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Headline News Weekend Edition: January 6th through 12 2025
Comprehensive Overview of National Headline Daily News for the Week of January 6th through the 12th 2025: The Summary of This Week’s Weekend Edition Summary with the Latest on the Pacific Palisades Wildfire in Southern California, the latest updates on President Elect Donald Trump’s agenda, plans, and changes, the Federal Reserve Board, the exit of Joe Biden and Kamala Harris, and other important headline news for the week. Also, what we are going to expect this coming week.
Full Summary of Mortgage, Business, Employment, Economic, and Investment Daily National News:
From 6th to 12th January 2025:
Weekend Edtion Highlights
***Adjustable-Rate Mortgages: ARMs Rates Capped: Economy Dips***
- Due to fluctuating economic activity, the 30-year fixed mortgage loan rate averages 6.35%.
- The weighted average cost for adjustable-rate mortgages (ARMs) moved down.
- This indicates that consumers are choosing to refinance at a higher rate more often than lenders can provide these options.
***Investors and self-employed people prefer Non-QM Loans***
- Non-QM loans are gaining popularity from self-employed folks and investors seeking more financing options.
- Especially in states like Florida and California.
***FHA Loans are on the rise***
- FHA increased high-cost zone loan limits for areas exceeding $1,200,000 in 2025.
- This increase is anticipated to enable first-time homebuyers to purchase a home in a highly competitive housing market.
***Insights on Improvement in the Housing Market***
- There has been a 2.5% decrease in active listings relative to the preceding month’s figure.
- Unfortunately, supply constraints remain most severe in metro areas.
- This includes New York City, Los Angeles, and Chicago.
- Labor shortages coupled with increasing construction expenses are worsening this inventory problem.
Home Prices Rise Slightly
- The national median price of homes increased by 1.2% month over month.
- Midwest cities such as Columbus, OH, and Kansas City, MO, showed the most prominent year-over-year growth.
Shift Toward Multi-Generational Housing
- This increasing trend of multi-generational living is impacting how houses are built.
- The demand for units with two kitchens and separate living spaces has risen by 18%.
Real Estate Trends Commercial Real Estate Faces Headwinds:
- As remote work continues, the office segment has not performed well.
- The vacancy rate is constantly above 20% in big metropolitan regions.
- However, the industrial real estate sector continues to be buoyed by the growth of e-commerce.
Luxury Real Estate Rebounds
- The new year started strong, with sales of luxury homes.
- Especially those priced at more than 3 million dollars, seeing an increased demand of 10% in the first week of January.
- This was driven by increased investment from abroad and improved stock market conditions.
Top Performing Real Estate Markets
- The real estate markets in Phoenix, AZ, Austin, TX, and Charlotte, NC, have higher volume and price appreciation than the national average.
Business and Employment News Unemployment Rate Declines
- The country’s unemployment rate fell to 3.7%, clearly showing a strong labor market.
- The health, tech, and construction sectors saw the strongest job growth.
Layoffs in Tech
- Companies like Meta and Amazon announced additional layoffs, citing cost-cutting and adjusting to post-pandemic demand changes as the reasons for the cuts.
Small Business Optimism Improves
The Small Business Optimism Index rose 4 points, signifying confidence in the new consumer entity, which is expected to improve inflation.
Economic Developments
Federal Reserve Signals Pause on Rate Hikes:
- According to the FOMC meeting minutes, a rate hike is unlikely.
- This is because inflation decreased to 4.1% from 9.1% mid-last year.
Consumer Confidence Up
- The Consumer Confidence Index increased due to wage growth and holiday spending, finally posting its highest level shift since April 2023.
Stock Market Performance
- Green energy and tech stocks led gains.
- The NASDAQ and S&P 500 stocks increased by 2.2% and 1.8%, respectively.
Investment and Financial News
Real Estate Investment Trusts (REITs) on the Rise:
- Investor optimism in the logistics and tech sector led to REITs owning industrial and data center properties posting strong gains.
Crypto Markets Recover
- With renewed interest from institutions and regulatory shards bolstering confidence.
- Bitcoin’s value jumped above 100,000 dollars.
