Aside from a post-COVID spurt, real income for U.S. workers in their prime earning years ages 25 to 54 is growing at its slowest pace since the economy began to recover from the Great Recession more than a decade ago, the JPMorgan Chase Institute reported.
As we had forecast on 16 October, gold prices had for the time peaked and there would be at least a $500 correction. Today gold was trading at $4,006 per ounce but as we go to press spot gold is selling $3,935 per ounce.
It’s clear that the US economy is in trouble, that is obvious. What is more concerning to me, is the pace of the slowdown/contraction…
PUBLISHER’S NOTE: As Trends Journal subscribers well know, on 28 January we had forecast Dot-com Bust 2.0., and on 5 February that was the illustration on the cover of our magazine. Despite our forecast, it was totally ignored by the mainstream business media. But now that reality of overinvestment in AI can no longer be ignored. Indeed, this......
Private equity heavyweights Blackstone and TPG have partnered to buy Hologic, which develops technologies to diagnose and treat health conditions. It specializes in women’s medical concerns.
U.S. beef prices are setting records due to shrinking beef herds amid steady consumer demand.
In September, sales of existing U.S. homes rose 1.5 percent from August to 4.06 million units, the most since February, the National Association of Realtors reported.
Scope, a major European rating agency, reduced the U.S.’s creditworthiness by one notch last week, pointing to the continued deterioration in fiscal conditions and a growing inability to govern.
Last month, the U.S. Consumer Price Index rose to 3 percent after ending August at 2.7 percent. Stock markets were buoyed by the news that the number squeaked in below analysts’ consensus forecast of 3.1 percent in a Wall Street Journal survey.
The average cost of a family plan health insurance policy will jump 6 percent to about $27,000 in 2026, according to a survey of employers by the nonprofit KFF health research group, marking the third consecutive year in which the price has spiked.