U.S. households earning in the top 20 percent have seen their real incomes, adjusted for inflation, grow 46.2 percent since 1979, almost twice as much as any other income group, according to The Visual Capitalist.
Tag: U.S. economy
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms have committed to $2 trillion worth of deals that they have not yet funded, data service Preqin reported.
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PROSPECT OF RATE CUT PUSHES FED INTO POLITICS
The U.S. Federal Reserve always insists it scrupulously shuns any involvement in partisan politics.
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FEDS TO CUT INTEREST RATE NEXT MONTH
The U.S. Federal Reserve’s rate-setting Open Market Committee left the central bank’s interest rates untouched at last month’s meeting but signaled the likelihood of a rate reduction in September.
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CONSUMERS HAVE HIT THEIR LIMIT WITH HIGH FOOD PRICES
With consumers turning away from national brands and eating at home instead of out, food companies are scrambling to win back their customers while also trying to protect their margins and what have been comfortable profits over the past three years.
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U.S. PRODUCTIVITY GREW 2.3 PERCENT IN SECOND QUARTER
Productivity among American businesses grew by 2.3 percent in the previous quarter, the U.S. Labor Department reported, more than a fivefold improvement over the 0.4 percent booked during the year’s first three months.
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ECONOMIC UPDATE—MARKET OVERVIEW
We note that old Great Depression song, “What a Difference a Day Made” to show how, in just “24 little hours” the equity markets, like life, can go from the sky being stormy to “moments of bliss.”
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JOB GROWTH SLOWS SHARPLY, TANKING STOCK MARKETS
The U.S. economy added just 114,000 nonfarm jobs in July. The number was far below the 185,000 Dow Jones had expected, below June’s revised number of 179,000, and almost half of the 215,000 new jobs averaged over the past 12 months.
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SPOTLIGHT: BIGS GETTING BIGGER
German conglomerate Robert Bosch has agreed to pay $8.1 billion to take over the heating and air systems business now owned by a partnership between Hitachi and Johnson Controls International.
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MORE AMERICANS FALLING BEHIND ON CREDIT CARD PAYMENTS
An increasing number of Americans are unable to make their monthly credit card payments, according to data from the Federal Reserve Bank of Philadelphia.