The Investment in Renewable Energy Grows Herring
- This week, investments in wind and solar projects hit an all-time high of $15 billion.
- This increase is largely due to recent announcements made by First Solar and Tesla.
Market Predictions for the Coming Week
Expectations in Economic Reports:
- Retail sales data will be useful during the holiday season 2024 and paint a clear picture of holiday spending changes.
- The CPI report will reveal December’s inflation rate, which will help estimate the inflation rate 2025.
Mortgage Applications and Rates
- Mortgage application is estimated to experience moderate growth.
- This is due to buyers easing their financial expectations and stable rates.
Potential Legislative Actions
- A new legislature is set to debate the new housing credit.
- This has been introduced to boost the housing market for first-time buyers.
- This week witnessed strong performance, encouraging results in the mortgage and housing sectors.
- There is optimism visible across the greater investment and economic environment.
Comprehensive Overview of National Headline Daily News From 6 To 12 January 2025:
Weekend Edition:
Summary With The Most Recent Information:
- Regarding The Pacific Palisades Southern California Wildfire.
- President-Elect Donald Trump’s Plans And Changes.
- Federal Reserve Board Member Benefits.
- The Month And Year Joe Biden And Kamala Harris Leaving Office.
- Other Significant Head People News From The Selected Week.
- Additionally, What We Anticipated For The Subsequent Week
FEMA financed personnel and equipment and gave federal approval. Inga suitcase canister turning random oblique ring Newadiens surveil this impact.
- Investigators are corroborating the story, with initial information raising the possibility of power lines disqualification.
Policy Announcements
- Trump talked about the most important plans in an off-the-record meeting with the head of the next round invited to his press release:
Immigration Reform
- Renewed commitment to border security.
- This includes reinstatements from his earlier presidency.
Economic Stimulus:
- A “Middle-Class Recovery Act” that aims to cut taxes and strengthen the economy by increasing the number of small businesses.
Healthcare Overhaul:
- Repeal key provisions of the Affordable Care Act while simultaneously expanding Health Savings Accounts (HSAs).
The US Military
- Trump pledged a return to American values.
- He prioritized military readiness, manufacturing jobs, and energy independence and gave a speech in Florida emphasizing these areas.
Updates from the Federal Reserve Board
- Jerome Powell hinted that the Fed will adjust the chair’s interest rate for the first time during the new normalization period.
- Inflation stabilization and housing market stagnation are often cited as the causes of this rate shift.
Economic Growth Concerns
- According to the minutes from the Fed’s last meeting in December.
- There are worries regarding the economy contracting after the holiday customer spending boom.
Market Reaction
- The Dow Jones index increased by 2.1 at the end of the week.
- The increase was driven by more positive earnings reports and speculation over the Fed’s upcoming decision to change its monetary policy.
Joe Biden and Kamala Harris Take Their LeaveFarewell Address:
For one last time, President Joe Biden addressed the people of America and emphasized the following main points:
- Reduction in unemployment to historic lows.
- Passage of landmark infrastructure and climate legislation.
- As Vice President Kamala Harris puts it, all these reasons are enough to ponder her remarks regarding unifying and moving forward into civilian life.
The Transition of Power:
- Joe Biden’s presidential advisors are working directly with Trump’s group to ease the power shift and concentrate on security and economic stability in the USA.
Other National Headlines
Supreme Court Decisions:
- The Supreme Court has decided not to take a case against state abortion bans.
- Thus keeping the controversial laws.
- A very important decision regarding affirmative action in college admission policies will also be made in a few days.
Severe Weather Across The Midwest
- The Blizzard has severely impacted travel and power supply in the Midwest.
- The Blizzard took over the Midwest, canceling over 1,500 flights and shutting down service in 200,000 homes.
Healthcare Strikes
- California and New York nurses and healthcare personnel went on strike over wages and the understaffed population.
- This puts pressure on the hospital systems to take immediate action.
What Have We To Expect On The Followed Date
Political Movements
- On his first day in office, Trump will announce an Executive Order.
- He will sign it on his inaugural day and finish outlining his cabinet appointments.
