Signet Jewelers, the parent company of the Zales and Kay jewelry store chains, cut its 2023 financial outlook, saying the COVID lockdown killed sales and the following rise in inflation and interest rates has slashed demand for engagement rings.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jun 13 2023
During this year’s first quarter, online banks increased their total deposits while small and regional brick-and-mortar competitors were seeing depositors flee.
New claims for jobless benefits rose to 261,000 in the most recent week, rising 28,000 from the week before, the U.S. labor department reported.
The U.S. government will be forced to borrow another $1.1 trillion by selling short-term treasury bills after raising the debt ceiling earlier this month, analysts at JPMorgan Chase estimated.
All the economic eyes are on the central Banksters. What will they do next? Raise, lower or hold their interest rates.