deepen

Federal debt to hit record levels, budget office warns…set to deepen by trillions. Haley: no talk of ‘fiscal conservatism’ from White House

President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire. In the first year of his second term, President Trump has tried to radically reshape America’s economy. He has slashed taxes, raised tariffs to their highest levels in almost a century, unilaterally canceled federal spending, pushed down immigration and …

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WEEKEND: Storm could bring heaviest snow in decades to NC. Worries deepen in South after days of grappling with widespread outages. LIVE: CHILL MAP. U.S. heating bills set to surge nationwide

US East Coast bomb cyclone could bring heaviest snow in decades to North Carolina A storm will rapidly strengthen along the East Coast this weekend, delivering heavy snow from the Carolinas to New England, with blizzard conditions likely in the hardest-hit areas. Coastal flooding is anticipated. A storm will rapidly intensify along the Atlantic Coast …

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UPS crashes 52% from 2022 peak. Dividend nears 8%. Massive job cuts and cash burn deepen the collapse. Investors warned: this isn’t a value trap.

UPS just finished the full Covid rollercoaster. From pandemic lows to stimulus highs and then right back down. The stock has plunged 52% from its 2022 peak. It now trades at all-time lows compared to FedEx. The dividend is nearly 8 percent. That is not a bargain. It is a flashing red warning. UPS cut …

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Declining US net interest and miscellaneous payments, alongside shrinking small bank cash reserves, deepen regional bank crisis

🇺🇸 US net interest and miscellaneous payments on assets by private enterprises $95.2 billion. 𝗟𝗼𝘄𝗲𝘀𝘁 𝘀𝗶𝗻𝗰𝗲 𝗤𝟰 𝟭𝟵𝟳𝟲! Locked in debt at cheap funding rates when the Fed had rates at zero and invested cash to earn higher interest income as the Fed raised rates. pic.twitter.com/Jo94wjhGTV — Alex Joosten (@joosteninvestor) April 28, 2024 This means …

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Texas Instruments’ woes deepen with 6th consecutive revenue decline, despite AI boom expectations

Texas Instruments faces a grim reality as first-quarter results reveal a stark 16% revenue drop, extending a troubling trend over six consecutive quarters. Despite high hopes pinned on the AI boom and economic growth, the company grapples with persistent declines, prompting skepticism and scrutiny from analysts. Amidst growing concerns, the narrative shifts to confront uncomfortable …

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China’s Housing Market Slump Is Set To Deepen

Chinese property giant Country Garden is in trouble after a creditor filed a petition to liquidate the real estate company over unpaid debt. Country Garden Holdings Co. faces a liquidation threat over unpaid debts, it was reported on Wednesday. The turmoil comes amid a prolonged property slump in China, with a Hong Kong court receiving …

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China’s Economic Woes Deepen: Hang Seng Index Drops 4% Amidst Concerns Over Liquidity and Declining GDP Deflator

China’s economic woes deepen as the Hang Seng Index plunges 4% in response to another round of disappointing macro data. The persistent question arises: how long until China resorts to injecting substantial liquidity despite its rapidly escalating debt? Concerns grow over the limited list of quality Chinese stocks, given the government’s authority to cease businesses …

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High Rates Deepen Divide Between Homeowners and Renters, Redfin Reports $100 Monthly Savings Amidst Rate Drop

Recent data from Redfin reveals a notable shift in the real estate landscape, indicating a decline of over $100 in the median monthly mortgage payment within the last month. This coincides with a drop in mortgage rates from 8% to 7.3%. Despite the potential benefit for homebuyers, Redfin emphasizes that high mortgage rates are contributing …

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