After investing a decade and billions of dollars, Apple has ended its efforts to produce an electric vehicle (EV).
Tag: U.S. economy
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TOP TREND 2024: BANKS GO BUST
Fears for the banking industry were aggravated on 1 March when New York Community Bancorp (NYCB) admitted that the bank’s executives had found “material weakness” in the way the company monitors and weighs risks in its loan portfolio.
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MACY’S WILL CLOSE 150 STORES IN OWNERSHIP FIGHT
Macy’s announced that revenues and profits in 2023’s last quarter were better than expected.
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CONSUMER CONFIDENCE SLUMPS
After feeling more positive through the first half of February, U.S. consumers took a darker view of the nation’s economy just before March.
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U.S. NATIONAL DEBT GROWING BY $1 TRILLION EVERY 100 DAYS
The U.S. national debt reached $34.4 trillion on 28 February and added its two most recent trillion-dollar increases in about 100 days each, CNBC reported.
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FED’S FAVORITE INFLATION MEASURE FALLS: WILL INTEREST RATES FALL?
The Personal Consumption Expenditures Index (PCE), the U.S. Federal Reserve’s most closely watched inflation indicator, slowed to an annual rate of 2.4 percent in January, matching analysts’ expectations and within a short reach of the central bank’s 2-percent overall inflation target.
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ECONOMIC UPDATE – MARKET OVERVIEW
The worst of the global economic crisis is on our doorstep. A critical number of our socioeconomic and geopolitical trend forecasts that are shaping the future are there for all who subscribe to The Trends Journal to see.
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TOP TREND, OFFICE BUILDING BUST: PENSION FUND DUMPS OFFICE
The Canada Pension Plan Investment Board (CPIB) was one of the earliest pension funds to put money into commercial real estate, inspiring others around the world to do the same.
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SPOTLIGHT: BIGS GET BIGGER
Walmart will pay $11.50 a share in cash, or about $2.3 billion, to buy Vizio, a California company that makes television sets.
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SPOTLIGHT: BANKS GO BUST
A dramatic increase in late payments on commercial real estate (CRE) loans is sharply shrinking cash reserves that major U.S. banks have set aside to cover such losses.