Banks have cut lending to homebuilders by 10 percent over the past year.
Category: 10 September 2024
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FED OFFICIALS MULL HALF-POINT RATE CUT
Now that markets have priced in a 100-percent certainty that the U.S. Federal Reserve will cut its policy interest rates next week, speculators are wondering how large the cut will be.
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U.S. MANUFACTURING CONTINUES TO CONTRACT
In August, the Institute for Supply Management’s purchasing managers index grew to 47.2 from its July reading of 46.8 but remained below 50, indicating the sector is still in contraction.
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NUMBER OF UNFILLED JOBS IS LOWEST SINCE 2021
In July, U.S. employers posted 7.7 million available jobs, down from 7.9 million in June to the lowest number since January 2021, the labor department reported.
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ECONOMY ADDS ONLY 142,000 JOBS IN AUGUST
The U.S. economy sprouted 142,000 new nonfarm jobs last month, missing economists’ consensus estimate of 161,000 in a Dow Jones poll but improving significantly on July’s 89,000.
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INTEREST ON U.S. DEBT IS NOW $3 BILLION A DAY
The U.S. government’s debt has reached $35.3 trillion, carrying an interest payment of $3 billion a day at current interest rates, according to Torsten Sløk, chief economist at private equity firm Apollo Global Management.
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GAZA DEATH TOLL
For the past several weeks, The Trends Journal has been documenting the death toll in Gaza.
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FORGET STATUES: TEARING DOWN THE BILL OF RIGHTS
Authorities are growing tired of having to subvert and circumvent the highest law of the land.
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HEAT-RESISTANT MICROORGANISMS FIND HOSPITABLE ECOSYSTEM INSIDE MICROWAVES
A newly released study found that heat-resistant bacteria could thrive inside microwaves—despite the high heat—that can pose a risk to your health.
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THIS WEEK IN SURVEILLANCE
Part of Britain’s current surreal crackdown on the mildest forms of political dissent, including imprisoning people for reposting memes on social media critical of immigration policies, is being made possible by AI surveillance and tracking.