The yearly U.S. budget deficit hit $1.8 trillion in the fiscal year ending 30 September, the highest since 2021 when the COVID War was still under way, the Congressional Budget Office (CBO) reported.
Tag: U.S. economy
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ECONOMIC UPDATE – MARKET OVERVIEW
October Surprise? Take a look at the facts. October did not start off great for U.S. equities, however, the markets recovered with the S&P 500 hitting new highs.
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HALF OF AMERICANS UNABLE TO PAY BASIC BILLS ON TIME, CONSUMER CONFIDENCE SLUMPING
Half of Americans are unable to pay all of their basic monthly bills on time, such as rent or mortgage payments and utility bills, a Lending Tree survey of 2,040 adults found.
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TOP TREND 2023: OFFICE BUILDING BUST
At the 2020 onset of the COVID War and the shift to remote work, we correctly had forecast in May of 2020 that office buildings’ market value would plunge.
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FACTORY ORDERS TICKED DOWN IN AUGUST
In August, new orders coming to U.S. factories were 0.2 percent lower than in July, the commerce department reported.
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SERVICE ECONOMY GROWTH ACCELERATED IN SEPTEMBER
The U.S. service sector grew more than expected last month.
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ECONOMY SPROUTED 254,000 NEW JOBS IN SEPTEMBER, BUT NOT GOOD AS IT SEEMS
The U.S. economy grew 254,000 additional nonfarm jobs last month, the largest monthly gain since March. The spurt startled economists, many of whom had expected to see 150,000 at most.
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ECONOMIC UPDATE – MARKET OVERVIEW
On the Nature side, floods, hurricanes, dried up rivers, lakes and streams, forest fires etc., are the way of much of the world, and they will affect everything from food prices to immigration, from civil wars to regional wars.
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SPOTLIGHT: BIGS GETTING BIGGER
This year through September, $2.3 trillion worth of mergers and acquisitions were announced, growing the value of this year’s deals 17 percent above that of the same period in 2023, data service LSEG reported.
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AUTO LOANS ARE TURNING SOUR, CARMAX WARNS
For June, July, and August, used-car retailer CarMax reported a 14.4-percent loss in auto loan revenue, year on year, after analysts had forecast 7.4 percent growth.