JPMorgan Chase, the richest U.S. bank, will invest $1.5 trillion over the next 10 years in projects that enhance U.S. self-sufficiency in critical materials and boost competitiveness in advanced technologies, executive chair James Dimon has announced.
In September, the U.S. trade deficit was its smallest since June 2020, the U.S. Commerce Department said, falling 11 percent from August to $52.8 billion.
The rise in the selling price of U.S. homes has been slowing for much of this year as more homes have come on the market and sellers have cut prices to entice a still relatively small pool of qualified buyers.
This year, U.S. retailers have dumped 140 percent more workers than they did in 2016, outplacement firm Challenger, Gray & Christmas reported.
In the week ending 5 December, new claims for unemployment benefits increased at the greatest weekly pace since 2021, The Wall Street Journal reported.
Federal data could be overestimating the U.S. economy’s job creation by as many as 60,000 jobs a month, U.S. Federal Reserve chair Jerome Powell told reporters after the bank’s Open Market Committee (OMC) shaved a quarter point off the Fed’s interest rates on 10 December.
As widely expected, the U.S. Federal Reserve’s Open Market Committee cut its key interest rates to their lowest in three years.
If the government didn’t do it, by the facts, people would call it a con-game. Frequently, a few months after they report the job numbers, they downwardly adjust them.
PUBLISHER’S NOTE: As Trends Journal subscribers well know, we were the first to call a Dot-com Bust 2.0 back in 28 January and it was the cover of our 5 February issue. Now, nearly a year later the reality is hitting the Street.