A large portion of Americans who do not own a home may be giving up on trying, according to data gathered by The Wall Street Journal. Among all homeowners, the share of first-time buyers is at a record low.
Tag: U.S. Economy
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APRIL INFLATION PACE WAS THE SLOWEST IN FOUR YEARS
Last month, the U.S. inflation rate slipped from 2.4 percent to 2.3, its slowest since early 2021 and its third consecutive month of decline, the labor department reported last week.
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CONSUMERS’ OUTLOOK FALLS TO SECOND-LOWEST IN SURVEY’S HISTORY
Consumers’ gloom deepened for a fifth consecutive month in the University of Michigan’s preliminary May survey of households’ financial outlook.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we had forecast, a Top Trend that would be dealt this year is a Wild Card. And week after week, month after month it is a socioeconomic and geopolitical game changer.
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MOODY’S DOWNGRADES U.S. CREDIT RATING
On 16 May, Moody’s Ratings became the last of the three major credit rating agencies to lower its estimate of the U.S. government’s creditworthiness.
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SPOTLIGHT: BIGS GETTING BIGGER
3G Capital, a low-key private equity firm best known for helping Warren Buffet merge food giants Kraft and Heinz, is taking shoe company Skechers private for $9.4 billion in cash.
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RESTAURANT HOLDING COMPANY’S EARNINGS MISS EXPECTATIONS
Restaurant Brands International, which owns Burger King, Firehouse Subs, Popeye’s, and Tim Horton’s, reported first-quarter revenue of $2.11 billion, slightly short of the $2.13 billion analysts had foreseen.
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U.S. EV SALES HIT A SPEED BUMP IN APRIL
Last month, U.S. sales of electric vehicles (EVs) fell 5 percent below March’s volume while the country’s overall car market grew by 10 percent, data service Motor Intelligence reported.
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U.S. CORPORATIONS WILL BUY BACK A RECORD $518 BILLION IN SHARES
Flush with cash from a multi-year stock market rally, continued consumer spending, and a robust earnings season, American corporations have announced plans to repurchase a record $518 billion worth of their own shares in 2025.
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FED HELD RATES STEADY AS IT BRACES FOR TARIFFS’ IMPACT
The U.S. Federal Reserve left its key interest rates unchanged at last week’s meeting and warned that risks are rising that Donald Trump’s tariff campaign will raise prices and eliminate jobs.