In a made-for-television event, Donald Trump signed his “big, beautiful bill” into law on a White House terrace as military planes flew above and beaming Republican legislators surrounded Trump and applauded.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jul 8 2025
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DEL MONTE FOODS U.S. OPERATION GOES BELLY UP
The U.S. branch of Del Monte Foods, the processed foods division of Del Monte Pacific, has filed for Chapter 11 bankruptcy after it was unable to survive consumers’ prolonged post-2023 slowdown in grocery purchases.
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U.S. COMPANIES SCALE BACK HIRING PLANS
June’s jobs report showing a respectable 147,000 jobs added for the month included a sobering fact: a large swath of private-sector employers are not hiring.
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U.S. ECONOMY GROWS 147,000 NEW JOBS IN JUNE
U.S. employers took on 147,000 new nonfarm workers last month, beating analysts’ estimate of 110,000 and edging ahead of May’s upwardly adjusted 144,000. April’s total also was revised higher by 11,000 to a total of 158,000.
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ECONOMIC UPDATE—MARKET OVERVIEW
Love Trump, hate Trump, believe him, don’t believe him, by his deeds you shall know him.
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WALL STREET INCREASINGLY ALARMED BY U.S. DEBT CRISIS
With the annual U.S. budget deficit already climbing toward $2 trillion, Republicans in Congress dug the budget hole even deeper by passing Donald Trump’s “big beautiful” tax-cut legislation, which the latest projections say will add $3.4 trillion to the national debt by 2035.