The so-called “K-shaped” U.S. economy continues to widen the gap between elite, affluent spenders and the more than half of American households that struggle to pay their bills, various news outlets are reporting.
Tag: inflation
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MARKET OVERVIEW – ECONOMIC UPDATE
U.S. equity markets posted their worst week since last November, despite an encouraging inflation report and an economy that grew more jobs than many had expected.
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WALMART JOINS THE TRILLION-DOLLAR CLUB
Walmart’s stock market value reached $1 trillion on 3 February, making it the 10thcompany and second retailer to enter a realm that has been the domain of tech firms.
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FED NOMINEE SEES AI AS PRODUCTIVITY BOON FOR U.S. ECONOMY
Kevin Warsh, Donald Trump’s choice as the next chair of the U.S. Federal Reserve, shares Trump’s conviction that the central bank’s interest rates must be much lower – and he thinks artificial intelligence (AI) is the way to make that work.
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U.S. CONSUMERS’ OUTLOOK SHINES A BIT BRIGHTER
Despite lingering concerns regarding inflation, tariffs, and the job market, U.S. consumer sentiment in the aggregate rose in February to its highest since last August.
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TRUMP MAKING BRAIN-DEAD BIDEN LOOK GOOD?
A newly released poll found that a majority of Americans – by a small margin – say they believe former President Joe Biden ran the country better than his successor, Donald Trump.
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SWISS FRANC SURGES ON DOLLAR’S WEAKNESS
Last week, the Swiss franc’s value climbed to 0.77 against the dollar after gaining more than 17 percent since the beginning of 2025.
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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U.S. PRODUCER PRICES JUMP AS COMPANIES PASS TARIFF COSTS TO CUSTOMERS
In December, the price producers put on their products rose 0.5 percent, more than double November’s 0.2-percent increase and the largest monthly jump since July.
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BEWARE OF AI-DRIVEN INFLATION, INVESTMENT MANAGERS WARN
Global stock markets, still high on euphoria and fear of missing out over artificial intelligence (AI), may be ignoring a key and growing risk: a rise in inflation driven partly by the tech frenzy itself, money managers are warning.