Portland, Oregon’s flagship city known for being clean and safe and for its hip vibe, watched its population swell by 23 percent during this century’s first two decades.
Tag: U.S. economy
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INVESTMENT BANKING FEES PLUNGE
With fewer mergers, acquisitions, and initial stock offerings taking place this year, investment banks have seen their revenue from managing such deals fall to $12.8 billion this year through May, down 35 percent compared to the first five months of 2022, the Financial Times said.
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PRIVATE EQUITY FIRMS OPT FOR SMALLER DEALS
Amid a cloudy economic future and rising interest rates, private equity deals are getting smaller.
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AMERICANS THINK THEY NEED $1.3 MILLION TO RETIRE COMFORTABLY, STUDY FINDS
To be comfortable in retirement, Americans think they need about $1.3 million, according to a survey by Northwestern Mutual of 2,740 U.S. adults in February and March this year.
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INFLATION, CONSUMER SPENDING SLOWED IN MAY
Overall inflation in the U.S. pulled back to a 4-percent annual rate in May, its slowest in two years, the U.S. commerce department reported. The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred inflation gauge, slowed to 3.8 percent.
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ECONOMIC UPDATE — MARKET OVERVIEW
“The Trend is Your Friend.” As we had forecast back in November 2022, and as Gerald Celente and The Trends Journal has been repeating since, the S&P 500 would rise at least 16 percent in the following 12 months. It has now hit that mark.
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MORE THAN A THIRD OF NONFINANCIAL U.S. BUSINESSES IN “DISTRESS”
Thirty-seven percent of U.S. businesses outside of the financial industry are in serious trouble, according to a report by the U.S. Federal Reserve.
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TOP TREND 2023, OFFICE BUILDING BUST: EMPTY OFFICES MULTIPLY IN SILICON VALLEY
As we had long noted, it was the Geeks who were the first to fight the COVID War by ordering their employees not to come to work because they would get/spread the virus. Now, the Silicon Valley bonanza that they created with the dawn of the Internet Revolution has turned to dusk.
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FEDEX SALES DROP 10 PERCENT IN THIRD QUARTERLY DECLINE
Fedex sales fell 10.1 percent to $21.9 billion in its fiscal fourth quarter ending 31 May, the company reported. Its share price dipped 1 percent on news of the shipper’s third consecutive quarterly decline.
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REMOTE WORKERS MORE FOOTLOOSE NOW THAN PRE-COVID
Before the COVID War, working at home was a rare privilege and most who enjoyed it were comfortable being close to the office when they needed to stop in.
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