The IBD/TIPP Economic Optimism Index slid 3.8 points to 52.6 in early December, matching April’s 2018 low. Even as wage growth has accelerated to a nine-year high, the six-month economic outlook sank to its lowest since just before President Donald Trump won the 2016 election. Midterm election results and recent […] Read more »
‘Not what we expected’: Trump’s tax bill is losing popularity
In a packed arena in Fargo, N.D., this week, President Trump’s most ardent supporters roared with approval when he talked about protecting the U.S. borders, beating the Democrats and “respect for our great, beautiful, wonderful American flag.” When Trump pivoted to the tax bill, his top legislative accomplishment, the crowd […] Read more »
As The British Pound Tumbled After The Brexit Vote, Some Hedge Funds Made Millions
While Britain’s market reeled from the United Kingdom’s decision to leave the European Union, hedge funds used secret polling data to make millions off the collapse of the pound. NPR’s Mary Louise Kelly speaks with Bloomberg reporter Cam Simpson about what happened. NPR Read more »
Brexit’s Big Short: How Pollsters Helped Hedge Funds Beat the Crash
At 10 p.m. on June 23, 2016, Sky News projected the words “IN OR OUT” across the top of a London building as an orchestral score ratcheted up the tension. “In or out—it is too late to change your mind,” declared Adam Boulton, the veteran anchor, seated in a makeshift […] Read more »
Should Americans Really Be Worried About Retirement?
Many Americans don’t think about retirement until it looms in their immediate future. So how confident are Americans that they will have enough money when they retire? CONT. Gallup Listen to “Should Americans Really Be Worried About Retirement?” on Spreaker. Read more »
Social Security Still Financial Bedrock for Retirees
Retired U.S. adults are relying on a number of income sources in their golden years, although Social Security is the only one a majority (57%) calls a “major source.” Work-sponsored pensions and 401(k) or other personal retirement savings accounts rank a distant second and third. Fewer than one in five […] Read more »