Rocky Mountain Voice

Menu

Tag: Economy

Dow rebounds from massive drop after US delays tariffs against Mexico
No Comments
Approved, National, New York Post

Dow rebounds from massive drop after US delays tariffs against Mexico

By Ariel Zilber | New York Post Stocks rebounded just before noon on Monday after taking a sharp dive at the start of trading following President Trump’s decision to impose new tariffs on key US trading partners including China, Canada and Mexico — only for him to delay the levies following a conversation with the Mexican leader. The Dow Jones Industrial Average, which dropped by as many as 560 points, recovered to around the break-even point as of 11:21 a.m. Eastern Time on Monday. The S&P 500, which had declined by as much as 1.6%, was only down 0.55%, or 33 points while the Nasdaq, which lost 1.95% to drop nearly 400 points after the opening bell, rebounded to 0.92%, which was down 172 points. READ THE FULL STORY AT THE NEW YORK POST
Read More
Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history
No Comments
Approved, Fox Business, National

Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history

By Kristen Altus  | Fox Business Pitching a monumental and potentially controversial proposal to his Republican allies, President Donald Trump is seemingly floating the idea of scrapping federal income taxes altogether. "We had no income tax. The income tax came in…1913. As I said in my speech last week, instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens," Trump said during his conference address in Doral, Florida, on Monday. "It's time for the United States to return to the system that made us richer and more powerful than ever before," he added. "You know, the United States in 1870 to 1913, all tariffs. And that was the richest period in the history of the United States, relatively speaking." READ...
Read More
What will the Fed do with interest rates and how will Trump react?
No Comments
Approved, Fox News, National

What will the Fed do with interest rates and how will Trump react?

By Eric Revell  | Fox Business The Federal Reserve is set to announce its next interest rate move on Wednesday, which could prompt a reaction from President Donald Trump, who recently called for the Fed to lower interest rates. Members of the Federal Open Market Committee (FOMC) are expected to leave the target for the benchmark federal funds rate unchanged at a range of 4.25% to 4.5% — which would be the central bank's first pause in this rate-cutting cycle following three consecutive cuts that brought rates down from 5.25% to 5.5%. The Fed's anticipated pause could prompt Trump to renew his criticism of the central bank and Fed Chair Jerome Powell, following the president's call for lower interest rates last week. READ THE FULL STORY AT THE FOX BUSINESS
Read More
Colorado’s unemployment rate rises to 4.4%, the highest in three years
No Comments
Approved, State, The Colorado Sun

Colorado’s unemployment rate rises to 4.4%, the highest in three years

By Tamara Chuang | The Colorado Sun Colorado’s unemployment rate rose to 4.4% last month, up one-tenth of a percentage point and the highest in three years. At the same time, there are fewer job openings and fewer people filing to start a new business.  While that seems like the opposite direction state officials prefer, there were some positives and additional context to better understand what happened, Secretary of State Jena Griswold said during a news conference Monday.  “Job and GDP growth numbers are encouraging and indicate the economy is stabilizing after several years of inflation,” Griswold said. “Colorado remains in a strong economic position and the state and national outlook is positive.” READ THE FULL STORY AT THE COLORADO SUN
Read More
How the return-to-office order will affect 45,000 federal employees throughout Colorado
No Comments
Approved, State, The Colorado Sun

How the return-to-office order will affect 45,000 federal employees throughout Colorado

By Tamara Chuang | The Colorado Sun As per one of the new orders from President Donald Trump, remote work is ending for federal employees, who must return to the office full time. That could be a boon for downtown Denver, which hasn’t recaptured the office workers, visitors and companies it once had. But the impact of such a move will be a challenge to measure as efforts are already underway to complete 16th Street Mall construction, recruit new retail, restaurant and corporate tenants, and steer tax dollars to the central business district. Many may already be back in their downtown offices, if only a few days a week.  READ THE FULL STORY AT THE COLORADO SUN
Read More
Trump plans 10% tariffs on Chinese imports on Feb. 1
No Comments
Fox Business, National

Trump plans 10% tariffs on Chinese imports on Feb. 1

By Greg Norman  | Fox Business President Donald Trump announced he is planning a 10 percent tariff on Chinese imports on Feb. 1 over the country’s role in fentanyl trafficking.  "We're talking about a tariff of 10% on China, based on the fact that they're sending fentanyl to Mexico and Canada," Trump told reporters at the White House on Tuesday. "Probably February 1st is the date we're looking at."  When asked about a conversation he had with Chinese President Xi Jinping ahead of his inauguration this week, Trump added that "We didn't talk too much about tariffs other than he knows where I stand."  READ THE FULL STORY AT FOX BUSINESS
Read More
Kohl’s is closing 27 stores in 15 states, including Arapahoe Crossing location in Aurora
No Comments
Approved, Fox Business, National

Kohl’s is closing 27 stores in 15 states, including Arapahoe Crossing location in Aurora

By Aislinn Murphy  | Fox Business Twenty-seven "underperforming" Kohl’s stores are set to shutter this spring. The locations, named late last week by Kohl’s, will permanently close their doors by April, according to the Wisconsin-based retailer. "While Kohl’s continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores," Kohl’s said.  READ THE FULL STORY AT FOX BUSINESS
Read More
How much do ‘low-income’ workers make in Denver?
No Comments
Approved, kdvr.com, Local

How much do ‘low-income’ workers make in Denver?

By Heather Willard | KDVR-TV Fox 31 News If you are hoping to make it out of the “low-income” bracket in 2025, you’ll have to make over $35 per hour. That’s according to the calculations by the U.S. Department of Housing and Urban Development. HUD calculates home income limits to determine if applicants are eligible for subsidized housing. The numbers are calculated across the U.S. for each county and metro area. Anyone earning under 80% of the area’s median income is considered “low income” by HUD, while also taking into consideration the household size. According to the U.S. Census Bureau, Denver County’s median household income (in 2023 dollars) is $91,681 annually. That’s slightly lower than the state’s median income of $92,470. READ THE FULL STORY AT KDVR-TV FOX 31 NE...
Read More
Denver home prices are falling, but does that mean buying a house is affordable?
No Comments
Approved, Local, Westword

Denver home prices are falling, but does that mean buying a house is affordable?

By Catie Cheshire | Westword Denver had the seventh-highest drop in home prices in 2024, according to Realtor.com. But that doesn’t necessarily mean buying a home in Denver is affordable. Though the median list price of a home in Denver was down 5.35 percent in December 2024 compared to December 2023, the median list price is still $577,350. Still, real estate experts are taking the news of the drop as another sign that markets are leveling out from pandemic-induced, skyrocketing prices. “Austin, Denver, Phoenix and Nashville were the darling markets of 2021 and 2022 and places where prices went wild,” says Joel Berner, Realtor.com senior economist. “Now, with more homes on the market, prices are returning to where they belong.” READ THE FULL STORY AT WESTWORD...
Read More
Private sector adds 122,000 jobs in December, below expectations, ADP says
No Comments
Approved, Fox Business, National

Private sector adds 122,000 jobs in December, below expectations, ADP says

By Matthew Kazin  | Fox Business Companies in the private sector added 122,000 jobs in December, payroll processing firm ADP said on Wednesday. The figure is below economists’ estimates of 140,000 jobs and lower than the prior month’s reading of 146,000. "The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains," said Nela Richardson, ADP's chief economist. "Health care stood out in the second half of the year, creating more jobs than any other sector." READ THE FULL STORY AT FOX BUSINESS
Read More

Join us at RMV's Freedom Festival

Click Here for Tickets!

This will close in 0 seconds