Here’s Why Banks and Credit Card Companies Are Wary of Buy Now, Pay Later Loans Buy now, pay later (BNPL) loans have exploded in popularity, letting shoppers split purchases into easy installments without interest on many plans. But as these services from companies like Affirm, Klarna, and Afterpay grab market share, traditional banks and credit … Read more
In May 2025, U.S. consumer confidence rebounded sharply, with the Conference Board’s Consumer Confidence Index® jumping 12.3 points to 98.0, exceeding expectations and marking the largest monthly gain in four years. Driven by optimism over a U.S.-China trade truce and delayed EU tariffs, this surge ended a five-month decline, signaling potential for increased spending and … Read more
Fed’s John Williams Stresses Independence as Trump Moves to Fire Lisa Cook New York, August 27, 2025 – New York Federal Reserve President John Williams emphasized the critical importance of central bank independence in a CNBC “Squawk Box” interview on Wednesday, amid President Donald Trump’s unprecedented attempt to remove Federal Reserve Governor Lisa Cook from … Read more
On July 12, 2025, President Donald Trump announced via letters posted on Truth Social that the United States would impose a 30% tariff on goods from the European Union and Mexico starting August 1, 2025, escalating trade tensions with two of America’s largest trading partners. The move, aimed at addressing the U.S. trade deficit and … Read more
Trunk Tools Uses AI to Reduce Construction Errors and Waste New York, August 2, 2025 — In an industry plagued by inefficiencies costing nearly $1 trillion annually, Trunk Tools, a New York-based startup, is leveraging artificial intelligence (AI) to revolutionize construction project management. Founded by Dr. Sarah Buchner, a former carpenter turned civil engineering Ph.D., … Read more
DOGE financial savings – U.S. President Donald Trump speaks subsequent to Elon Musk and X Æ A-12, Musk’s son, throughout the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Elon Musk on Tuesday talked about he’ll contact base with President Donald Trump on a proposal to ship Individuals tax refund checks … Read more
Washington, D.C. – March 16, 2025Treasury Secretary Scott Bessent delivered an optimistic assessment of the Trump administration’s economic strategy during an appearance on NBC’s Meet the Press today, asserting that decisive policy shifts are preventing an impending financial crisis. Bessent, a seasoned economist and hedge fund veteran, credited the administration’s focus on sustainable fiscal policies … Read more
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
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