In May, 409,759 homes were sold in the U.S., the third-lowest monthly number in the past 10 years.
Tag: U.S. economy
FED HOLDING BACK ON INTEREST RATE CUTS
The central banks of Canada and the European Union cut their interest rates this month for the first time in the current cycle, but the U.S. Federal Reserve is in no hurry to follow suit.
U.S. SMALL BUSINESS SENTIMENT INCHES UP
Owners of small businesses felt slightly more confident in May about their current and future prospects than they did in April, according to the National Federation of Independent Business’s (NFIB) Small Business Optimism Index.
CONSUMER BLUES
U.S. consumers’ gloom deepened again in June, according to the University of Michigan’s monthly survey of consumer sentiment, after also slipping in April and May.
ECONOMIC UPDATE – MARKET OVERVIEW
Once upon a time, America was the Land of Opportunity, with good-paying jobs.
SPOTLIGHT: BIGS GETTING BIGGER
Private equity firm Bain Capital is buying a controlling interest in PowerSchool, which provides school management software and cloud services, for $22.80 a share, which works out to a value of about $5.6 billion.
TOP TREND 2023, OFFICE BUILDING BUST: LATE PAYMENTS, FORECLOSURES CLIMBING AMONG OFFICE BUILDING LOANS
In May, the proportion of late-paying loans on U.S. office buildings rose to 7 percent, almost doubling from 4 percent a year earlier, data service Trepp reported.
JOHN DEERE SENDS HUNDREDS OF JOBS TO MEXICO
John Deere, the maker of iconic green lawn tractors and other outdoor machinery, is in the midst of transferring several production lines to Mexico.
FAST FOOD, FASTER PRICE INCREASES
From 2014 through 2023, prices at a dozen fast-food chains increased between 39 and 100 percent, while inflation over the same 10 years added just 31 percent to costs, according to a new study by financial website FinanceBuzz.