This winter heating season, Americans will pay about 9.2 percent more for the electricity and natural gas that heat more than 90 percent of U.S. homes, bringing the cost of keeping warm this winter to about $1,000 per household, The New York Times reported.
By the end of this year’s second quarter, the U.S. trade deficit stood at 3.3 percent of GDP, close to its level a year earlier, according to an analysis by the Financial Times.
Last month, sales of existing U.S. homes edged up 0.5 percent from October’s total but fell 1 percent short of the figure in November 2024, the National Association of Realtors reported.
The U.S. Consumer Price Index increased by 2.7 percent in November, down from 3.0 percent in September, the Bureau of Labor Statistics (BLS) reported.
Last week, the U.S. Bureau of Labor Statistics reported that the nation's inflation pace eased, but as we report in this issue of The Trends Journal, “Did Inflation’s Pace Ease In November?” The hard facts are showing that U.S. inflation is still high and the reality on The Street is that the higher inflation rises the deeper the U.S. dollar falls and falling it is.
Last week, the Bureau of Labor Statistics (BLS) reported November’s inflation rate at 2.7 percent and core inflation, which filters out energy and food prices, at 2.6 percent, both reversing a rise in September.
JPMorgan Chase, the richest U.S. bank, will invest $1.5 trillion over the next 10 years in projects that enhance U.S. self-sufficiency in critical materials and boost competitiveness in advanced technologies, executive chair James Dimon has announced.
In September, the U.S. trade deficit was its smallest since June 2020, the U.S. Commerce Department said, falling 11 percent from August to $52.8 billion.
The rise in the selling price of U.S. homes has been slowing for much of this year as more homes have come on the market and sellers have cut prices to entice a still relatively small pool of qualified buyers.
This year, U.S. retailers have dumped 140 percent more workers than they did in 2016, outplacement firm Challenger, Gray & Christmas reported.