Stock market churn, geopolitical strife, and Donald Trump’s chaotic tariff war have not hobbled the U.S. market for corporate mergers and acquisitions.
Tag: U.S. Economy
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SPECIAL REPORT: TRUMP SIGNS BIG BEAUTIFUL BILL INTO LAW
In a made-for-television event, Donald Trump signed his “big, beautiful bill” into law on a White House terrace as military planes flew above and beaming Republican legislators surrounded Trump and applauded.
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DEL MONTE FOODS U.S. OPERATION GOES BELLY UP
The U.S. branch of Del Monte Foods, the processed foods division of Del Monte Pacific, has filed for Chapter 11 bankruptcy after it was unable to survive consumers’ prolonged post-2023 slowdown in grocery purchases.
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U.S. COMPANIES SCALE BACK HIRING PLANS
June’s jobs report showing a respectable 147,000 jobs added for the month included a sobering fact: a large swath of private-sector employers are not hiring.
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U.S. ECONOMY GROWS 147,000 NEW JOBS IN JUNE
U.S. employers took on 147,000 new nonfarm workers last month, beating analysts’ estimate of 110,000 and edging ahead of May’s upwardly adjusted 144,000. April’s total also was revised higher by 11,000 to a total of 158,000.
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ECONOMIC UPDATE—MARKET OVERVIEW
Love Trump, hate Trump, believe him, don’t believe him, by his deeds you shall know him.
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WALL STREET INCREASINGLY ALARMED BY U.S. DEBT CRISIS
With the annual U.S. budget deficit already climbing toward $2 trillion, Republicans in Congress dug the budget hole even deeper by passing Donald Trump’s “big beautiful” tax-cut legislation, which the latest projections say will add $3.4 trillion to the national debt by 2035.
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ELECTRIC UTILITIES INVESTING $200 BILLION IN NEW POWER INFRASTRUCTURE
U.S. power companies are on trend to invest $212 billion in new power plants and transmission lines this year to meet the ravenous demand for electricity among artificial intelligence (AI) data centers, according to an analysis by investment bank Jeffries Group.
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CONSUMERS’ MOOD BRIGHTENS IN JUNE
Consumers were significantly more optimistic about the U.S. economy in June than in May, according to the University of Michigan’s monthly survey of consumer sentiment.
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FED BOARD REDUCES BANKS’ CASH RESERVE REQUIREMENT
The largest U.S. banks will be allowed to keep less cash on hand as a reserve against bad loans after a five-to-two ruling last week by the U.S. Federal Reserve’s Board of Governors.