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Author: admin (Kendrick Williams)
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USED EV SALES ZOOM IN U.S. AS IRAN WAR CONTINUES
During this year’s first quarter, used EV sales in the U.S. jumped 12 percent, year on year, and 17 percent compared to the previous three months, the Financial Times reported.
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GOING OUT OF BUSINESS TRENDS
This week brought fresh signs of economic strain as an increasing number of businesses – from small local operators to well-known brands –announced closures, restructurings, or bankruptcy filings.
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INVESTORS FLEE JUNK BONDS
During the 30 days ending 6 April, investors yanked an average of $2.7 billion a week out of the junk bond market, fleeing to defensive positions as the Iran War’s economic fallout makes risky holdings even more so.
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SALES OF EXISTING HOMES DROP TO NINE-MONTH LOW
In March, U.S. sales of existing homes fell 3.6 percent, year over year, to 3.98 million, the slowest pace since June 2025, the National Association of Realtors (NAR) reported.
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CONSUMER SENTIMENT DROPS TO RECORD LOW IN NEW SURVEY
American consumers’ view of the country’s economy is worse than it has ever been, according to the University of Michigan’s latest monthly survey.
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UNEMPLOYMENT CLAIMS JUMP IN BEGINNING OF APRIL
In the week ending 4 April, new claims for jobless benefits rose 16,000 from the previous week to reach 219,000, the highest level since the week ending 7 February.