Today the U.S. equity markets hit fresh highs. As reported by CNBC, “The S&P 500 rose 0.23% to close at 6,890.89. It had surpassed the 6,900 level for the first time on an intraday basis earlier in the day.
Tag: U.S. Economy
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AMERICA’S TWO ECONOMIES ARE MOVING FURTHER APART
The tech industry is flying high on artificial intelligence (AI). The new technology accounted for 1.1 percentage points of U.S. economic growth in the third quarter.
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AI HAS CUT AT LEAST 17,375 JOBS FROM THE U.S. ECONOMY THIS YEAR
Businesses adopting AI have dumped 17,000 workers this year through 30 September, according to outplacement firm Challenger, Gray & Christmas. However, the total is likely more.
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WAS IT REALLY ONLY A ONE-DAY BANKING CRISIS?
Regional bank stocks crumbled Thursday after Zions Bancorp said it wrote off $50 million in the third quarter on bad loans to auto parts supplier First Brands, which filed bankruptcy late last month.
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IMF WARNS U.S. OVER BUDGET DEFICIT
The U.S.’s budget deficit remains the largest among the world’s richest nations even though tariffs are siphoning more of Americans’ income into the country’s treasury, the Financial Times reported.
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GROCERY PRICES ARE STILL RISING, PRESSURING CONSUMERS’ BUDGETS
During the 12 months ending 31 August, the retail price of coffee rose an average of 20.9 percent, according to U.S. Labor Department data. Ground beef was up 12.8 percent to a record average of $6.32 a pound.
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FEAR IS STALKING WALL STREET
As equity values continue to rise, U.S. stock markets are looking over their shoulders at a variety of factors they would rather not see.
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ECONOMIC UPDATE – MARKET OVERVIEW
As the old saying goes, what goes up must go down. And for Trends Journal subscribers, in my podcast last Thursday evening, when gold kept spiking and hit $4,284 per ounce, I had forecast that with gold prices rising sharply higher—at rates that were far faster than we anticipated—there would be a sharp correction in gold prices.
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HOW MUCH CAN THE AI BUBBLE STRETCH WITHOUT BURSTING?
Over the past 12 months, 10 startups in artificial intelligence (AI) have collectively gained about $1 trillion in market valuation.
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SPOTLIGHT: BIGS GETTING BIGGER
This year’s third quarter alone “featured the richest stretch of private equity (PE) dealmaking in years,” The Wall Street Journal said, led by the astonishing $55-billion acquisition of game maker Electronic Arts by a coalition of PE firms.