Record-high home prices are not the only things making it harder to buy a home these days.
Tag: U.S. economy
HOME SALES ROSE IN NOVEMBER BUT SLUMPED IN DECEMBER
U.S. pending home sales—contracts signed for purchases—increased in November for the fourth consecutive month, rising to a level not seen since early 2023, the National Association of Realtors (NAR) reported.
DELINQUENT CREDIT CARD ACCOUNTS ARE ON THE RISE
Late-paying credit card accounts in the U.S. are more numerous than at any time since the 2008 financial crisis, the Financial Times reported, as low-income households have run out of financial reserves after more than two years of relentless inflation.
CONSUMER CONFIDENCE SLIPPED IN DECEMBER
Last month, consumer confidence in the economy in 2025 fell unexpectedly, according to The Conference Board’s monthly survey.
JOBLESS CLAIMS FEWEST IN EIGHT MONTHS
During the week ending 28 December, new claims for unemployment benefits fell by 9,000 from the week before, dropping to 211,000 and reaching their lowest number since May.
DOLLAR INDEX REACHES TWO-YEAR HIGH AHEAD OF TRUMP INAUGURATION
On 2 January, the U.S. dollar index rose 0.8 percent in intraday trading against an assortment of other currencies, reaching its highest mark since November 2022.
ECONOMIC UPDATE—MARKET OVERVIEW
On the economic side of life in America, for Wall Street, the mood is upbeat and we forecast it will remain so for the next few months as Donald Trump takes over the White House. But, of course, there is no relationship between Wall Street and Main Street.
SPOTLIGHT: BIGS GETTING BIGGER
Private equity giant Blackstone is hoping to raise $5 billion to invest in life science ventures, according to a proposal the firm sent to the Teachers Retirement System of Louisiana that was seen by The Wall Street Journal.
GM PARKS ITS ROBOTAXI PROGRAM
After 10 years and $10 billion in costs, General Motors has abandoned its plan to create a self-driving taxi, saying the costs would continue mounting as competition becomes more intense.
SPOTLIGHT ON TRUMP
Following Donald Trump’s presidential victory, from Wall Street to Main Street, the polls are showing that there are high expectations for a more positive economic future.