Retail sales during the November and December holiday season totaled $994.1 billion, the U.S. Commerce Department reported, a 4-percent bump over 2023’s total. Online sales rose 8.6 percent.
Author: admin
Post
MORTGAGE RATE RISES BACK UP OVER 7 PERCENT
The average U.S. interest rate on a 30-year, fixed-rate mortgage rose to 7.04 percent during the week of 6 January, the Federal Home Loan Mortgage Corp. reported, the first time since May the rate has topped 7 percent.
Post
INFLATION PICKED UP AGAIN IN DECEMBER
In December, U.S. inflation set an annual pace of 2.9 percent, compared to 2.7 percent in November. It was the sharpest one-month increase since February 2024, The New York Times noted.
Post
U.S. POISED TO FURTHER INCREASE ITS RECORD NATIONAL DEBT
The U.S. will run a $1.9-trillion budget deficit in this fiscal year, on top of the $36 trillion the country already owes, the nonpartisan Congressional Budget Office (CBO) reported.
Post
IMF BOOSTS U.S. GROWTH FORECAST FOR 2025
The U.S. economy will expand by 2.7 percent this year, the International Monetary Fund (IMF) has projected, increasing its forecast from the 2.2 percent it foresaw last October.
Post
GAZA DEATH TOLL
At least 47,035 Palestinians were killed and another 111,091 were injured during Israel’s 15-month campaign of genocide in Gaza.
Post
WILL TRUMP’S PICK TO LEAD SPY AGENCY MAKE DEEP STATE HAPPY?
U.S. President Donald Trump’s pick to lead the CIA, who will almost certainly be confirmed, told lawmakers that he envisions the agency becoming bolder in its missions when directed by the president.
Post
PHARMACY-BENEFIT MANAGERS MADE WINDFALL PROFITS BY HIKING DRUG PRICES: FTC
Major pharmacy-benefit managers pulled in $7.3 billion from 2010 to 2022 by driving up drug prices, according to a new report released by the Federal Trade Commission.
Post
RECENT RULE CHANGE WILL PUT CALIFORNIANS ON HOOK TO COVER COST OF RECENT WILDFIRES
Californians were still putting out what remained from this month’s massive wildfires in Los Angeles when they learned that they will likely be on the hook for higher home insurance payments as a result of the massive destruction—no matter how far they live from the fires.
Post
HERBICIDE GLYPHOSATE DANGEROUS FOR INFANTS
A commonly used herbicide called glyphosate impacted the health of newborns in rural areas across the U.S. by contributing to lower birth weights and shortened pregnancies when exposed to the mother during pregnancy, a new study said.