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.
Tag: U.S. Economy
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U.S. CATTLE RANCHERS HAVE A BEEF WITH DONALD TRUMP
U.S. beef prices are setting records due to shrinking beef herds amid steady consumer demand.
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U.S. EXISTING HOME SALES EDGED HIGHER IN SEPTEMBER
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.
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EUROPEAN RATINGS AGENCY DOWNGRADES U.S. CREDIT
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.
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INFLATION ROSE AGAIN IN SEPTEMBER BUT LESS THAN EXPECTED
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.
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HEALTH INSURANCE REACHES $27,000 FOR FAMILY PLAN
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.
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ECONOMIC UPDATE – MARKET OVERVIEW
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.
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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.