Donald Trump said he will ask the U.S. Congress to ban large institutional investors from buying single-family homes.
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CAR BUYERS ARE TAKING OUT EIGHT-YEAR LOANS
U.S. car prices have grown by 33 percent since the COVID War began and the average selling price surpassed $50,000 this fall, compared to $38,000 in early 2020, according to pricing standard Kelley Blue Book.
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U.S. MANUFACTURING SECTOR IS STILL SHRINKING
In December, the U.S. industrial economy contracted for the 10th consecutive month, according to the Institute for Supply Management’s manufacturing purchasing managers index (PMI).
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U.S. MORTGAGE RATE FALLS BELOW 6 PERCENT
The average national interest rate on a 30-year, fixed-rate mortgage dropped to 5.99 percent Friday after Donald Trump posted on social media that he will mandate government-linked home loan agencies Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds.
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U.S. SERVICE ECONOMY GROWS IN DECEMBER
The U.S. services sector continued growing in December, aided by holiday spending, the Institute for Supply Management’s purchasing managers index (PMI) showed.
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WEAK DECEMBER CAPS WORST YEAR FOR HIRING SINCE 2020
The U.S. economy added 50,000 nonfarm jobs in December, closing out the worst year for hiring since the COVID panic in 2020.
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U.S. PRODUCTIVITY WILL LEAD THE WORLD IN 2026, ECONOMISTS FORECAST
The U.S. will maintain or even widen its lead in economic productivity this year, according to 75 percent of economists in China, the Eurozone, U.K., and U.S. who responded to a December Financial Times survey.
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ONCE YOU TAKE THE STOP-FAT-SHOT, YOU CAN’T STOP
New research published last week in the British Medical Journal found that individuals who stopped taking their weight-loss medication can put on weight far more easily than those who have never taken the drug, raising new concerns about possible long-term side effects and affordability.
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‘FOREVER CHEMICALS’ LINKED TO LIVER DISEASE IN ADOLESCENTS
A newly released study into ‘forever chemicals’ found a link to a higher risk of liver disease in adolescents exposed to the chemicals found in water supplies and common household items.
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MAHA: TRUMP ADMINISTRATION ANNOUNCES ‘RESET’ OF FEDERAL NUTRITION POLICY THAT TARGETED HIGHLY PROCESSED FOODS
Robert F. Kennedy Jr., the head of the U.S. Health and Human Services, announced new guidelines last week that focused on the American diet that took special aim at highly processed foods and recommended more healthy fats and protein.