Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Latinas contributed .3 trillion to U.S. economy, new report says. That number could be even bigger

Key Points

Latinas contributed $1.3 trillion to 2021 U.S. gross domestic product, up from $661 billion in 2010, according to a recent report funded by Bank of America.
The economic output of Latinas was more than Florida’s economy that year, with only the GDP of California, Texas and New York being larger.
Still, some economists believe that Latinas’ total contribution to the country’s GDP could actually be more than what’s being reflected in the data.

Source

Finance

Here’s the deflation breakdown for September 2024 — in one chart

October 11, 2024

Key Points Deflation has occurred in segments of the U.S. economy over the past year, according to the consumer price index. Some imported goods, consumer electronics, and energy and food items have seen declines in price. Deflation is rare across the broad economy, economists said. Businesses don’t typically reduce prices. Source

Finance

Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more

October 11, 2024

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]

Finance

Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’

October 11, 2024

Key Points JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion of Ukraine showing no signs of abating. “We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said […]