Last year, for the first time since 2003, Mexico exported more to the U.S. than China did, the U.S. Census Bureau reported.
Tag: U.S. economy
U.S. TRADE DEFICIT WITH CHINA SMALLEST IN 13 YEARS
In 2023, the U.S. trade deficit with China fell to its lowest since 2010 as U.S. firms and government agencies continued to “reshore” and “friendshore” their suppliers to protect the flow of materials and in response to China’s stumbling economy and the country’s geopolitical tensions with the West.
SLAVELANDIA: RENTS GO DOWN FOR THE RICH, UP FOR THE POOR
As more and more low- and modest-income households find it harder to pay their rent, the well-off are being offered discounts on their housing costs.
JOBS MARKET REBALANCES, GIVING EMPLOYERS MORE POWER
For the past two years, companies were desperate for workers, raising wages and offering various work-related concessions. Now that the labor market has begun to rebalance, employers are regaining power in their dealings with employees, the Financial Times reported.
ECONOMIC UPDATE – MARKET OVERVIEW
Stocks dropped on Tuesday after hotter-than-expected inflation data for January spiked Treasury yields and raised doubts that the Federal Reserve would be able to cut rates several times this year, a key part of the bull case for the equity market.
IMF BOOSTS 2024 GROWTH FORECAST ON STRENGTH IN U.S., CHINA
The International Monetary Fund (IMF) has raised its global growth forecast for this year from 2.9 percent to 3.1 percent, citing a resilient U.S. economy, the Chinese government’s policy actions to revive its economy, and strength in some large emerging economies, including Brazil, India, and Russia.
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
U.S. REVENUE FROM ARMS SALES REACHES RECORD HIGH
The U.S. armaments industry grew its revenue 16 percent in fiscal year 2023 to a record $238 billion, the State Department reported on 29 January.
U.S. CREATES 353,000 JOBS IN JANUARY. WEAKNESS HIDDEN
The U.S. economy sprouted an additional 353,000 jobs in January, the labor department reported, almost twice as many as expected by analysts The Wall Street Journal had surveyed.
ECONOMIC UPDATE – MARKET OVERVIEW
What difference does it make as to what the equity markets are doing, why they are going up or down or the geopolitical and socioeconomic trends that are shaping the future?