The “big beautiful” tax cut proposal working its way through Congress will give U.S. households more money, although anywhere from 60 to more than 80 percent will flow to the richest 1 percent of Americans, various analysts have estimated.
Tag: U.S. Economy
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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ECONOMIC UPDATE—MARKET OVERVIEW
Among the articles in this week’s Trends Journal is how the median home selling price has soared 53 percent since 2019. Why? Because arrogant politicians locked down the nation to fight the COVID War in 2020.
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SPOTLIGHT: BIGS GETTING BIGGER
Charter Communications, which operates the Spectrum brand of digital telecommunications services, has agreed to pay $34.5 billion to merge with Cox Communications.
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REPUBLICANS GIVE EXTRA TAX BREAK TO PRIVATE BUSINESSES
Republicans drafting tax-cut legislation in Congress have spontaneously added an additional $104 billion in cuts for closely held businesses—enterprises owned by a small group, usually a family or handful of partners.
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TOP TREND 2024, BANKS GO BUST: BANK THAT BET BIG ON OFFICE REAL ESTATE FACES PRECARIOUS FUTURE
Bank OZK, based in Arkansas, made its way into big-time banking with what The Wall Street Journal called its “obsessive focus” on taking part in major loans to large office projects.
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U.S. ECONOMIC BRIEFS: APRIL RESULTS
In the week ending 10 May, 229,000 people filed new claims for unemployment benefits, the same number as the revised figure from the previous week, the U.S. Labor Department reported.
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RETAIL REAL ESTATE BOOM FLATLINES
In the wake of the COVID War, brick-and-mortar retail rebounded and so did the demand for store space.
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ARE BRITISH CAR MAKERS LOSING THEIR U.S. MARKET?
In the 1970s, the U.K. produced more cars than any country other than the U.S. Since then, Britain’s car industry lost its technological edge, labor costs increased as unions gained power, and the sector has been rolling downhill for the past half-century.
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IF MANUFACTURING RETURNS TO U.S., CAN ROBOTS MAN THE FACTORIES?
A key goal of Donald Trump’s tariff campaign is to revive the U.S. manufacturing industry and open new factories. At the same time, his plan for mass deportations is shrinking the American workforce.