Inflation’s pace slowed steadily through the last half of 2023 but has been stuck at around 3.5 percent for much of this year.
Tag: U.S. economy
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HIGH-RISK BONDS ARE BACK IN STYLE
High interest rates are not keeping investors away from high-yield bonds, also known as junk bonds.
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ECONOMIC UPDATE – MARKET OVERVIEW
While the vast majority of the public is mostly tuned out to what in the world is going on and only repeat the bullshit they hear on “the news” that’s dished out by mainstream media Presstitutes—media whores who put out for their corporate pimps and government whoremasters—as the weather heats up, the fact-dead public will be more tuned out and less informed.
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ROBBER BARONS 2.0: CEO PAY SET A RECORD IN 2023
The median compensation for CEOs of top U.S. corporations rose to a record $15.7 million last year, up from $14.5 million the year before, according to a Wall Street Journal analysis.
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SPOTLIGHT: BIGS GETTING BIGGER
American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
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CAN’T AFFORD A CAR? COST OF AUTO INSURANCE STILL ON THE RISE
The cost of insuring a passenger car or pickup truck in the U.S. leaped up 22 percent in the 12 months ending 30 April, the Bureau of Labor Statistics said.
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CONSTRUCTION OF SINGLE-FAMILY RENTAL HOUSES SETS RECORD
In 2023, U.S. developers built 93,000 single-family homes as rental units, leaping 39 percent above the number in 2022 and setting a record, according to John Burns Research and Consulting.
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COPPER FUTURES PRICES SET RECORD
On 15 May, the price of copper for July delivery in New York shot past $5 a pound, or more than $10,000 a ton, gaining 11 percent over just the previous week to set a record on U.S. markets.
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HOSPITAL COSTS HELP KEEP INFLATION STRONG
The prices U.S. hospitals charge for care ballooned at an annual rate of 7.7 percent in April, the sharpest increase since October 2010, the Labor Department reported.
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INTEREST ON NATIONAL DEBT COSTS MORE THAN DEFENSE, MEDICARE
Since 1 October when the current federal fiscal year began, the U.S. government has paid $514 billion in interest on the national debt.