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.
Author: admin (Kendrick Williams)
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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.
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HOME FORECLOSURE PRESSURES INCREASE IN THE K-SHAPED ECONOMY
In this year’s first quarter, legal requests related to home foreclosures leaped up 20.3 percent from a year earlier, according to LegalShield’s Consumer Stress Legal Index.
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IN MARCH, U.S. CONSUMER PRICES ROSE MOST IN FOUR YEARS
In March, the U.S. Consumer Price Index (CPI) shot up 0.9 percent above February’s level, the largest monthly jump since 2022 as the Iran War hiked gasoline prices by 35 percent or more.
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U.S. ECONOMY GDP BLUES
The U.S. Bureau of Economic Analysis (BEA) has downgraded its earlier estimate of the country’s economic growth in 2025’s final quarter to 0.5 percent.
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WIND POWER IS JUST MORE HOT AIR, REPORT SAYS
A newly released report found that wind farms are not the environmental saviors that environmentalists have long presented as an alternative to fossil fuels.
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MARKET OVERVIEW
The Dow Jones Industrial Average and Standard & Poor’s 500 index lost ground Friday, but all three major indexes posted gains for the week as traders held out hope that the ceasefire between Iran and the U.S. would endure.
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TRUMP CELEBRATED INDIAN COMPANY’S INVESTMENT IN NEW TEXAS REFINERY, BUT THE DEVIL IS IN THE DETAILS
President Donald Trump celebrated a project that would see a company based in India play a central role in a $300 billion deal to build the first new refinery on U.S. soil in 50 years, but the Financial Times reported last week that details of the deal remain murky and potentially embarrassing for the president.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market showed a mixed but generally steady pattern this week, as hiring activity continued at a measured pace while employers remain cautious about long-term commitments.
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UNFIT TO GOVERN: WE NEED A 25TH AMENDMENT FOR THE AMERICAN POLICE STATE
One week after posting a profanity-laced Easter message threatening to wipe out the entire civilization of Iran, Donald J. Trump, the 47th president of the United States, spent the night of April 12 and into the early morning hours unleashing a barrage of AI-generated images, threats and insults.