This is week 38 of our reporting the long trend-line of layoffs that signal recession in a country near you. Inflation and interest rate hikes are causing companies in many sectors to lay off employees.
Author: admin
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SALES OF NEWLY BUILT HOMES SURGE
Newly built homes made up about a third of homes listed for sale in March, according to the U.S. commerce department and the National Association of Realtors (NAR).
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FED HIKES RATE A QUARTER POINT, HINTS IT MIGHT STOP NOW
As expected, the U.S. Federal Reserve raised its key interest rates a quarter point on 3 May, setting them at 5 percent on deposits and 5.25 percent on loans, their highest levels since 2007 as the Great Recession set in.
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JOBS, WAGES BOTH RISE AGAIN IN APRIL
The U.S. economy sprouted 253,000 new nonfarm jobs last month, galloping past analysts’ consensus expectation of 180,000.
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CHINA OUTPACES U.S. IN INITIAL PUBLIC STOCK OFFERINGS
Initial public stock offerings (IPOs) in China raised five times as much money as U.S. IPOs in this year’s first quarter, the Financial Times reported.
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CORPORATE PROFITS EDGE UP
With about 70 percent of S&P-listed companies having reported their first quarter’s earnings, net profit margins of those companies have ticked up to 11.5 percent from 11.3 percent the quarter before, according to The Wall Street Journal.
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U.S. BANKING CRISIS: NOT OVER YET?
Regulators’ seizure of First Republic Bank on 1 May and its quick sale to JPMorgan Chase for $10.6 billion marked a new chapter in the U.S. banking crisis, not its end.
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HAPPY DAYS ARE NOT HERE AGAIN: AMERICANS THINK THEIR BEST DAYS ARE BEHIND THEM
A new Pew Research Center Survey suggests that The Trends Journal has its finger on the pulse of the American public that sees economic storm clouds on the horizon and the country’s best days in the rearview mirror.
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HUNGER STRIKER DEATH SPARKS ROCKET EXCHANGE BETWEEN PALESTINE AND ISRAEL
The recent death of a hunger-striking Palestinian prisoner inside an Israeli jail last week sparked new tensions between Israel and Palestine and raised fresh questions about the treatment of incarcerated prisoners in Israel.
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UKRAINE SPRING COUNTEROFFENSIVE NOT SPRINGING
Oleksii Reznikov, the Ukrainian defense Minister, tried to downplay expectations for his country’s upcoming counteroffensive and said expectations seem to be “overestimated in the world.”
