The financial distance between the richest and poorest Americans is continuing to widen and economists see nothing that will stop the trend, according to a new analysis by CNBC.
Tag: U.S. Economy
Post
USA: ’THE WORST JOB MARKET I’VE EVER SEEN’
Job opportunities for economists, especially young ones looking for a foothold in the profession, are the worst in years, The Wall Street Journal reported.
Post
U.S. GOVERNMENT BUYS 16 MILLION SHARES OF RARE MINERALS COMPANY
The Trump administration has issued a letter of intent to provide a $1.3-billion loan and $277 million in financing to USA Rare Earth, an Oklahoma company that mines rare earth minerals and uses them to produce high-tech magnets for the aerospace, defense, electric vehicle, and electronics industries.
Post
IN SURPRISE REVERSAL, HOME SELLERS OUTNUMBER BUYERS
After more than three years in which desperate home buyers bid up the prices of the near-historically low number of homes for sale, in December, there were about 45 percent more households trying to sell their houses than people who bought homes, despite mortgage interest rates falling to their lowest in about three years.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
Today gold prices spiked $173, selling at $5,180 per ounce and silver went up $8.31 selling at $112.09 per ounce.
Post
SPECIAL REPORT: GOLD, SILVER SET PRICE RECORDS
As Trends Journal subscribers will know, we called the bottom of gold in September 2023 when it was selling at $1,850 per ounce.
Post
SPOTLIGHT: TROUBLES WORSEN FOR THE LUXURY INDUSTRY
Saks Global, the retail conglomerate that owns high-end store chains Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, has filed for Chapter 11 bankruptcy after being unable to make a $100-million interest payment to bondholders last month on $5 billion worth of debt.
Post
WALL STREET JUMPS INTO THE BETTING INDUSTRY
With betting now legal on everything from sports events to whether it will rain in Tulsa on Tuesday, Wall Street wants in.
Post
MAJOR BANKS’ EARNINGS FALL SHORT
Bank of America (BoA), Citi, JPMorgan Chase, and Wells Fargo reported fourth-quarter earnings that disappointed analysts for a variety of reasons, despite a year that saw soaring stock markets and a lighter regulatory hand on the nation’s financial markets.
Post
INVESTORS YANK THEIR MONEY FROM PRIVATE CREDIT FUNDS
Investors drew out at least $7 billion from private credit funds in the last months of 2025, the Financial Times has calculated from funds’ filings with the U.S. Securities and Exchange Commission.