- A temporary funding bill is on Congress’s agenda to prevent the government from halting operations.
Econometric Data
- The CPI index for December is due to be published.
- This should shed some much-needed light concerning inflation.
- Based on previous records, strong retail consumer spending is predicted during the festive season.
Containment progress of the wildfire
- The Pacific Palisades firefighting will pick up.
- This is because the US government is expected to start and allocate further resources for warfare.
Watch the Supreme Court
- The military court will likely pass rulings on immigration and voting rights legislation pending case reviews.
Weather Predictions
- The arctic temperatures will shift this upcoming week, affecting big city populations such as Chicago, Detroit, and New York.
- This week’s events included economic optimism, political transition, and environmental catastrophe.
Significant changes in policies and markets and contagious recovery efforts in different parts of the country are expected in the upcoming days.
https://www.youtube.com/watch?v=EAHzD37g_6E
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This discussion was modified 2 weeks, 2 days ago by
Gustan Cho.
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9 Replies
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What is the latest update in Chicago. I heard Chicago Mayor Brandon Johnson is in a little bit in a pickle. Mayor Brandon Johnson promised not to increase property taxes but 18 months later truth that he lied and has a financial irresponsibility problem comes out. Johnson blows one billion dollars on illegal immigrants and now since he is broke he needs to raise not just $400 million in property taxes but taxes, costs, and fees across the board at the expense of Chicago taxpayers. Brandon Johnson is such an idiot that he doesn’t have the money to hire retiring Chicago police officers and detectives.
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Chicago Mayor Brandon Johnson is currently being challenged on the city’s finances and crime control. Here’s a summary of the scenario:
Property Tax Increases and Budget Deficit
- In the 2023 race for mayor, Johnson was determined not to increase property taxes.
- Nevertheless, with the city expected to have a budget deficit of almost one billion dollars in 2025, he suggested a hike of three hundred million dollars in property taxes.
Chicago City Council: City Aldermen
- The Chicago City Council noted this proposal but vetoed the resolution.
- This forced Johnson to change and restructure the PowerPoint with a new 150 million-dollar limit.
- Unlike the initial proposal, this new plan was accepted as the budget deficit was balanced, although it increased taxes and additional fees by over 181 million.
Allocation of Funds and Spending Concerns
- Contrary to the gaps in Johnson’s Budget, his opponents started to challenge the allocation of budgets over the city’s spending.
- Johnson’s administration has invested on top of structural aid, which is expected to be spent too.
- It has been decided which side, combined with severe aid spending, is a major contributor.
Preventive Services and Police Employment
- With a budget deficit, Johnson instituted an indefinite halt to recruitments across the board starting September 2024 as a remedy.
- Initially, this covered both public safety areas as well, which led to worry whether the ever-increasing crime rate would impact the police workforce.
- After a pushback from the public, the administration over the freeze agreed that public safety roles would not be on hold.
Despite this, the police department’s budgetary provisions have caused a ruck in the system, as apprehension regarding the trimming of particular department offices, crucial to the ongoing reforms as per the federal consent decree due in 2025, has come to light.
Community Response and Concerns
- The proposed allocation changes and tax hikes have garnered a more negative than positive response from the populace.
- Citizens have vented their anger at taxpayers’ expenditures, while concerns about public safety and city services still linger.
- Johnson’s approval ratings have dropped considerably around this controversy.
- He seeks insight into this pain amid the discontent.
The property tax increases are proving to be complex as Mayor Brandon Johnson’s administration has to navigate around other equally pressing issues. Pressing issues include budget deficits and public services, which make managing urban governance and fiscal responsibility within the city difficult.
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How will the new cloud computing tax affect businesses?
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The newly proposed cloud computing tax in Chicago, to be introduced in 2024, could cause major complications for its residents. Businesses that are overly reliant on services operating through the cloud are likely to take a heavy hit due to these problems.
In the following sentences, some of these drawbacks are listed.
Increase in Business Expenditure
Higher Expenses:
Because of the tax imposed on cloud services, businesses that operate through the cloud could now incur additional spending.
