On 23 September, General Motors told employees that they are to be in their corporate offices at least three days a week beginning later this year.
Tag: U.S. economy
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HOUSING CRASH COMING?
In August, after sales of existing homes declined for a sixth consecutive month, the National Association of Realtors (NAR) predicted that “we may see two or three additional months of some decline—nothing meaningful," Lawrence Yun, NAR’s chief economist, told Business Insider.
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TIMBERRRR! LUMBER PRICES CRASH
On 27 September, lumber futures prices dropped to $429.30 per thousand board feet, falling 60 percent from their peak last March to levels preceding the COVID era and its building boom, according to Random Lengths, an industry research service.
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U.S. MORTGAGE RATES HIGHEST IN 15 YEARS
Last week, U.S. mortgage interest rates rose to their highest levels since July 2007 during the Great Recession.
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NEW WORLD DISORDER TREND: DOLLAR WREAKING HAVOC IN EMERGING MARKETS
The U.S. Federal Reserve is watching the turmoil that the strong dollar is causing in emerging markets, but still will continue to raise interest rates in its struggle to control inflation, Fed vice-chair Lael Brainard said at a Fed-sponsored conference last week.
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ECONOMIC UPDATE – MARKET OVERVIEW
Watch, look, and listen. The global economy is going down the drain. It has been flushed into ruin by egotists called politicians, central bankers, and bureaucrats that the masses look up to and obey.