The 20-country Eurozone’s manufacturing sector produced 1.5 percent fewer goods in January, an unexpected decline after factory output fell 0.6 percent in December.
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SPOTLIGHT: TOKENIZED STOCK TRADING COMES TO THE U.S.
NASDAQ, crypto trading platform Kraken, and interested publicly traded companies are preparing a plan to begin trading stocks as digitized tokens on a blockchain.
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NINTH CRUSADE: MAMDANI TALKS ABOUT RECENT ISLAMOPHOBIC COMMENTS FROM ELECTED OFFICIALS
Zohran Mamdani, New York City’s Muslim mayor, spoke out last week about the increase in Islamophobic statements from elected officials in recent weeks.
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FREE SPEECH FOR ME BUT NOT FOR THEE
Last week, the chair of the Federal Communications Commission threatened to rescind the broadcast licenses of media entities that do not report events in Iran or Ukraine as the Trump administration would like them to be reported. He also attacked The Wall Street Journal and The New York Times for the same reasons. This followed......
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CAMPBELL CUTS 2026 FINANCIAL FORECAST
Campbell Co., maker of soups and snacks, cut its guidance for the current year, saying net sales will fall 1 to 2 percent compared to last year.
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SMALL BUSINESSES SENT MIXED MESSAGES IN FEBRUARY
U.S. small businesses were slightly less confident in February than in January but have higher hopes for the future, according to the newest monthly small business poll by the National Federation of Independent Business.
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SELLING PRICES FOR NEW CARS HAVE SOARED IN THE K-SHAPED ECONOMY
As more U.S. households have less disposable income to spend, buying a new car has increasingly become a privilege of the well-off, according to Reuters.
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U.S. TRADE DEFICIT NARROWED IN JANUARY AS GOLD EXPORTS SURGED
U.S. exports grew by 5.5 percent in January while imports rose by just 0.7 percent, resulting in a monthly trade deficit of $54.5 billion, 25 percent less than in December, the U.S. commerce department reported.
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U.S. INFLATION STAYS FLAT IN FEBRUARY. THAT WAS BEFORE THE WAR.
In February, the annual U.S. headline inflation rate was 2.4 percent, the same as in January, the U.S. labor department reported. Core inflation, which ignores food and energy costs, was paced at 2.5 percent, aligned with economists’ expectations.
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MORTGAGE INTEREST RATES JUMP AS WAR RAISES BOND RATES
Last week, the average U.S. national interest rate on a 30-year, fixed-rate mortgage reached 6.41 percent, Mortgage News Daily (MND) reported, the highest rate since last September.