In May, 409,759 homes were sold in the U.S., the third-lowest monthly number in the past 10 years.
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FED HOLDING BACK ON INTEREST RATE CUTS
The central banks of Canada and the European Union cut their interest rates this month for the first time in the current cycle, but the U.S. Federal Reserve is in no hurry to follow suit.
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U.S. SMALL BUSINESS SENTIMENT INCHES UP
Owners of small businesses felt slightly more confident in May about their current and future prospects than they did in April, according to the National Federation of Independent Business’s (NFIB) Small Business Optimism Index.
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CONSUMER BLUES
U.S. consumers’ gloom deepened again in June, according to the University of Michigan’s monthly survey of consumer sentiment, after also slipping in April and May.
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WWIII: MEDVEDEV CALLS ON SEVERE RESPONSE TO LATEST ROUND OF U.S. SANCTIONS
Former Russian President Dmitry Medvedev said last week that Moscow should take off its gloves because the West has declared “war without rules” on Russia and said the Kremlin should use every weapon at its disposal to counter.
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TRADE WAR 2.0: CHINA BLASTS ‘HYPOCRITICAL’ G7
China lashed out at leaders from the G7 for “baselessly” accusing Beijing of destabilizing the world, from its business relationship with Russia during the Ukraine War to jeopardizing Western economies with oversaturation and a cheap workforce.
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‘SERVE’ IN CONGRESS, THEN COLLECT YOUR WINDFALL
Political prostitutes and their staffers make big bucks serving as a link between the government and private sector—so when a politician loses his seat, it often means a big pay day. Journalist Lee Fangjun compiled a short list of some of the political nobodies who went on to become millionaires. He called the revolving door......
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CHIQUITA BRANDS FOUND LIABLE FOR FUNDING COLOMBIAN DEATH SQUADS
Chiquita Brands, famous for its bananas, was found liable last week in eight killings by the United Self-Defense Forces of Colombia, a right-wing paramilitary group that the company bankrolled from 1997 to 2004.
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TOP TREND 2024, BANKS GO BUST: MORE BANK FAILURES AHEAD
It is old news for Trends Journal subscribers, but it is just making the “news” now. More U.S. regional banks are due to fail because of their “very high” concentration of teetering commercial real estate loans...
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UN: GAZAN CHILDREN ARE IN URGENT NEED OF TREATMENT FOR MALNUTRITION
The Israeli blockade has put over 50,000 children in Gaza at serious risk, and they need urgent medical intervention for acute malnutrition, the UN agency for Palestinian refugees said Saturday.