IBM will invest $150 billion in its U.S. computer production facilities by the end of this decade, the company announced last week.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – May 6 2025
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BURGER CHAINS’ FIRST-QUARTER RESULTS: NOT A HAPPY MEAL
McDonald’s sales dropped 3.6 percent year over year in 2025’s first quarter, marking the biggest annual decline since the onset of the COVID War early in 2020, the company said. Net income was off by 3 percent.
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MORE AMERICANS ARE GLUM ABOUT THEIR ABILITY TO SAVE
A new survey has found that 67 percent of Americans are failing to reach their savings goals and 47 percent now believe they never will. The survey of 2,000 adults across all generations was commissioned by Current, an online financial services app.
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TRUMP’S FIRST 100 DAYS WORST SUCH PERIOD FOR STOCK MARKET IN 50 YEARS
The Standard & Poor’s 500 index of leading U.S. stocks lost 7.7 percent of its value during Donald Trump’s first 100 days in office, the worst outcome for any president’s first three months since Gerald Ford came to the White House in 1974, the Financial Times has calculated.
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U.S. MANUFACTURING CONTRACTS FURTHER IN APRIL
Last month, U.S. factories continued to cut back their output, reflecting a trend to thrift among consumers and worries over the impact of Donald Trump’s global trade war.
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U.S. ECONOMY ADDS 177,000 JOBS IN APRIL
U.S. employers took on an additional 177,000 nonfarm workers last month, signaling “a healthy state of balance” in the labor market, The Wall Street Journal said. The unemployment rate held steady at 4.2 percent.
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ECONOMIC UPDATE—MARKET OVERVIEW
After the U.S. equity markets rebounded from Donald Trump’s April 2 Liberation Day tariff slump, we forecast a pause and then more downward pressure on the market front.
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