On 23 March, immediately before Donald Trump announced a delay in his threat to bomb Iran’s energy infrastructure, more than $800 million in oil futures were traded on the U.S. and global markets.
Tag: U.S. Economy
Post
U.S. CONGRESS CONSIDERS ANNUAL FEE FOR EVs
The U.S. Congress is considering imposing a $130 annual federal fee for all-electric passenger vehicles (EVs) and $35 for plug-in hybrids (PHEVs) under a bipartisan bill introduced last week.
Post
WALMART AND ITS CUSTOMERS FEEL THE FUEL SQUEEZE
Walmart customers are limiting their gasoline purchases, the retail chain said last week as it warned of rising prices along its store aisles.
Post
CONSUMER SENTIMENT FALLS TO ANOTHER RECORD LOW
U.S. consumers’ outlook on the present and future economy fell to another record low in May, the University of Michigan’s monthly survey of consumer sentiment found.
Post
U.S. INFLATION WILL REACH 6 PERCENT THIS QUARTER, ANALYSTS SAY
The rate of U.S. inflation will reach 6 percent in this year’s second quarter, according to economists in the Federal Reserve Bank of Philadelphia’s 22 May Survey of Professional Forecasters.
Post
ECONOMIC UPDATE
It’s a story that began some three months ago that started with lies, and the lies keep coming.
Post
SPOTLIGHT: THE PRIVATE CREDIT INDUSTRY CIRCLES THE DRAIN
With the FSB’s warning and HSBC’s object lesson, banks are likely to pull back even further on loans to private credit funds.
Post
CALIFORNIA’S JOB GROWTH HAS ALL COME FROM THE CARE INDUSTRY
From 1 March 2022 through 31 March 2026, the number of jobs in California’s healthcare and social assistance industry grew by 25 percent, according to U.S. labor department data analyzed by the Economic Innovation Group (EIG), a bipartisan research organization.
Post
TRUMP’S “GOLDEN DOME” WILL COST $1.2 TRILLION, CBO SAYS
Donald Trump’s Golden Dome missile defense system that would cover the continental U.S., Alaska, and Hawaii will cost $1.2 trillion as now planned, 15 times more than the $185 billion the defense department has projected, the Congressional Budget Office (CBO) has said.
Post
EV SALES BOOM WORLDWIDE BUT ARE FALLING IN THE U.S.
The Iran War has sent sales of new all-electric passenger vehicles (EVs) soaring in Asia, Europe, and Latin America – up 27 percent in Europe alone during April, according to data provider Benchmark Mineral Intelligence. New EV sales claim 20 percent of the new-car market Europe-wide, the European Automobile Manufacturers Association said.