Billionaire hedge fund manager Scott Bessent, founder of Key Square Capital Management, is Donald Trump’s choice to become U.S. treasury secretary and to lead implementation of his controversial economic agenda.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 26 2024
Post
THE DEFINITION OF SUCCESS: $5.3 MILLION, AMERICANS SAY
To be considered financially successful, a person needs an annual salary of $270,000 or else a net worth of $5.3 million, according to the majority of the 2,203 people in a new survey by Empower, a financial services company.
Post
OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.
Post
U.S. ECONOMY NOW MORE VULNERABLE TO PRICE SHOCKS, FED OFFICIAL WARNS
The U.S. is now more vulnerable to inflation shocks than in the past, Thomas Barkin, president of the Federal Reserve Bank of Richmond, told the Financial Times.
Post
FACTORY ACTIVITY CONTINUED TO SHRINK IN OCTOBER
U.S. manufacturing output shrank 0.4 percent in October after contracting 0.3 percent in September, according to The Conference Board’s Leading Economic Index.
Post
U.S. BUSINESS ACTIVITY, CONFIDENCE STRONGEST IN MORE THAN TWO YEARS
Business activity in the U.S. is expanding at the fastest rate since April 2022, with businesses expecting demand to increase under incoming president Donald Trump’s policies.
Post
PALANTIR SHARE PRICE SOARS ON TRUMP PRIORITIES
Palantir Technologies, the Denver software firm co-founded by Peter Thiel, a vocal Donald Trump supporter and Elon Musk’s old partner in PayPal, has seen its market capitalization balloon by $23 billion since Trump’s election on 5 November.
Post
TRUMP PROMISES INSTANT NEW TARIFFS ON CANADA, CHINA, MEXICO
Donald Trump has said he will impose a new 25-percent tariff on all imports from Canada and Mexico and “an additional 10-percent tariff, above any additional tariffs" on imports from China on his first day in office.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
It’s a whole new economic game, and how it’s played and who will win is, at this point, a guessing game. By their gambling deeds, since the re-election of Donald Trump, The Street sees very happy times ahead for the U.S., while much of the world’s nations—as we detail in this and previous Trends Journals—see more economic downsides ahead.
