobless claims tumbled by 41,000 to 220,000 in mid-January, marking the biggest one-week decline since 2009. The number of new claims also touched the lowest level since February 1973. Economists had forecast claims to total 250,000 in the seven days ended Jan. 13. The level of claims gives a rough idea of how
READ MOREConstruction on new houses fell 8.2% in December to a 1.19 million annual rate. Economists polled by MarketWatch has forecast housing starts to total 1.28 million. Single-family starts dropped 11.8%, but construction on buildings with five or more units rose 2.6%. Permits for future construction were basically flat at 1.30 million. Still, 2017 was a
READ MOREIndustrial production rose 0.9% in December for the fourth straight monthly increase, the Federal Reserve reported Tuesday. The gain was above Wall Street expectations of a 0.6% increase. For the fourth quarter, production jumped at an 8.2% annual rate, after a 1.3% drop in the prior quarter caused by hurricane damage. For the calander year,
READ MOREThe Empire State manufacturing survey slipped to 17.7 in January from a revised 19.6 in December, the New York Fed said. Economists had expected activity to inch up to 18.6, according to a surveys.
READ MORE
