Despite retreating Thursday after Donald Trump’s comments that bombing will continue in the Iran War, the three major U.S. stock indexes booked gains for the shortened week.
Author: admin
Post
CENTRAL BANKS DUMP U.S. TREASURY SECURITIES
In March, central banks cashed in $82 billion worth of their holdings of U.S. treasury securities at the Federal Reserve Bank of New York, reducing the volume of their securities there to the lowest since 2012, the Financial Times reported.
Post
GM FIRST-QUARTER SALES FALL BY MOST IN FOUR YEARS
General Motors’ sales in this year’s first quarter were 9.7 percent below those a year earlier as high sticker prices and interest rates kept buyers away, The Wall Street Journal reported.
Post
U.S. TRADE DEFICIT WAS LARGER IN FEBRUARY
February’s U.S. trade deficit grew 4.9 percent larger than January’s, rising to $57.3 billion.
Post
MORTGAGE RATE REACHES 6.46 PERCENT
Last week, the U.S. national average interest rate on a 30-year fixed-rate mortgage climbed to 6.46 percent, rising from 6.38 percent the week before to its highest level since September.
Post
U.S. RETAIL SALES OUTPACED INFLATION IN FEBRUARY
In February, U.S. retail sales made their largest month-on-month gain since August, rising 0.6 percent.
Post
U.S. ECONOMY ADDS MOST JOBS IN 15 MONTHS
U.S. employers hired a net 178,000 more workers in March, the most in any month since December 2024, according to the U.S. labor department’s initial estimate.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Investors brushed aside concerns about a Mideast war, a U.S. stock market that delivered its worst quarter in four years, $100-a-barrel oil, and a bond sell-off to announce a record 22 deals with a value of at least $10 billion each during this year’s first three months.
Post
SPOTLIGHT: ECONOMIC UPDATE FROM THE IRAN WAR FRONT
Amid skyrocketing energy prices, the government of the Philippines has ordered people to work from home if they are able to in order to save fuel usually spent on commuting.