Last Friday, the Dow Jones Industrial Average fell 652 points as Thursday’s rout in tech stocks spread more widely across sectors.
Tag: U.S. Economy
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HOME SALES SLOWEST IN 25 YEARS AS MORTGAGE RATES RISE AGAIN
September’s pending home sales – homes for which buyers signed sales contracts – fell to their lowest number since at least 2021 as the average national U.S. mortgage rate reached as high as 7.45 percent, its highest since November 2023, the National Association of Realtors (NAR) reported.
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ENERGY COSTS FUEL A NEW RISE IN GROCERY PRICES
Food makers are warning that higher diesel prices and rising shipping costs are now showing up in supermarket grocery bills.
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VOTERS’ PRE-ELECTION VIEW OF THE ECONOMY IS DARKEST EVER
U.S. voters have never felt this glum about the economy just before a national election, according to the University of Michigan’s bimonthly survey of consumer sentiment, which has been polling households since the early 1950s.
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ECONOMIC UPDATE
As we extensively detailed in last week’s Trends Journal, across the world, young people who are broke, busted and seeing worse times ahead are taking to the streets.
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MARKET OVERVIEW
The NASDAQ took its worst weekly beating since June, falling 2 percent on Friday alone and dragging the Standard & Poor’s 500 index down with it.
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ECONOMIC UPDATE
In trend forecasting, it is important to understand that all things are connected. Or as Chief Seattle said, “All things are connected like the blood which unites us all.”
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SPECIAL REPORT: AI’S RISK TO FINANCIAL MARKETS
The world’s economy has become so narrowly balanced on the AI boom that a sharp reversal in AI stock values could spark a global financial crisis, the International Monetary Fund has warned in its latest Global Financial Stability Report.
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WHAT BOND ROUT? INVESTORS GRAB U.S. TREASURIES
After dumping U.S. treasury bonds and notes during the current global bond selloff, some investors are now snapping them up.
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U.S. IMPORT PRICES ROSE MORE THAN EXPECTED IN SEPTEMBER
Americans paid 1.1 percent more for their imports last month than in August, a month for which the estimated increase was revised down to 0.5 percent.