The prices factories charge wholesalers and similar customers for their products were unchanged in July after falling 0.1 percent in June.
Tag: U.S. Economy
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U.S. RATE OF INFLATION SLOWS IN JULY
Despite the Iran War’s turmoil, U.S. inflation slowed to 3.4 percent last month after running at 3.5 percent in June and 4.2 percent in May.
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MARKET OVERVIEW
Retail sales in July slipped 0.6 percent from June’s level, the commerce department reported last week, to mark the first decline in sales since last October.
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U.S. CREDIT CARD DEBT WAS $1.26 TRILLION IN THE SECOND QUARTER
Americans added $21 billion to their credit card balances over April, May, and June this year, bringing the total debt to $1.26 trillion in this year’s second quarter, just shy of last year’s record $1.28 trillion, the Federal Reserve Bank of New York reported.
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CORPORATE CEO PAY SOARS, WEALTH GAP WIDENS
Elon Musk’s trillion-dollar payday has emboldened other corporate boards to increase pay for their own chief executives, according to a report by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO).
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ECONOMIC UPDATE
As we have detailed, by the facts, the Presidential Reality Show® champion Donald Trump and his cast of Cabinet clowns keep lying about how and why the U.S. and Israel launched the illegal Iran War, who is winning, who is losing, when it will end, who is paying the price…
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U.S. ANNUAL BUDGET DEFICIT BIGGEST IN FIVE YEARS
The U.S. treasury’s deficit for fiscal 2027 rose to $1.8 trillion by the end of July as Medicare costs and interest payments on the national debt both increased.
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MARKET OVERVIEW
News that the U.S economy lost 23,000 jobs in July gave investors new confidence that the U.S. Federal Reserve will not raise its interest rates next month.
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MCDONALD’S SALES GROWTH SLOWED IN SECOND QUARTER
Among McDonald’s U.S. restaurants that have been operating for at least a year, sales grew by 0.8 percent in the year’s second quarter, the slowest increase since 2025’s first three months.
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U.S. LUMBER PRICES ARE THEIR HIGHEST IN FOUR YEARS
Lumber prices jumped during the COVID War when people locked down at home took on building and renovation projects and timber mills sent workers home.