Snap Inc. shares sank 40% Tuesday morning after warning it would miss its own revenue and earnings targets, dragging the entire social media industry with it. The correction came just one month after the social media company had set those targets. “Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further…

China’s role as a leader in global manufacturing is fading, and you can blame COVID for the setback. COVID restrictions are increasing in Beijing and Tianjin, in addition to the ongoing and fluctuating lockdown in Shanghai. Straight Arrow News contributor and geopolitical strategist Peter Zeihan explains how these lockdowns will impact worldwide production for years.…

The Biden administration on Monday announced plans to tackle soaring home prices by increasing supply and providing financial assistance. President Joe Biden’s latest proposal would provide more rental and down-payment assistance, in addition to building and preserving hundreds of thousands of affordable housing units in the next three years.   Getting a hold of rising costs…

The U.S. economy is at a critical juncture. While the job market is rich with opportunities, prices are high due to historic inflation, and things are likely to get worse. According to the recent Labor Department JOLT Survey, data from February indicates the labor market is booming. It shows that once again, a near record 11.3…

The Biden administration is shopping around with some less than savory potential partners to lessen the blow of energy sanctions against Russia, and that may not even work. Venezuela, Saudi Arabia, and Iran–all well-known and fairly maligned regimes from right, left, and center of American politics–are all sitting on top of some of the largest energy…

The latest weekly unemployment claims report from the Labor Department shows initial claims dropped by 18,000 to 215,000 last week. That’s the lowest numbers since the turn of the new year. The four-week average for claims, which compensates for weekly volatility, fell by 6,000 to 230,500. While Thursday’s Labor Department report indicates a low number…

Millennials and zoomers are becoming the backbone of the American work force, and they are delivering some labor pains for the rest of the country. In order to understand the full picture of what in the world is happening in the labor force, you must remember that the boomers, the largest generation, are retiring in droves…

There was a mixed bag of news coming out of the December jobs report released by the Labor Department Friday. The unemployment rate fell to a pandemic low 3.9%, but the United States only added about 199,000 jobs. That’s down from the 210,000 jobs added in November, which in itself was the slowest hiring pace…

According to The Conference Board’s November Salary Increase Budget Survey published Tuesday, American workers are expected to see a wage bump of about 3.9% in 2022. Not only is that figure up from the 3% number reported in April, but it’s also the highest year-to-year wage bump since 2008. The estimated wage bump for American…

With only 210,000 jobs added in November, America’s employers saw the slowest hiring pace in nearly a year. In the monthly jobs report, the Labor Department also noted that the unemployment rate dipped from 4.6% to 4.2%, proof that many people reported they had a job. President Joe Biden played up the drop in the…