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This is incredible: The top 10 S&P 500 companies have seen their net income grow by ~180% since 2019. At the same time, the remaining 493 firms' profit growth was just 45%, or 4 times less. The top 10 companies' earnings growth began accelerating in 2023 and nearly DOUBLED
1913. Federal Reserve Act passed, creating The Fed and a federal income tax was enacted. Also, August 15, 1971 when Nixon took us off the gold standard, although there were several stages before that. August 1971 was just the final step.
The average price of a pound of ground beef rose to $6.12 in June, up nearly 12% from a year ago, according to U.S. government data. The average price of all uncooked beef steaks rose 8% to $11.49 per pound, per data.
On the Jersey Shore, Delaware beaches and in the Poconos, travelers are spending less. This comes as as President Donald Trump's trade wars and immigration crackdown appear to be dampening the recent summers' post-pandemic travel boom.
About half of all Americans say the cost of groceries is a "major" source of stress in their life right now, while 33% say it's a "minor" source of stress.
China's State Taxation Administration on Monday released value-added tax (VAT) invoice data for the first half of 2025, revealing steady growth in sales revenues among businesses nationwide.
The US president will make two personnel decisions that will have an outsized influence on the American economy and the financial markets' understanding of it.