Despite retreating Thursday after Donald Trump’s comments that bombing will continue in the Iran War, the three major U.S. stock indexes booked gains for the shortened week.
Category: 7 April 2026
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CENTRAL BANKS DUMP U.S. TREASURY SECURITIES
In March, central banks cashed in $82 billion worth of their holdings of U.S. treasury securities at the Federal Reserve Bank of New York, reducing the volume of their securities there to the lowest since 2012, the Financial Times reported.
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GM FIRST-QUARTER SALES FALL BY MOST IN FOUR YEARS
General Motors’ sales in this year’s first quarter were 9.7 percent below those a year earlier as high sticker prices and interest rates kept buyers away, The Wall Street Journal reported.
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U.S. TRADE DEFICIT WAS LARGER IN FEBRUARY
February’s U.S. trade deficit grew 4.9 percent larger than January’s, rising to $57.3 billion.
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
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MORTGAGE RATE REACHES 6.46 PERCENT
Last week, the U.S. national average interest rate on a 30-year fixed-rate mortgage climbed to 6.46 percent, rising from 6.38 percent the week before to its highest level since September.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to be shaped by economic uncertainty, technological change, AI and shifting worker expectations.
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U.S. RETAIL SALES OUTPACED INFLATION IN FEBRUARY
In February, U.S. retail sales made their largest month-on-month gain since August, rising 0.6 percent.
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U.S. ECONOMY ADDS MOST JOBS IN 15 MONTHS
U.S. employers hired a net 178,000 more workers in March, the most in any month since December 2024, according to the U.S. labor department’s initial estimate.
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SAY UNCLE: TRUMP REPEATS CLAIM THAT IRAN CAN’T HAVE NUKES, WARNS AGAIN THAT U.S. WILL DESTROY INFRASTRUCTURE BY TUESDAY’S DEADLINE
President Donald Trump addressed reporters outside the White House on Monday and committed to his self-imposed Tuesday deadline for Iran to agree to his administration’s terms for a ceasefire, and said Tehran, which has been defeated, does not want to say “uncle.”