Budget Appropriation:
Although this new spending will aid a portion of the economy, companies must rearrange their budgets, aggravating areas like marketing or expansion.
THE PRICE OF COMPETITION
Local vs. National Businesses:
Small businesses operating in areas where this tax is instituted are likely to suffer compared to their rivals, who can afford to sell their products at cheaper prices without this tax.
Impact on Startups:
Small firms and cloud-reliant startups tend to work with limited finances and will feel more negative impact than others.
Privatization
Rising Costs:
Firms will have no choice but to raise the prices of their goods or services to counter business expenditures.
Alterations in Services:
Firms might lower the price of their services or change their pricing system to reduce the impact of taxes.
Business Decisions
Usage of Cloud Services.
Certain companies may decide to replace Europe’s “cloud tax “by switching to other services that are less sensitive to location-specific taxation.
Decisions oriented on Place:
Firms planning to set up operations in new locations may consider the region’s tax policies, which may negatively affect them if they locate in Chicago.
Compliance Alongside Administrative Activities
Higher Costs:
New taxes may trigger higher financial and accounting complications that companies would be forced to individualize to remain compliant.
Audits:
Due to tax issues, companies are more likely to be audited, which adds to the administrative work needed.
Effects on Economic Growth
Less Investment:
When business is done this way, if the tax discourages investments in cloud-based services, the growth of the region’s technology sector could lead to an overall slowdown.
Impediments to innovations:
Growing costs would discourage innovation spending because businesses would have fewer resources available for new technologies and services.
In general, the cloud computing tax may provide additional funding to the city’s budget; however, its imposition will pose several concerns to businesses operating in Chicago, including their competitiveness and growth opportunities.
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Are there any exemptions or tax credits available for small businesses?
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That is true. There can be tax exemption allowances and tax relief for small business owners to minimize the impact of new taxes, which may include the tax on cloud computing services.
These are some possible options:
Exemptions from tax payments
Exemptions for Small Businesses:
- Some tax policies allow exemptions for cloud computing services based on the business size, such as small businesses with a specific revenue limit and a certain number of employees.
- So, looking into the specific city’s policies is very important.
Exemptions for Essential Services:
- Particular cloud services provided by essential service providers like education or healthcare can be taxed.
Tax rebates
Investment Credits:
- There are places where businesses’ tax obligations are reduced as an incentive to invest in technology or cloud services, which will help cover the cost of the new tax.
Job Creation Credits:
- If a business employs more people or invests money in training them for special skills, it can claim some relief from income tax.
Research and Development (R&D) Credits:
- Innovation and technology investment comes at a cost.
- Businesses that already incur certain qualifying R&D expenses might qualify for tax credits to offset the expenses.
Local Incentives
Economic Development Programs:
- Relatively underserved regions tend to suffer from an imbalance in the economy.
- This can offer programs that focus on shallow investments in business, such as industry-specific taxes or subsidized investments.
Grants and Funding:
- Certain business offices provide grants and funding to small and medium businesses to offset some expenditures.
Consultation
Tax Professional Advice.
- Experienced small business owners know that in regions where they have the fewest resources.
- It is always better to consult tax advisers and accountants, as they usually reveal a bevy of credits and exemptions that were previously unattained.
The small business community in Chicago must be up to date with the latest developments and changes to tax policies as available tax resources because they can change suddenly and may prove very helpful in the long term.
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FBI Director Christopher Wray, who’s stepping down before President-elect Donald Trump takes office, sits down with Scott Pelley to discuss the Bureau’s future, and the threats America faces.
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How can someone lie with a straight face on national live media network about President- Elect Donald Trump threatening California first responders. SMH. In the attached video clip, you will see the biggest liar getting fact checked by an NBC Reporter and Newsom’s inconsistent answers to his questions. </div>
Gavin Newsom as NBC Reporter from Meet the Press catches him lying on Live TV in an interview over the LA Wildfires in which Gavin Newsom tries to blame Donald Trump and make excuses for his leadership failures during the fires in Pacific Palisades, Pasadena, Sylmar, Hurst, and other areas.
https://youtu.be/qSldJ8ijAac?si=uWUwMS5hvKWH6wq2
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This reply was modified 2 weeks, 1 day ago by
Sapna Sharma.
