US Trade Deficit Shrinks to $29.4 Billion, Lowest Since 2009
The U.S. trade deficit has been reduced to $29.4 billion, after last being reported at $48.1 billion. The forecasted deficit had been $58.1 billion, com reported. The deficit dropped by $18.7 billion, and was $28.7 billion less than the predicted figure. The deficit is the lowest since 2009,according the news reports. The improved trade balance indicates that while the U.S. is still importing more goods and services than exporting them, the reduced deficit could strengthen the U.S. dollar. With a stronger currency, there could be increased foreign demand for the dollar, resulting in an appreciation in its value. US trade deficit shrinks to $29.4 billion, lowest since 2009 | Just The News


SpaceX CEO Elon Musk called reports of a planned IPO by SpaceX “accurate” on X, setting the stage for what could be a massing financial infusion for the company. Analysts are speculating the IPO could draw at least $800 billion to the company. Musk says a key strategy for SpaceX will include data centers in space, and the IPO will help fund the potential project. The per share price is expected to begin at $421. If the IPO happens next year, it could make SpaceX the most valuable company in the world.