Wealth Consulting Group CEO on State of Economy Following March Jobs Report
Wealth Consulting Group CEO Jimmy Lee joined Cheddar News this week to discuss the state of the economy after the Labor Department's March jobs report. The update showed that hiring slowed last month but according to Lee, the economy is still strong. "The consumer is still spending," he said. "We're starting to see some of the effects of higher interest rates and its going to hit earning a little bit for stocks but I think that it's going to be until probably summer time when the consumer really gets tested."
Saudi Arabia will extend a cut in the amount of oil it sends to the world after a series of previous reductions by members of the OPEC+ alliance of major producing countries failed to prop up prices.
The first commercial airliner to cross the Atlantic on a purely high-fat, low-emissions fuel flew Tuesday from London to New York in a step toward achieving what supporters called “jet zero."
