Category: 2 May 2023

The number of newly built homes will increase this year by 4.5 percent compared to 2022, rising to 670,000 this year and 750,00 next year, the National Association of Realtors (NAR) has predicted.

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo Bank collectively wrote off $3.4 billion in loans gone sour during this year’s first quarter, 73 percent more than in the same period in 2022, Bloomberg reported.

As of 26 April, the U.S. Federal Reserve had made $155.2 billion in emergency loans to banks as the industry continued to wobble following the simultaneous collapse of Signature and Silicon Valley banks in mid-March.

Americans earning $200,000 a year or more filed 113,796 claims for unemployment benefits in recent weeks, the highest rate since the COVID War began to wane, according to Fundstrat Global Advisors.

Fascism, according to Benito Mussolini, is the merger of state and corporate powers.

During this year’s first quarter, wages and benefits paid to workers rose 1.2 percent, according to the U.S. labor department’s Employment Cost Index.

U.S. economic growth slowed to 1.1 percent in this year’s first quarter, bogged down by business’s reluctance to invest amid stubborn inflation, rising interest rates, and a cloudy economic future, Bloomberg reported.

In January, U.S. Federal Reserve chair Jerome Powell had a phone conversation with a man he believed—incorrectly—to be Ukrainian president Volodymyr Zelensky.

Merging with a special-purpose acquisition company (SPAC) was a speedy route to the stock market for hundreds of eager start-ups in 2021 and 2022.