John Deere, the maker of iconic green lawn tractors and other outdoor machinery, is in the midst of transferring several production lines to Mexico.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – June 11 2024
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FAST FOOD, FASTER PRICE INCREASES
From 2014 through 2023, prices at a dozen fast-food chains increased between 39 and 100 percent, while inflation over the same 10 years added just 31 percent to costs, according to a new study by financial website FinanceBuzz.
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SALES SLOW DOWN AT CAMPBELL, BATH & BODY WORKS
People ate fewer Goldfish crackers and Pepperidge Farm cookies in this year’s first quarter, dropping revenue 2 percent in Campbell Soup’s snacks division, the company reported.
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APARTMENT BOOM GOES BUST
From the COVID War through about the middle of last year, U.S. builders raced to keep up with a seemingly insatiable demand for apartments even as rents rose steadily. Builders bought land, planned projects, and began to seek financing.
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MOST MIDDLE-CLASS AMERICANS SAY THEY ARE FINANCIALLY INSECURE
Sixty-five percent of U.S. adults who qualify as middle class say they struggle financially and expect to do so for the rest of their lives...
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U.S. ECONOMY TACKS ON ANOTHER 272,000 JOBS IN MAY
Employers took on another 272,000 workers last month, the U.S. Labor Department reported, well above the average of 232,000 over the preceding 12 months and the 190,000 that economists had expected.
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ESG FUNDS BLEEDING CASH
As of June, U.S. investors have yanked a net $40 billion out of so-called ESG funds this year, including a record $14 billion in April, Barclays said. In Europe, the funds lost a net $1.9 billion in the same month.
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ECONOMIC UPDATE – MARKET OVERVIEW
The Street is patiently waiting for tomorrow’s decision after the Federal Reserve’s two-day meeting and hope for a statement that will help them better guess the central bank’s next move on interest rates.