It wasn’t only all-you-can-eat shrimp for $20 that drove the Red Lobster restaurant chain to claim bankruptcy on 19 May, an NBC News investigation says.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – May 28 2024
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BILLIONAIRE’S DAUGHTER ROILS ALASKA’S SOVEREIGN WEALTH FUND
In 2022, the daughter of David Rubenstein, billionaire cofounder of the Carlyle Group asset management firm, became a trustee of the Alaska Permanent Fund Corp. (APFC), the state’s sovereign wealth fund, with a mission of helping the fund update its investment strategy.
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MASSACHUSETTS SET TO LOSE ALMOST $1 BILLION IN TAXES AS THE RICH MOVE OUT
The state of Massachusetts could lose almost $1 billion in tax revenue annually by 2030 as well-off households flee the state’s high taxes and home prices, Boston University’s business school has calculated.
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LOWE’S, MACY’S, TARGET REPORT WEAKER SALES
The 1,900-store Target discount chain reported a 3.7-percent drop in overall sales in its most recent quarter ending in early May, making it the fourth consecutive quarter of shrinking sales for the company.
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SALES OF NEW HOMES SLUMP IN APRIL
In April, sales of newly built homes fell 4.7 percent from March and 7.7 percent year on year, the U.S. census bureau reported.
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AMERICANS FEELING ECONOMIC PAIN
Donald Trump insists the U.S. economy is “going to hell.” According to a new Harris poll, most Americans agree.
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FEDERAL DEBT LOAD WORRIES BOND INVESTORS AS ELECTION APPROACHES
With another round of U.S. treasury bonds to be unleashed onto an already flooded market late this summer, investors are expecting bond prices to fall, especially among long-dated bonds.
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SOME FED OFFICIALS UNSURE IF INFLATION CAN BE SLOWED FURTHER
Inflation’s pace slowed steadily through the last half of 2023 but has been stuck at around 3.5 percent for much of this year.
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HIGH-RISK BONDS ARE BACK IN STYLE
High interest rates are not keeping investors away from high-yield bonds, also known as junk bonds.
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ECONOMIC UPDATE – MARKET OVERVIEW
While the vast majority of the public is mostly tuned out to what in the world is going on and only repeat the bullshit they hear on “the news” that’s dished out by mainstream media Presstitutes—media whores who put out for their corporate pimps and government whoremasters—as the weather heats up, the fact-dead public will be more tuned out and less informed.