Over the past year, a third of U.S. households were unable to pay all of their bills each month, according to a September poll by the Financial Health Network.
Tag: U.S. Economy
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THE AI BUILDOUT IS BECOMING THE BIGGEST SPECULATION IN U.S. HISTORY
The construction boom in AI data centers is shaping up to be the biggest bet in U.S. history made on an emerging technology, The Wall Street Journal reported.
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ECONOMIC UPDATE
As we have been detailing, by the facts and data, there is no relationship betweenWall Street and Main Street.
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MARKET OVERVIEW
U.S. equity markets had a tumultuous week. Chip stocks rallied yet again, lifting the NASDAQ and Standard & Poor’s 500 index. Leading AI executives urged a slowdown in their technology’s development. Uncertainty over rising bond yields and the U.S. Federal Reserve’s first-rate hike in three years dented the Dow Jones Industrial Average.
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WILL AMERICA’S DRIVERS SEE RATIONED MOTOR OIL?
Many newer cars require synthetic motor oil, not the old-fashioned “natural” stuff.
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HOW RECORD DIESEL PRICES WILL SHAKE UP THE U.S. ECONOMY
The Iran War has sent the price of diesel fuel to new records, peaking at a national average of $6.31 a gallon on 16 September.
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GM WILL MAKE MISSILE PARTS FOR LOCKHEED MARTIN
General Motors will assemble missile housing parts for Lockheed Martin.
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U.S. BANKS FORESEE LESS INCOME FROM STOCK TRADING THIS QUARTER
The surge in revenue from stock trading in this year’s second quarter is not likely to be repeated in the third, executives with major U.S. banks warned at an industry conference last week.
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FED’S RATE HIKE WORSENS PRIVATE EQUITY’S SQUEEZE
Investors in private equity funds have been waiting for fund managers to cash out long-held investments and pay a return on those investments. However, those investments have been stuck.
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NEW CLAIMS FOR JOBLESS BENEFITS FELL IN THE MOST RECENT WEEK
In the week ending 12 September, the number of new claims for unemployment insurance fell by 10,000 from the week earlier.