Americans are buying fewer cars, tariffs are shrinking automakers’ margins, the shift to electric mobility has stalled, and a company making car loans to subprime borrowers recently collapsed, all indications that a key U.S. industry might be rolling downhill.
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
By several measures, consumer prices continued to rise again in August.
In this year’s second quarter, the U.S. economy grew by a robust 3.8 percent, the commerce department reported, not the 3.3 percent estimated earlier.
The European Chemicals Agency (ECHA) employed a Danish consultancy that lobbied for the very chemical companies that could be impacted by the agency’s effort to ban perfluoroalkyl and polyfluoroalkyl substances (PFAS)—better known as “forever chemicals.”
U.S. President Donald Trump spent the days leading up to his long social media post on how Ukraine could defeat Russia meeting with Keith Kellogg, his special ambassador for Ukraine, and Mike Waltz, his ambassador to the UN, according to a report in The Wall Street Journal.
U.S. President Donald Trump, the so-called peace candidate, came out Tuesday strongly behind Ukraine’s war effort and prospects against Russia and posted that Kyiv could very well win back all of its territory, wondering aloud if Moscow’s military is a “paper tiger.
At the end of this year’s second quarter, worldwide debt had climbed to $337.7 trillion as the world’s economy weakened, central banks reduced interest rates, and the U.S. dollar’s value continued to slump, the Institute of International Finance (IIF) reported.
U.S. President Donald Trump told reporters at the White House last week that he will not allow Israel to annex the West Bank—appearing for the first time since his reelection that he may have stood up to Israeli Prime Minister Benjamin Netanyahu.