Office landlords have finally accepted the idea that remote work is the new normal and they are culling the dead weight from their portfolios.
Tag: U.S. Economy
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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.
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
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MORTGAGE RATE REACHES 6.46 PERCENT
Last week, the U.S. national average interest rate on a 30-year fixed-rate mortgage climbed to 6.46 percent, rising from 6.38 percent the week before to its highest level since September.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to be shaped by economic uncertainty, technological change, AI and shifting worker expectations.
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U.S. RETAIL SALES OUTPACED INFLATION IN FEBRUARY
In February, U.S. retail sales made their largest month-on-month gain since August, rising 0.6 percent.
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U.S. ECONOMY ADDS MOST JOBS IN 15 MONTHS
U.S. employers hired a net 178,000 more workers in March, the most in any month since December 2024, according to the U.S. labor department’s initial estimate.
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ECONOMIC UPDATE
By the facts, as we have reported, President Donald Trump keeps saying one thing, doing another thing, or doing nothing.