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In This Issue

  • Reviving an old Copper Country whiskey brand
  • Keeping your independent contracting business legal
  • Eagle Mine public tours
  • Menominee Granite Celebrates 100 years

Latest Articles in Economy

Weekly Economic Release Summary: Industrial Production Seems Posed to Contract
Manufacturing growth has historically been the "canary in the coal mine" for economic trends. The question is what a dead canary means today - because manufacturing is flirting with contraction. One reason to question manufacturing's canary role is that its contribution to GDP has declined from 14.5 % in 2000

Earnings Data Deluge
Capping off the first week of unofficial earnings season we hear from several companies from a wide range of industries The good news is that most of the Q2 earnings results this morning were solid though like the full week of mostly strong reports marked notably by Netflix s 160

What Do Earnings From The Big Banks Tell Us?
I have often looked at the sources of profits for the big four money center banks banks, Citi ( C ), JP Morgan Chase ( JPM ), Bank of America ( BAC ), and Wells Fargo ( WFC ), and used that information to assess market prospects for the few months that follow. In this respect, banks are an exception. Most of the

Strong Economic Data
Initial Jobless Claims 160 remained very strong indicating continued robust domestic employment 216K new claims last week is in the middle of the 200 225K range we ve seen over the past few years This is higher than the downwardly revised 208K from the previous week and lower than the

Mixed Housing Data for June
Housing Starts and Building Permits for June metrics that are essential for tracking overall domestic economic growth came in mixed this morning The headline read for new 160 Housing Starts 160 reached 1 253 million seasonally adjusted annualized units higher than the 1 244

Better-Than Expected Retail Sales in June
Retail Sales 160 in June performed much better than expected with results posted ahead of today s opening bell 0 4 on the headline above the 0 1 expected Stripping out auto sales this number stays 0 4 and ex autos amp gas it balloons up to 0 7 The control number was also 0

Citigroup Opens Bank Earnings on Strong Note
The opening salvo on busy season for Q2 earnings reports was supplied by 160 Citigroup 160 C which outperformed expectations on both top and bottom lines during today s pre market hours Earnings of 1 95 per share easily beat the 1 80 expected and the 1 62 in the year ago

Marking Time on Monday
Overview:    The new record highs in US equities ahead of the weekend coupled with Chinese data that suggested the economy was gaining some traction as Q2 wound down is helping underpin risk appetites to start the week.  Japanese markets were closed today, but equities were mostly firmer in the Asia Pacific regions,

Weekly Economic Release Summary: Employment Growth In Decline
For months, our interpretation of JOLTS (BLS Job Openings and Labor Turnover Survey) has been that employment growth will be slowing. JOLTS again this past week continues to reaffirm the slowing growth forecasts. The graph below shows the general correlation between nonfarm payrolls (red line) and JOLTS (blue

PPI Edges Up in June
Following a fresh read on June s Consumer Price Index CPI yesterday morning today we see the other side of the coin 160 Producer Price Index PPI also for June and it also came out slightly ahead of expectations 0 1 growth on the headline compared with 0 1 expected and in