U.S. investors cashed out a net $10.44 billion from U.S. equity funds in the week ending 10 September.
Tag: U.S. Economy
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INFLATION ATE WORKERS’ WAGE GAINS IN 2024
All but the richest U.S. households saw their incomes remain virtually flat during 2024, the census bureau said in a report released last week.
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ECONOMIC UPDATE — MARKET OVERVIEW
Tomorrow is the day The Street has been waiting for. The big guess is not “if” the Federal Reserve will lower interest rates, but will they drop them 25 basis points or 50 basis points? And there are expectations that they will continue interest rate cuts till year’s end.
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SPOTLIGHT: BIGS GETTING BIGGER
Mining giant Anglo American and copper-rich competitor Teck Resources will merge in an all-stock deal to achieve the mining industry’s largest combination in more than a decade.
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U.S. BANK REGULATORS SLACKEN OVERSIGHT MEASURES
Federal bank regulators are skipping some aspects of bank examinations as the Trump administration takes a less stringent approach to financial oversight, Reuters reported after speaking with several bank executives.
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DALIO WARNS OF DANGERS IN FED RATE CUT
Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, warned that the dollar and stock market are likely to weaken if the U.S. Federal Reserve cuts its key interest rate when the central bank’s Open Market Committee meets in the middle of this month.
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AI-RELATED PURCHASES ARE DRIVING U.S. ECONOMIC GROWTH
Economists have expected the boom in artificial intelligence (AI) to juice the U.S. economy, but most of those forecasts depended on businesses using the technology to boost their bottom lines.
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HEALTH INSURANCE COMPANIES RAISE PREMIUMS MOST IN 15 YEARS
Employer-funded health insurance plans are expected to rise in price 6.5 percent next year, the largest one-year bump since 2011, according to an analysis by Mercer Health & Benefits, which manages such plans.
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CLAIMS FOR JOBLESS BENEFITS MOUNT
More U.S. workers than expected filed initial claims for unemployment benefits last week, adding more evidence that the U.S. economy is slowing.
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U.S. CONSUMERS KEPT SPENDING IN JULY DESPITE PERSISTENT INFLATION
In July, U.S. consumer spending kept pace with core inflation, with both rising at 0.3 percent from June. It was the largest monthly gain in spending since April, according to data from the Bureau of Economic Analysis (BEA).