The increase in genetically modified crops has led to a jump in the use of pesticides, according to a study published in April.
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SPOTLIGHT: U.S. ECONOMIC BRIEFS
As expected, U.S. factories received fewer new orders in April after customers surged their inventories in March to beat Donald Trump’s 2 April “Liberation Day” tariff announcement.
IS OFFICIAL U.S. INFLATION DATA STILL ACCURATE?
Last week, the U.S. Bureau of Labor Statistics (BLS) told a group of economists that a federal hiring freeze had left it unable to contact the usual number of businesses it uses to monitor price changes.
PRIVATE CREDIT COULD BE “LOCUS OF CONTAGION” IN A FINANCIAL CRISIS
Lending by private equity firms and other nonbank financial businesses has become so widespread that it could become a “locus of contagion” in any new financial crisis, a research group that includes researchers from the U.S. Securities and Exchange Commission and Moody’s Analytics said last week.
WALL STREET DISCOVERS THAT THE U.S. NATIONAL DEBT IS A PROBLEM
Now that the U.S. government’s interest payments on the national debt have topped $1 trillion—about 14 percent of the annual federal budget—more of the financial industry’s leaders are speaking, and speaking more urgently, about it.
U.S. MANUFACTURING SLOWS FURTHER IN MAY
U.S. factories’ output diminished a little more last month as manufacturers hesitated to make commitments amid Donald Trump’s swirling trade policies, The Wall Street Journal reported.
AS FORECAST, PRES. TRUMP DEMANDS FED LOWER INTEREST RATES
As we had long forecast, President Trump will keep pushing the Federal Reserve to lower interest rates. After the U.S. Bureau of Labor Statistics reported the U.S. economy added 139,000 jobs in May—more than expected—Donald Trump took to social media to demand that the U.S. Federal Reserve and its Chairman Jerome Powell lower the central bank’s interest rate.
U.S. ECONOMY ADDED 139,000 JOBS IN MAY
The number of U.S. nonfarm jobs grew by 139,000 last month, less than the adjusted 147,000 in April but still more than the 125,000 economists forecasted in a Dow Jones poll.