After a year of regulatory review—and after a change in presidential administrations—the three-member U.S. Federal Communications Commission (FCC) has approved Skydance Media’s $8-billion acquisition of Paramount Global.
Tag: U.S. Economy
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SPECIAL REPORT: TRUMP’S TARIFF WAR
The U.S. treasury has raked in an additional $55 billion so far in Donald Trump’s tariff war and most of it has come out of Corporate America’s pocket, The Wall Street Journal reported.
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U.S. ECONOMIC BRIEFS
American companies did more business overall this month as manufacturing sagged and the service sector showed its strongest month since December.
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HIGH INTEREST RATES, RECORD PRICES SINK JUNE U.S. HOME SALES
The spring selling season, the year’s busiest for residential real estate, flopped this year as mortgage interest rates were stuck above 6.5 percent and the median home price set a record in June.
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U.S. STOCK MARKETS: TOO MUCH OF A GOOD THING?
U.S. equity markets have climbed from record high to record high this year, with the Standard & Poor’s 500 index setting nine new records this month and the NASDAQ 13.
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ECONOMIC UPDATE—MARKET OVERVIEW
Go back to 2 April when President Trump announced his Liberation Day tariff war policies. Threatening to impose skyrocketing tariffs on nations across the globe, the equity markets tanked.
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SPECIAL REPORT: TRUMP CALLS FOR MAJOR U.S. PUSH IN ARTIFICIAL INTELLIGENCE
On 23 July, Donald Trump signed three executive orders calling for the accelerated expansion of the U.S.’s artificial intelligence (AI) industry and announced an “AI Action Plan.”
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TOP TREND 2023: OFFICE BUILDING BUST
An expected recovery in Europe’s commercial real estate market has failed to materialize, leaving property prices close to their lowest in almost a decade, Reuters reported.
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U.S. ECONOMIC BRIEFS
U.S. retail sales rose 0.6 percent in June from May, while inflation ticked up only 0.3 percent over the same period.
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SPOTLIGHT: THE U.S. HOUSING MARKET SLUMP
During the first week of July, mortgage applications to purchase a home or refinance a loan were 10 percent fewer than in the week before as the interest rate on a 30-year, fixed-rate loan rose from 6.77 percent to 6.82 percent, the Mortgage Bankers Association (MBA) reported.