πŸ“Š U.S. Debt Surges to $38 Trillion

Hi everyone, here is your πŸ“Š Daily Trade.

Here's what's happening today:

πŸ“Š Bullhorn offers Fed staffing data amid challenges
πŸ‡¦πŸ‡· Trump boosts Argentine beef imports, ranchers upset
πŸ’³ Chargebacks spike 222% as Visa tightens oversight
πŸ’° US debt hits $38 trillion amid rapid growth
🏠 Existing-home sales rise 1.5% in September
🎁 +8 more stories you might like
πŸ“Š Bullhorn Offers Federal Reserve Critical Staffing Insights Link
  • Bullhorn extends its SIA | Bullhorn Staffing Indicator to the Federal Reserve amid reduced access to private employment data.
  • The Indicator provides weekly insights on labor market activity, reflecting hours worked by over 150,000 staffing firm employees.
  • Recent data shows stabilization in the staffing market, with growth in light industrial sectors offsetting sluggish professional job growth.
πŸ‡¦ Trump Administration Quadruples Argentine Beef Imports, Sparking Rancher Outrage Link
  • The U.S. is increasing its low-tariff imports of Argentine beef to lower domestic beef prices, causing discontent among American cattle ranchers.
  • The USDA plans to support American ranchers by expanding the domestic cattle herd, despite increased Argentine beef imports.
  • Economists doubt the policy will significantly lower beef prices, as U.S. cattle supplies remain low due to past droughts.
πŸ’³ Visa's VAMP Program Spurs 222% Rise in Chargebacks Link
  • Chargebacks have surged by 222% as Visa's VAMP program enforces stricter fraud and dispute thresholds.
  • Merchants now face increased oversight if their combined fraud and chargeback rates exceed 2.2%, with stricter standards looming.
  • RevitPay offers strategies to help high-risk industries adapt to the new compliance landscape, focusing on proactive fraud prevention.
πŸ’° U.S. Debt Reaches $38 Trillion Amid Rapid Accumulation Link
  • The U.S. national debt has hit $38 trillion, marking the fastest trillion-dollar increase outside of the pandemic.
  • Rising debt levels are expected to lead to higher inflation and borrowing costs, impacting consumer purchasing power.
  • The Trump administration claims its policies are slowing spending growth, though concerns about fiscal responsibility remain.
🏠 NAR Report Shows 1.5% Increase in Existing-Home Sales Link
  • Existing-home sales rose by 1.5% in September, driven by falling mortgage rates and improved housing affordability.
  • Sales increased in most regions except the Midwest, with inventory reaching a five-year high.
  • Median home prices continue to rise, contributing to household wealth despite inventory remaining below pre-COVID levels.

Other news & articles you might like

  • 🏑 Florida home sales rise, prices stabilize (Link)
  • 🏦 Banc of California sees margin expansion, buybacks (Link)
  • πŸ’Έ Bank of America announces Q4 stock dividends (Link)
  • 🏒 South Bay office values drop by $108 million (Link)
  • πŸ”„ FHLBank Atlanta announces CEO transition (Link)
  • 🚚 CDL enforcement pushes spot rates up (Link)
  • πŸ”‹ Michigan retracts incentives for EV battery plant (Link)
  • πŸ“ˆ FTI Consulting reports record Q3 results (Link)

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