#us-economy

#us-economy

Williams Companies will break ground on the Northeast Supply Enhancement pipeline, the first new pipeline in New York in over a decade, expanding its Transco natural gas network.

Together, the multicultural segment totaled 46 million households in 2024, representing just over 33% of all households in the country—a 12% increase compared to 2017.

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.

The share of U.S. economic activity has increased in service industries that demand less energy, while sectors requiring large-scale energy resources have become more efficient.

The national average for a gallon of gasoline is poised to surpass $4, up from about $3 a month ago - and is set to rise further the longer the Strait of Hormuz remains blocked.

Goldman Sachs now expects Brent crude to average $105 per barrel in March and $115 in April before retreating to $80 by year-end, assuming roughly six weeks of Hormuz supply disruptions.

Among the self-plaudits was a zinger about how, thanks to his "landslide" election victory and his energy policies, the US had avoided the "Green New Scam," what he called "perhaps the greatest hoax in history." Mixed in with stuff about credit card debt and making the US the crypto capital of the world, there was a reminder about how the president had personally ridden to the rescue of the American economy, so that it now knows "virtually no inflation and extraordinarily high economic growth."

He vowed to bring down the cost of groceries (an "old-fashioned" word with which he was obsessed), revive manufacturing, slash federal spending and inefficiency and distribute the savings to the citizenry, all while achieving energy dominance and the high-paying jobs that come with it. By early summer, however, it was becoming clear that Trump's economic policies were not having the promised effect.

The U.S. economy seems immune to the turbulence created by Donald Trump. The first year of his second term in the White House has been fraught with upheaval due to his eagerness to impose a headlong agenda with a marked protectionist approach. Businesses are now inoculated against the vertigo and the uncertainty surrounding the Republican president. Since winning the election against Democrat Kamala Harris exactly one year ago, he has changed the world trade order in one fell swoop;

The Trump administration warns of complete disaster for the U.S. economy if its reciprocal tariffs are struck down, showing great concern over an upcoming court ruling.

The number of operating US oil and gas rigs held flat at 539 last week, hovering near four-year lows and down 47 rigs in the last 12 months.