Private equity firm BlackRock reported assets under its management at the end of the third quarter were valued at $13.46 trillion, compared to $11.48 trillion a year earlier.
Tag: inflation
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CONSUMERS ARE COOKING MORE AT HOME, BOOSTING GROCERY SALES
Continued inflation and worries about their economic future have more consumers eating at home, a worrying trend for the larger economy but a nice boost for the grocery business.
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THE NUMBER OF LATE-PAYING CAR LOANS CONTINUES TO RISE
As wage increases lag inflation and unemployment ticks up, low-income households are having a harder time keeping up with their car payments.
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EU WANTS PEOPLE TO STOP SAVING, START INVESTING
Europeans traditionally have saved a larger share of their incomes than Americans do.
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GLOBAL FACTORY ACTIVITY CRIMPED BY WEAKNESS IN CHINA AND THE U.S.
Factory output contracted around the world in September as U.S. economic activity slowed, demand in China weakened, and the ongoing U.S. tariff war made customers hesitate to buy, Reuters reported.
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TARIFFS ARE BEGINNING TO NUDGE CONSUMER PRICES HIGHER
Donald Trump’s tariffs are pushing U.S. retail prices higher, although inflation has not jumped significantly, the Financial Times said, citing government data and corporate statements.
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IS THE U.S. STOCK MARKET RALLY LIVING ON BORROWED TIME?
Interest rates are down, consumer spending is up, corporate earnings are strong, bond values have risen, and tax cuts are giving corporations more money for growth.
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SEASONAL HIRING TO BE THE LEAST IN 16 YEARS
Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
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CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
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CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.