AT&T is buying Louisiana-based Lumen Technologies’ fiber optic network for $5.75 billion in cash, the companies announced last week.
Tag: U.S. economy
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U.S. “THROWS IN THE TOWEL” ON SHIFT TO CLEAN ENERGY, PODESTA SAYS
Donald Trump’s “big beautiful” tax and spending bill just passed by the U.S. House of Representatives guts clean energy incentives for businesses and households and ends them sooner, analysts say.
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‘BYE, ABE. U.S. TREASURY WILL STOP MAKING PENNIES
The U.S. treasury will make no more pennies after it uses up the final batch of blank disks it ordered this month.
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LOANS TO NON-BANK FINANCIAL INSTITUTIONS SPARK CONCERNS
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
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U.S. HOME SALES SLOWED AGAIN IN APRIL
In April, sales of existing homes slipped 0.5 percent from March to four million units, marking the slowest April since 2009 when the Great Recession was underway, the National Association of Realtors (NAR) reported. April’s result was 2 percent below that in April 2024.
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HOW WILL THE BALLOONING U.S. DEFICIT AFFECT YOU?
The “big beautiful” tax cut proposal working its way through Congress will give U.S. households more money, although anywhere from 60 to more than 80 percent will flow to the richest 1 percent of Americans, various analysts have estimated.
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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ECONOMIC UPDATE—MARKET OVERVIEW
Among the articles in this week’s Trends Journal is how the median home selling price has soared 53 percent since 2019. Why? Because arrogant politicians locked down the nation to fight the COVID War in 2020.
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SPOTLIGHT: BIGS GETTING BIGGER
Charter Communications, which operates the Spectrum brand of digital telecommunications services, has agreed to pay $34.5 billion to merge with Cox Communications.
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REPUBLICANS GIVE EXTRA TAX BREAK TO PRIVATE BUSINESSES
Republicans drafting tax-cut legislation in Congress have spontaneously added an additional $104 billion in cuts for closely held businesses—enterprises owned by a small group, usually a family or handful of partners.
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