The Dow Jones Industrial Average and Standard & Poor’s 500 index lost ground Friday, but all three major indexes posted gains for the week as traders held out hope that the ceasefire between Iran and the U.S. would endure.
Tag: U.S. Economy
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VW SUSPENDS EV PRODUCTION AT TENNESSEE PLANT
Volkswagen will halt production of its ID.4 all-electric SUV at its plant in Chattanooga, Tenn., and instead concentrate on making more of its Atlas internal combustion SUV, the company has announced.
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TRUMP PROMISED A BLUE-COLLAR JOBS BOOM. WHERE IS IT?
After Congress passed Donald Trump’s “big beautiful bill” last summer, the White House crowed that the measure’s tax cuts would “unleash our economy and deliver a Blue-Collar jobs BOOM!”
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FUEL SURCHARGES WALLOP SMALL U.S. BUSINESSES
Delivery services including FedEx, UPS, and the U.S. postal service are adding surcharges to their fees to cover the surge in fuel costs.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market showed a mixed but generally steady pattern this week, as hiring activity continued at a measured pace while employers remain cautious about long-term commitments.
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ECONOMIC UPDATE
As we continually note, there is no connection between Wall Street and Main Street.
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TOP TREND 2023: OFFICE BUILDING BUST
Office landlords have finally accepted the idea that remote work is the new normal and they are culling the dead weight from their portfolios.
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MARKET OVERVIEW
Despite retreating Thursday after Donald Trump’s comments that bombing will continue in the Iran War, the three major U.S. stock indexes booked gains for the shortened week.
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GM FIRST-QUARTER SALES FALL BY MOST IN FOUR YEARS
General Motors’ sales in this year’s first quarter were 9.7 percent below those a year earlier as high sticker prices and interest rates kept buyers away, The Wall Street Journal reported.
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U.S. TRADE DEFICIT WAS LARGER IN FEBRUARY
February’s U.S. trade deficit grew 4.9 percent larger than January’s, rising to $57.3 billion.