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This reply was modified 2 weeks, 1 day ago by
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1/13/2025
Tucker Carlson has once again exposed the media and the lies about Trump. However, in his interview with Billy Bush, some very interesting proof is shared about Mocking Bird Media and how the Main Stream Media colluded in order to manipulate viewers and destroy Trump. Let’s watch this together.
Elon Musk is calling on Mark Zuckerberg to perform a Twitter file-like act in order to prove he is a new person and be transparent. Musk wants Zuckerberg to release call logs, internal emails, emails, and texts from the Biden administration so Americans can see exactly how the Biden administration, FBI, Fauci, and CIA manipulated Facebook and Instagram to rig an election, silence their enemies, and aid Big Pharma in a massive profit scam on the American people. Do you agree with Elon Musk? Should facebook pull back the curtains and reveal the wizard of OZ manipulating the american people?Gavin Newsom is raising money for fires. What a noble guy. Or is he. Check this out.Trying to look noble. Running money collection through his campaign website. Act Blue keeps 3.95% and he gets to collect phone numbers he can text the next time he runs for office. Elizabeth Warren is doing the same things. These democrats think they are so sneaky. Why not just run this through Judge Juan Merchan’s daughter?
Are the globalists gearing up for a pandemic scare after failing at the ballot box in November? Just weeks before President Trump’s inauguration, California Governor Gavin Newsom has declared a Bird Flu State of Emergency, granting himself sweeping powers reminiscent of COVID-19 policies. This comes after a severe case of H5N1 bird flu was reported in Louisiana.
Critics, like Nicholas Hulscher, warn that pandemic fears may be weaponized to challenge Trump’s agenda, including the nomination of RFK Jr. to lead HHS.Is this a health crisis—or a power play?
Last summer, Dr. Peter McCullough warned about the bird flu, linking the virus’s rapid spread to gain-of-function research, now a common practice at many labs globally. Dr. McCullough urges early prevention just in case, recommending a Contagion Emergency Kit from The Wellness Company, his medical board-approved solution with five critical life-saving medications—like Ivermectin, Tamiflu, A Nebulizer, and Hydroxychloroquine—every household can now have access to these hard-to-get medications in the event of another pandemic. Get yours by filling out a digital intake form, and your kit arrives in 1-2 weeks. Don’t wait until the deep state puts their plans into action.
Charlie Kirk just put out a great summary of this disaster… California politicians have spent years virtue signaling, and of course the environment. What has that delivered? Budget cuts to essential city services. Record state deficits.
A lack of water after two years of record rainfalls.
Crumbling infrastructure.
The highest taxes in the country. The nation’s least friendly business environment. Record poverty. Record homelessness. 39,000 acres of burnt cityscape, twice the size of Manhattan. Nearly 13,000 homes were destroyed. thieves and organized foreign gangs looting and robbing abandoned homes. And a plume of toxic smoke billowing into the atmosphere for weeks when this is over. And what’s worse is the federal government—the American taxpayer—will have to bail them out to the tune of tens of billions of dollars. Federal aid MUST be tied to serious reform. Where California refuses to bring order to their self-inflicted chaos, the consequences must be felt by its politicians, or change will never happen.
Save Californians. Hold California’s failed politicians accountable.
Charlie Kirk also exposed a serious situation.
Unbelievable. Thieves are dressing up as fire fighters to burglarize abandoned homes. Nearly 30 have been arrested so far. Throw the book at these despicable humans. Name and shame them. There must be ZERO tolerance. Hard to imagine a punishment too harsh. At least on this one, Governor Gavin Newsom retweeted it, saying he agrees these are the lowest of the low and will be prosecuted. Tucker Carlson EXPOSES Huge Story as Gavin Newsom UNMASKED as LIAR!!
https://youtu.be/5jrDKjGC7S4?si=MNlYYD5z3JrOHzPa
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This reply was modified 2 weeks, 1 day ago by Gustan Cho.
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This reply was modified 2 weeks, 1 day ago by