With the Iran War unsettled and consumers mired in gloom, U.S. corporations are piling up profits as fast as ever.
Tag: U.S. Economy
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U.S. CONSUMER SENTIMENT TANKS IN APRIL
U.S. households have never been as glum about the state of the economy as they were in April, according to the University of Michigan’s monthly survey of consumer sentiment.
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MARKET OVERVIEW
Once again last week, investors put their faith in new reports that peace talks between the U.S. and Iran were being planned.
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ECONOMIC UPDATE
As we have detailed with facts and data since Israel and the United States launched the Iran War two months ago, equity markets go up and oil prices go down following President Donald Trump’s statements – which have been proven false – that the U.S. defeated Iran and/or there is a ceasefire deal.
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MARKET OVERVIEW
U.S. stock markets erupted Friday after Iran declared the Strait of Hormuz “completely open” after agreeing to a 10-day ceasefire with Israel and the U.S., effective on that day.
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DOMESTIC OIL SUPPLY BUFFERS U.S. AS PRICES SOAR IN ASIA, EUROPE
Since the Iran War began, U.S. crude oil prices have largely remained below those of Brent crude, which sets world oil prices.
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U.S. INDUSTRIAL PRODUCTION DECLINED IN MARCH
U.S. manufacturing, mining, and utility output fell by 0.5 percent in March from February, according to U.S. Federal Reserve data, surprising economists who had expected a 0.1-percent increase, according to a Reuters poll.
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ECONOMIC UPDATE
Since Israel and the United States launched the Iran War on 28 February, the global economy has shifted from bad to worse.
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IRAN WAR RAISES THE ODDS OF A U.S. RECESSION
In February, Mark Zandi, chief economist at Moody’s Analytics, had placed the chance of a recession in the U.S. this year at 49 percent.
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USED EV SALES ZOOM IN U.S. AS IRAN WAR CONTINUES
During this year’s first quarter, used EV sales in the U.S. jumped 12 percent, year on year, and 17 percent compared to the previous three months, the Financial Times reported.