Shoppers spent at a slower than anticipated tempo in February, although underlying readings indicated that gross sales nonetheless grew at a strong tempo regardless of worries over an financial slowdown and rising inflation. Retail gross sales elevated 0.2% on the month, higher than the downwardly revised decline of 1.2% the prior month however under the … Read more
Washington, D.C., April 3, 2025 – President Donald Trump’s sweeping “reciprocal tariffs,” signed into effect on April 2, have cast a wide net, targeting over 180 countries and territories with a baseline 10% duty and steeper levies for some. While major economies like China (54%) and the EU (20%) dominate headlines, the tariff list includes … Read more
A San Francisco 49ers helmet on the sphere all through pregame warmups sooner than an NFL recreation in the direction of the Arizona Cardinals at State Farm Stadium in Glendale, Arizona, on Dec. 17, 2023. The San Francisco 49ers could possibly be the subsequent Nationwide Soccer League franchise to promote a minority stake to private equity. The 49ers are considering a sale of as a lot as 10% of the franchise to each a private equity company or totally different patrons, along with wealthy individuals or households, primarily based … Read more
Washington, D.C. – June 10, 2024 – Former President Donald Trump’s proposal to impose sweeping 10% across-the-board tariffs on all U.S. imports has drawn sharp criticism from economists, who argue that the policy would inflate costs for consumers, disrupt supply chains, and potentially trigger retaliatory trade wars—with little benefit to American workers. Trump’s Tariff Plan: A “Blunt Instrument” in … Read more
Fed Governors Bowman and Waller Dissent, Warn Delaying Rate Cuts Risks Economic Harm Washington, D.C. – August 1, 2025 In a rare break from consensus, Federal Reserve Governors Christopher Waller and Michelle Bowman dissented against the Federal Open Market Committee’s (FOMC) decision to maintain the federal funds rate at 4.25%-4.50% during its July 30-31 meeting, … Read more
Trump Signals Elon Musk’s Exit from DOGE in Coming Months as Cost-Cutting Role Winds Down Washington, D.C., April 2, 2025 – President Donald Trump hinted on Monday that Elon Musk, the billionaire spearheading the controversial Department of Government Efficiency (DOGE), may step away from his White House role in the coming months, potentially as early … Read more
Federal Reserve Chair Jerome Powell faces a difficult scenario as President Donald Trump has repeatedly labeled him “Mr. Too Late” for his cautious method to rate of interest changes. This criticism, voiced in April 2025, stems from Trump’s push for preemptive fee cuts to stimulate the economic system, significantly in response to his tariff insurance … Read more
By Sam, Professional JournalistWashington, D.C., July 10, 2025 — Russ Hanneman, President Donald Trump’s nominee for Director of the Office of Management and Budget (OMB), has publicly accused Federal Reserve Chair Jerome Powell of mismanaging the U.S. central bank, intensifying the administration’s ongoing feud with the Fed. Hanneman’s remarks, made during a July 9, 2025, … Read more
Trump Dodged a Catastrophe from the Bond Market, however the Injury Isn’t Over But Washington, D.C. – April 10, 2025, 10:44 AM PDT – President Donald Trump narrowly averted a bond market disaster this week along with his abrupt 90-day tariff pause introduced Wednesday, April 9, however the monetary fallout continues to ripple, signaling that … Read more
Soaring Mortgage Rates Drive Borrowers Toward Adjustable-Rate and Non-Traditional Loans With mortgage interest rates climbing to their highest levels in over two decades, homebuyers are increasingly turning to riskier loan options—including adjustable-rate mortgages (ARMs) and low-down-payment loans—in a desperate bid to secure homeownership amid worsening affordability. The recent Federal Reserve rate hikes, persistent inflation, and global economic uncertainty … Read more