Inflation is all the economic “news.” It’s deflation in China, they say inflation in Europe is OK and in the U.S., today’s headline article on CNBC is, Stocks give up earlier gains as traders await more inflation data.
Tag: U.S. Economy
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CORPORATE BANKRUPTCIES SHOOT TO 14-YEAR HIGH
In 2024, at least 686 U.S. corporations filed bankruptcy, 8 percent more than in 2023 and the most since 2010 during the Great Recession when 828 corporations went bust, S&P Global Intelligence reported.
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SPOTLIGHT: BIGS GETTING BIGGER
Members of the Nordstrom family, with help from Mexican conglomerate El Puerto de Liverpool, are buying all outstanding shares of the department store chain for about $6.25 billion in cash and taking the 123-year-old retailer private.
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TOP TREND 2025: THE TRUMP CARD
Incoming U.S. president Donald Trump’s promise to pile stiff tariffs on all goods imported into the U.S. will, if carried out, crimp the world’s economic growth, according to a large majority of the more than 220 economists in the Eurozone, U.K., and U.S. surveyed by the Financial Times.
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DISCOUNT STORES’ “PRIVATE LABELS” ARE WINNING UPSCALE CONSUMERS
Christmas shone a light on the surge of interest in discount stores’ “private label” products—upmarket products from Costco, Target, Walmart, and similar chains that increasingly are taking shoppers away from pricier brand names.
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TOP TREND 2023, OFFICE BUILDING BUST: COMPANIES FINALIZING POLICIES REGARDING REMOTE WORK
With the U.S. labor market settled into a normal balance and open jobs less plentiful, more employers are becoming more strict about white-collar workers putting in at least some of their work time at central offices.
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U.S. FACTORY ACTIVITY RISES TO NINE-MONTH HIGH IN DECEMBER
U.S. factories produced more and received more new orders in December as the Institute for Supply Management’s purchasing managers index (PMI) climbed to its highest level since last March.
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THE PRICE OF BREAKFAST IS STILL GOING UP
Whether your taste runs to scrambled eggs or just a cup of joe, your morning fuel is still costing you more.
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HOME-RELATED RETAILERS’ SALES WERE HAMMERED IN 2024
The lofty home prices and high interest rates that have restricted home sales have also cut revenues for home improvement and home furnishings businesses that depend on people buying and fixing up houses.
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RISING INSURANCE COSTS ARE MAKING HOMES EVEN LESS AFFORDABLE
Record-high home prices are not the only things making it harder to buy a home these days.