On the economic front, it is more of the same, but just a different day. The U.S. equities keep riding high following the re-election of Donald Trump who will take over the White House on Monday, 20 January 2025.
Tag: U.S. Economy
Post
STOCK TRADERS SHRUG OFF TRUMP’S TARIFF THREATS
Equity markets seem to be taking Donald Trump’s threats of expansive new global tariffs in stride.
Post
SPOTLIGHT: BIGS GETTING BIGGER
The Blackstone private equity firm has gobbled down a majority interest in the Jersey Mike’s sub sandwich chain.
Post
TRUMP PICKS BESSENT AS TREASURY CHIEF
Billionaire hedge fund manager Scott Bessent, founder of Key Square Capital Management, is Donald Trump’s choice to become U.S. treasury secretary and to lead implementation of his controversial economic agenda.
Post
THE DEFINITION OF SUCCESS: $5.3 MILLION, AMERICANS SAY
To be considered financially successful, a person needs an annual salary of $270,000 or else a net worth of $5.3 million, according to the majority of the 2,203 people in a new survey by Empower, a financial services company.
Post
OCTOBER HOME SALES JUMPED AS INTEREST RATES FELL
In October, sales of existing homes climbed 3.4 percent from September, the National Association of Realtors (NAR) reported. Sales were up 2.9 percent year on year.
Post
U.S. ECONOMY NOW MORE VULNERABLE TO PRICE SHOCKS, FED OFFICIAL WARNS
The U.S. is now more vulnerable to inflation shocks than in the past, Thomas Barkin, president of the Federal Reserve Bank of Richmond, told the Financial Times.
Post
FACTORY ACTIVITY CONTINUED TO SHRINK IN OCTOBER
U.S. manufacturing output shrank 0.4 percent in October after contracting 0.3 percent in September, according to The Conference Board’s Leading Economic Index.
Post
U.S. BUSINESS ACTIVITY, CONFIDENCE STRONGEST IN MORE THAN TWO YEARS
Business activity in the U.S. is expanding at the fastest rate since April 2022, with businesses expecting demand to increase under incoming president Donald Trump’s policies.
Post
PALANTIR SHARE PRICE SOARS ON TRUMP PRIORITIES
Palantir Technologies, the Denver software firm co-founded by Peter Thiel, a vocal Donald Trump supporter and Elon Musk’s old partner in PayPal, has seen its market capitalization balloon by $23 billion since Trump’s election on 5 November.