During the week ending 24 May, 240,000 people filed new claims for unemployment benefits.
Tag: U.S. Economy
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INFLATION FALLS TO 2.1 PERCENT, VIRTUALLY MATCHING FED’S TARGET
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
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U.S. ECONOMY SHRINKS 0.2 PERCENT IN FIRST QUARTER
The American economy contracted by 0.2 percent in 2025’s first quarter, compared to 2.4 percent growth in 2024’s final three months. It was the first quarterly contraction since 2022.
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ECONOMIC UPDATE—MARKET OVERVIEW
Again and again, for all to see, and all to wonder, “Round and round and round it goes, where it stops, nobody knows.” Remember, two of our Top Trends for 2025 were WILD CARDS: THE JOKER’S WILD and THE TRUMP CARD, and both those cards are continually being played. That is a fact of life......
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McMANSIONS DAYS ARE OVER, NEW STARTER HOMES ARE SMALLER BUT NOT THAT CHEAP
Remember the days back in the late 90s and early 2000s when Baby Boomers were moving into big homes, many mass-produced? Those days are over. Now, with income levels declining, those who can afford a home are going small. But small is still expensive.
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SPOTLIGHT: BIGS GETTING BIGGER
AT&T is buying Louisiana-based Lumen Technologies’ fiber optic network for $5.75 billion in cash, the companies announced last week.
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U.S. “THROWS IN THE TOWEL” ON SHIFT TO CLEAN ENERGY, PODESTA SAYS
Donald Trump’s “big beautiful” tax and spending bill just passed by the U.S. House of Representatives guts clean energy incentives for businesses and households and ends them sooner, analysts say.
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‘BYE, ABE. U.S. TREASURY WILL STOP MAKING PENNIES
The U.S. treasury will make no more pennies after it uses up the final batch of blank disks it ordered this month.
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LOANS TO NON-BANK FINANCIAL INSTITUTIONS SPARK CONCERNS
U.S. banks are loaning more and more money to private credit lenders and private equity firms that can use the money for high-risk or speculative investments, leading regulators to worry about the growing tie between the two sectors.
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U.S. HOME SALES SLOWED AGAIN IN APRIL
In April, sales of existing homes slipped 0.5 percent from March to four million units, marking the slowest April since 2009 when the Great Recession was underway, the National Association of Realtors (NAR) reported. April’s result was 2 percent below that in April 2024.