In the week ending 26 September, the U.S. national average mortgage interest rate rose for the first time in five weeks, stalling what had been a surge in home sales and an increase in applications for refinancing.
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COMPANIES ANNOUNCE FEWER LAYOFFS, ALSO SLASH HIRING PLANS
In September, U.S. employers announced layoffs affecting 37 percent fewer workers than in July. However, that bit of good news was darkened by announcements that companies plan to hire the fewest number of workers since 2009 in the months ahead, outplacement firm Challenger, Gray & Christmas reported.
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TARIFFS ARE BEGINNING TO NUDGE CONSUMER PRICES HIGHER
Donald Trump’s tariffs are pushing U.S. retail prices higher, although inflation has not jumped significantly, the Financial Times said, citing government data and corporate statements.
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U.S. LOSES JOBS IN SEPTEMBER
The U.S. economy lost 32,000 private-sector jobs last month, payroll processing service ADP reported. Economists in a Wall Street Journal survey had expected 45,000 new jobs to be added.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S. employers have laid off nearly 95,000 people in the first nine months of the year, according to a recent report by outplacement firm Challenger, Gray & Christmas.
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COLLEGE STUDENTS LONGING TO BE FREE FROM THEIR DEVICES, FLOCK TO THE ‘RECONNECT MOVEMENT’
There is a growing movement among college students in the U.S. to join meetup groups that ban smartphones and other tablets so they can enjoy each other’s company without the constant glow from these screens, with new messages and news updates.
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FEWER AMERICANS THAN EVER ARE SWALLOWING THE MAINSTREAM MEDIA’S BULLSHIT
The percentage of Americans who have confidence in the news they consume from the mainstream news has hit an all-time low, with just 28 percent of the population saying that they have a “great deal” or “fair amount” of trust in these outlets to deliver the news fairly and accurately, according to a newly released poll by Gallup.
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LARRY ELLISON, A MAJOR BOOSTER FOR RUBIO, ONCE VETTED THE CABINET MEMBER: REPORT
Larry Ellison, one of the world’s richest people and an influential advocate for Israel, vetted Marco Rubio back in 2015—when he was a senator from Florida—making sure he was sufficiently pro-Israel, and soon became a “major patron of the Cuban-American,” according to a report released last week.
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TRUMP LEVELS NEW THREAT AGAINST IRAN, SAYS NEXT TIME HE WON’T WAIT SO LONG TO BOMB COUNTRY
U.S. President Donald Trump gave a speech Sunday at a naval base in Virginia and issued a new warning to the Iranians about their nuclear program, and promised to act faster next time to thwart the program in its infancy.