Consumers have taken an increasingly dark view of the U.S. economy and its future, the newest monthly University of Michigan survey of consumer sentiment has found.
Tag: U.S. Economy
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DELINQUENT LOANS ON THE RISE AMONG U.S. BUSINESSES
The share of U.S. business loans falling behind in their payments is the highest since 2017 and could rise even higher as the impact of Donald Trump’s trade war begins to bite, the Financial Times reported.
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EQUITY INVESTORS ARE TURNING BEARISH
In the week ending 12 February, 47.3 percent of individuals invested in the U.S. stock market expect share prices to fall during the next six months, the most since November 2023, a survey by the American Association of Individual Investors found.
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DOES WARREN BUFFET HOARDING CASH SIGNAL MARKET CRASH?
Berkshire Hathaway, Warren Buffet’s investment firm, reported more than $300 billion in cash and treasury securities in 2024’s third quarter, a record amount as well as a record percentage of the company’s assets, The Wall Street Journal reported.
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ECONOMIC UPDATE—MARKET OVERVIEW
After being a bit upbeat prior to and following the U.S. presidential elections, consumer confidence in February hit its lowest level since the peak of the COVID War back in August 2021... when the nation was shut down and the population was freaking out.
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LEADING U.S. ECONOMIC INDICATORS WEAKENED AS THE YEAR BEGAN
A group of key measures gauging the economy’s performance in the months ahead weakened as this year began, according to The Conference Board’s Leading Economic Index (LEI).
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SPOTLIGHT: BIGS GETTER BIGGER
Drug colossus Novartis will pay as much as $3.075 billion to buy out private equity firm Blackstone’s majority share of Anthos Therapeutics.
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TOP TREND 2024, BANKS GO BUST: BUFFET DUMPS BILLIONS OF DOLLARS’ WORTH OF BoA, CITI SHARES
Berkshire Hathaway, Warren Buffet’s investment vehicle, sold 40.6 million shares of financial services firm Citi in the final quarter of 2024, newly published securities filings show.
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WHICH PRICES WILL BE HIGHER, AND HOW MUCH, UNDER TRUMP’S CHINA TARIFFS?
Now that Donald Trump has laid a 10-percent tariff on everything coming into the U.S. from China—and could raise the import tax higher if he wishes—everything from smartphones and microwave ovens to shoes and cosmetics could cost U.S. consumers more.
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TRUMP FLIP FLOPS ON INTEREST RATES AGAIN
During his presidential campaign and after taking office, Donald Trump said interest rates must come down “immediately.”