Last month, U.S. manufacturing activity shrank to its lowest point this year.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Nov 5 2024
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ALMOST A THIRD OF U.S. CAR LOANS ARE UNDERWATER
About 31 million of the roughly 100 million people making car payments owe more than their car is worth, putting the loan “underwater,” according to CarEdge, an online auto dealer.
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KEY INFLATION MEASURE FALLS TO 2.1 PERCENT IN SEPTEMBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation, ran at an annualized rate of 2.1 percent in September, according to government data.
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U.S. ECONOMY EXPANDS 2.8 PERCENT IN THIRD QUARTER
Government and consumer spending propelled the U.S. economy to expand by 2.8 percent in the third quarter, the commerce department reported.
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SPECIAL REPORT: AI AND THE MARKETS
Major tech firms will spend more than $200 billion this year on capital projects and even more in 2025 to build infrastructure for artificial intelligence (AI), according to their announced plans.
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ECONOMIC UPDATE – MARKET OVERVIEW
When you listen to the mainstream media, the future of the U.S. equity markets and the nation’s economy will all depend on who wins today’s race for the White House.
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ONLY 12,000 NEW U.S. JOBS IN OCTOBER
The U.S. economy created only 12,000 additional jobs in October as the strike at Boeing combined with businesses shut down by two hurricanes to crimp demand for labor, analysts said.