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.
Tag: U.S. Economy
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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.
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TOP TREND 2023, OFFICE BUILDING BUST: ‘TOO HISTORIC TO TEAR DOWN, TOO COSTLY TO SAVE’
A growing number of cities face a dilemma, according to The Wall Street Journal: historic office towers that hold a portion of the city’s identity are no longer able to pay their own way and fail to qualify for conversion to other uses, but preservationists militate against blowing them up or tearing them down.
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AI PLAYS LARGER ROLE IN U.S ECONOMY AS CONSUMER SPENDING WEAKENS
Some economists have argued that the tech sector—specifically the boom in AI spending—has been the single most important component in U.S. economic growth this year.
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CONSUMERS ARE COOKING MORE AT HOME, BOOSTING GROCERY SALES
Continued inflation and worries about their economic future have more consumers eating at home, a worrying trend for the larger economy but a nice boost for the grocery business.
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DOGE’S COST-CUTTING CAMPAIGN RESULTS
Elon Musk and the computer bro’s in his Department of Government Efficiency (DOGE) came into the government last January with a promise to cut federal spending by $2 trillion—almost a third of the entire federal budget.