As sales of electric vehicles (EVs) have slowed, Porsche has announced it will invest €800 million in additional development of internal combustion cars and plug-in hybrids.
Tag: U.S. Economy
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TRADE DEFICIT WIDENED BY $20 BILLION IN DECEMBER
The U.S. global trade deficit spiked from $78.9 billion in November to $98.4 billion in December, the U.S. commerce department reported.
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TOP TREND 2025, THE TRUMP CARD—COST OF TRUMP’S TAX CUT WISH LIST: $5 TRILLION TO $11 TRILLION
Without offsetting spending cuts, president Donald Trump’s tax cut proposals will subtract somewhere between $5 trillion to $11.2 trillion from federal revenue through 2035, the private, nonpartisan Committee for a Responsible Federal Budget (CRFB) has calculated.
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U.S. CONSUMERS FEELING LOW
Early this month, U.S. consumers’ sentiment fell to its lowest point since August as more Americans expect inflation to rise again because they believe Donald Trump’s tariffs will jack up retail prices.
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JOB GROWTH AND UNEMPLOYMENT SLOW DOWN IN JANUARY
The U.S. economy created 143,000 nonfarm jobs last month, less than half of the 307,000 created in December, according to the Bureau of Labor Statistics’ upwardly revised December figure.
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ECONOMIC UPDATE—MARKET OVERVIEW
Two of our Top Trends for 2025 were the Trump Card and The Wild Card. And here we are, just a few weeks later and both cards have been dealt... and they will keep being played.
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SPOTLIGHT: BIGS GETTING BIGGER
As we had forecast, with Donald Trump winning the race to the White House and promising to cut corporate taxes and lower interest rates, M&A activity will accelerate. Here are the latest deals… FRONTIER TRIES AGAIN TO BUY SPIRIT AIRLINES Spirit Airlines has spurned a $2.1-billion cash-and-stock offer from Frontier Airlines, saying the offer was......
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FED STANDS PAT ON INTEREST RATES
At its meeting last week, the U.S. Federal Reserve’s Open Market Committee decided to hold its interest rates at their current levels amid a strong economy and labor market and inflation that refuses to surrender to the bank’s 2-percent target rate.
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HOME PRICES CONTINUED RISING IN NOVEMBER
n November, the average selling price of a U.S. home was 3.6 percent higher than in October, according to the S&P CoreLogic Case-Shiller National Home Price Index, due in significant part to a flurry of sales in New York City.
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CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).