After Congress passed Donald Trump’s “big beautiful bill” last summer, the White House crowed that the measure’s tax cuts would “unleash our economy and deliver a Blue-Collar jobs BOOM!”
Tag: U.S. Economy
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FUEL SURCHARGES WALLOP SMALL U.S. BUSINESSES
Delivery services including FedEx, UPS, and the U.S. postal service are adding surcharges to their fees to cover the surge in fuel costs.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market showed a mixed but generally steady pattern this week, as hiring activity continued at a measured pace while employers remain cautious about long-term commitments.
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ECONOMIC UPDATE
As we continually note, there is no connection between Wall Street and Main Street.
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TOP TREND 2023: OFFICE BUILDING BUST
Office landlords have finally accepted the idea that remote work is the new normal and they are culling the dead weight from their portfolios.
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MARKET OVERVIEW
Despite retreating Thursday after Donald Trump’s comments that bombing will continue in the Iran War, the three major U.S. stock indexes booked gains for the shortened week.
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GM FIRST-QUARTER SALES FALL BY MOST IN FOUR YEARS
General Motors’ sales in this year’s first quarter were 9.7 percent below those a year earlier as high sticker prices and interest rates kept buyers away, The Wall Street Journal reported.
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U.S. TRADE DEFICIT WAS LARGER IN FEBRUARY
February’s U.S. trade deficit grew 4.9 percent larger than January’s, rising to $57.3 billion.
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
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MORTGAGE RATE REACHES 6.46 PERCENT
Last week, the U.S. national average interest rate on a 30-year fixed-rate mortgage climbed to 6.46 percent, rising from 6.38 percent the week before to its highest level since September.