In January, sales of new U.S. single-family homes totaled 587,000, falling 17.6 percent year on year to the least since October 2022 when inflation was running at 7.7 percent, the U.S. census bureau reported.
Tag: U.S. Economy
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GAS PRICE SPIKE WILL ENDURE, ECONOMY WILL CONTRACT
Fifty-five percent of U.S. households are feeling “somewhat” pinched by higher gasoline prices and 21 percent report their finances have been impacted “a great deal,” by the increase, according to a poll released last week by Reuters and survey firm Ipsos.
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U.S. ECONOMY WILL CONTINUE TO SLOW, CONFERENCE BOARD SAYS
Consumer confidence is decreasing and home construction is slowing, two factors that will continue to drag on U.S. economic growth, The Conference Board research group said last week.
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S&P WILL OPEN TRADES IN “PERPETUAL FUTURES”
The U.S. flagship Standard & Poor’s 500 stock index will launch trading in “perpetual futures,” which trade constantly seven days a week on the Hyperliquid crypto exchange’s blockchain.
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TURNAROUND EFFORT SLASHES GENERAL MILLS PROFITS, EARNINGS
In its most recent fiscal quarter, General Mills reported profits were halved from a year earlier, falling from $625 million to $303 million, and earnings dropped from $1.12 a share to $0.56.
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ECONOMIC UPDATE
Where are the equity markets heading, will gold and silver prices keep falling, will oil prices keep rising, will global economies rise or fall?
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SPOTLIGHT: TOKENIZED STOCK TRADING COMES TO THE U.S.
NASDAQ, crypto trading platform Kraken, and interested publicly traded companies are preparing a plan to begin trading stocks as digitized tokens on a blockchain.
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CAMPBELL CUTS 2026 FINANCIAL FORECAST
Campbell Co., maker of soups and snacks, cut its guidance for the current year, saying net sales will fall 1 to 2 percent compared to last year.
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SMALL BUSINESSES SENT MIXED MESSAGES IN FEBRUARY
U.S. small businesses were slightly less confident in February than in January but have higher hopes for the future, according to the newest monthly small business poll by the National Federation of Independent Business.
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SELLING PRICES FOR NEW CARS HAVE SOARED IN THE K-SHAPED ECONOMY
As more U.S. households have less disposable income to spend, buying a new car has increasingly become a privilege of the well-off, according to Reuters.