U.S. military aid to Israel and Ukraine is helping to push this fiscal year’s budget deficit from the $1.4 trillion estimated in February to $1.9 trillion, the nonpartisan Congressional Budget Office (CBO) has projected.
Tag: U.S. economy
Post
THE AMERICAN MIDDLE CLASS IS VANISHING, PEW STUDY FINDS
The U.S. middle class, considered the economic home of most Americans and the engine of the nation’s economy, has been shrinking for 50 years, according to a new study by the Pew Research Center.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
Dot.com Bust 2.0 coming? Not according to The Street. It’s a Nvidia world of AI... which is no surprise to Trends Journal subscribers. “AI WE OWN YOU” was a Top Trend for 2023.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Kirin Holdings, which owns a variety of alcoholic beverage brands in Japan, is paying the equivalent of $1.4 billion to take over FANCL Corp., a maker of cosmetics and dietary supplements.
Post
TOP TREND 2023, OFFICE BUILDING BUST: SPECULATORS BUY TROUBLED OFFICE BUILDINGS AT BARGAIN PRICES
As the market for office buildings crashes, speculators are now buying select properties they think will rebound in value when the crash hits bottom.
Post
AFTER BAD YEAR, AMTRAK PAYS MILLIONS IN EXECUTIVE BONUSES
After losing $1.7 billion in 2023 and failing to meet targets upgrading its Acela service between Boston and Washington, Amtrak paid $5 million in executive bonuses, including more than $200,000 to each of 14 top managers...
Post
HOME SALES FELL AGAIN IN MAY
In May, 409,759 homes were sold in the U.S., the third-lowest monthly number in the past 10 years.
Post
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.
Post
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.
Post
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.