While the Dow posted its longest winning streak since December, the plantation workers of Slavelandia—people that used to be called middle and lower class—are on a losing streak.
Tag: U.S. Economy
Post
PLANTATION WORKERS OF SLAVELANDIA SUFFERING FROM INFLATION
Forty-one percent of Americans responding to an April Gallup poll said inflation or the high cost of living is their main economic concern. The number has risen for three years running, from 32 percent in 2022 to 35 percent in 2023.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
Post
TOP TREND 2023: OFFICE BUILDING BUST
The number of commercial real estate sales in Europe during this year’s first quarter was 26 percent below the same period in 2023, falling to a value of €34.5 billion, the Financial Times reported.
Post
UPS REVENUE SHRINK SIGNALS SLOWDOWN
Global package handler UPS posted revenue 5.3 percent lower in this year’s first quarter than the same period a year earlier.
Post
PEPSICO REPORTS HIGHER PROFITS ON LOWER SALES VOLUME
PepsiCo reported first-quarter sales revenue 2.3 percent above those a year earlier to $18.25 billion, beating analysts’ forecasts, even though sales volume dropped 2 percent during the period.
Post
HOSPITAL PRICES AND PATIENTS PAY MORE AFTER MERGERS
After hospitals merge, their prices for patient care rise and patients indirectly are handed a large share of the higher bill, according to a study published 24 April by the American Economic Review.
Post
WHITE-COLLAR HIRING HAS STALLED
The rate of hiring in accounting, finance, law, media, professional services, and technology is only about a third of that for the labor market as a whole, Bloomberg reported.
Post
INFLATION HOLDS, GROWTH SLOWS IN FIRST QUARTER
The U.S. economy grew by 1.6 percent in this year’s first quarter, adjusted for inflation, the commerce department reported.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
From housing to healthcare, from junk food to soda, across the spectrum inflation is eating away at consumers’ disposable income, and they are feeling the pinch.