Last month, sales of pre-owned homes rose 1.8 percent year on year but slipped 0.2 percent from July as mortgage interest rates rose once more, the National Association of Realtors (NAR) reported.
Category: 30 September 2025
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SEASONAL HIRING TO BE THE LEAST IN 16 YEARS
Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
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U.S. AUTO INDUSTRY’S FLASHERS ARE WARNING THE AMERICAN ECONOMY
Americans are buying fewer cars, tariffs are shrinking automakers’ margins, the shift to electric mobility has stalled, and a company making car loans to subprime borrowers recently collapsed, all indications that a key U.S. industry might be rolling downhill.
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CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
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CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
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INFLATION ROSE AGAIN IN AUGUST
By several measures, consumer prices continued to rise again in August.
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U.S. SECOND-QUARTER GDP WAS GREATER THAN FIRST REPORTED
In this year’s second quarter, the U.S. economy grew by a robust 3.8 percent, the commerce department reported, not the 3.3 percent estimated earlier.
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CRIME SYNDICATE: EU REGULATOR TASKED WITH SEEKING ‘FOREVER CHEMICALS’ BAN HIRES FIRM THAT LOBBIED FOR CHEMICALS MANUFACTURERS
The European Chemicals Agency (ECHA) employed a Danish consultancy that lobbied for the very chemical companies that could be impacted by the agency’s effort to ban perfluoroalkyl and polyfluoroalkyl substances (PFAS)—better known as “forever chemicals.”
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TRUMP’S NEW POSITION ON UKRAINE APPEARS TO HAVE BEEN INFLUENCED BY KELLOGG, AND WALTZ
U.S. President Donald Trump spent the days leading up to his long social media post on how Ukraine could defeat Russia meeting with Keith Kellogg, his special ambassador for Ukraine, and Mike Waltz, his ambassador to the UN, according to a report in The Wall Street Journal.
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TRUMP NOW SAYS UKRAINE CAN ‘WIN,’ EVEN TAKE SOME OF RUSSIA’S TERRITORY
U.S. President Donald Trump, the so-called peace candidate, came out Tuesday strongly behind Ukraine’s war effort and prospects against Russia and posted that Kyiv could very well win back all of its territory, wondering aloud if Moscow’s military is a “paper tiger.