‘Trump Bump’ in Economy is Strongest in Deep Blue California
The deep blue Democrat stronghold of California has been the top beneficiary of what Wall Street analysts are calling the “Trump bump” in the economy.
The deep blue Democrat stronghold of California has been the top beneficiary of what Wall Street analysts are calling the “Trump bump” in the economy.
Twitter’s stock spiked up 20 percent on better than expected profits Thursday, but then fell back to a 10.89 percent gain in late trading as analysts questioned the quality of its earnings.
Silicon Valley’s unemployment rate has jumped almost a full point since May, to 3.9%. It could reverse California’s epic seven-year economic boom, and could lead to a crash just as epic.
Snapchat’s parent, Snap Inc., completed the largest initial public offering in the history of Los Angeles County by raising $3.4 billion in cash on a $24 billion market valuation of the Silicon Beach company on Wednesday.
Although Silicon Valley CEOs are trying to forget their efforts to back Democrat Hillary Clinton in the 2016 presidential election, social justice start-ups are thriving in an effort to facilitate a “pink tea party” movement.
The Conference Board, which measures consumer confidence, reports that consumers in the Golden State are more confident that they have been since 2007, before the Great Recession.