Investors continue to pile into the gold market even as the metal’s price has broken through $4,000 in the biggest rally in half a century.
Tag: U.S. Economy
Post
U.S. SERVICE SECTOR SLOWED IN SEPTEMBER
Business activity lessened in the U.S. service sector in September as costs continued to rise.
Post
SPOTLIGHT: BIGS GETTING BIGGER
The number of mergers and acquisitions topping $10 billion in value has set a record at 14 in this year’s third quarter, the Financial Times reported after analyzing data from the London Stock Exchange Group (LSEG).
Post
TOP TREND 2024: EV GO FU
A federal tax incentive of as much as $7,500 for the purchase of electric vehicles (EVs) ended 30 September, leaving auto companies and their dealers with an estimated 134,000 cars that suddenly cost thousands of dollars more than they did last month.
Post
CASH-STRAPPED CONSUMERS CUT BACK ON SNACKS
In another sign of a tightening economy, consumers have cut back on snack purchases as reflected in a sales slump for Conagra, maker of munchies ranging from Slim Jim jerky to David sunflower seeds.
Post
STUDENT LOAN DEBT IS EATING GEN X’S FINANCES
The oldest cohort of Generation X, which followed the Baby Boom generation, is closing in on retirement with many lacking the money to be ready for it. The reason: student debt.
Post
U.S. MORTGAGE RATES RISE, THWARTING POSSIBLE HOUSING RECOVERY
In the week ending 26 September, the U.S. national average mortgage interest rate rose for the first time in five weeks, stalling what had been a surge in home sales and an increase in applications for refinancing.
Post
COMPANIES ANNOUNCE FEWER LAYOFFS, ALSO SLASH HIRING PLANS
In September, U.S. employers announced layoffs affecting 37 percent fewer workers than in July. However, that bit of good news was darkened by announcements that companies plan to hire the fewest number of workers since 2009 in the months ahead, outplacement firm Challenger, Gray & Christmas reported.
Post
TARIFFS ARE BEGINNING TO NUDGE CONSUMER PRICES HIGHER
Donald Trump’s tariffs are pushing U.S. retail prices higher, although inflation has not jumped significantly, the Financial Times said, citing government data and corporate statements.
Post
U.S. LOSES JOBS IN SEPTEMBER
The U.S. economy lost 32,000 private-sector jobs last month, payroll processing service ADP reported. Economists in a Wall Street Journal survey had expected 45,000 new jobs to be added.