Layoff Announcements Surge to Most Since Pandemic as Musk’s DOGE Slices Federal Labor Force Washington, D.C., April 3, 2025 – U.S. employers announced a staggering 275,240 layoffs in March, the highest monthly total since the Covid-19 pandemic crippled the economy in 2020, driven largely by massive federal job cuts under Elon Musk’s Department of Government … Read more
On August 13, 2025, President Donald Trump downplayed reports of a suspected Russian hack targeting the U.S. federal court filing system during a press conference, stating, “Are you surprised? They hack in—that’s what they do. They’re good at it. We’re good at it.” The comments, reported by outlets like Axios and The Hill, were in … Read more
Federal Reserve Chair Jerome Powell Testifies Before Senate Banking Panel Amid Tariff and Rate Cut Debates Washington, D.C., June 27, 2025 — Federal Reserve Chair Jerome Powell delivered his semiannual monetary policy testimony before the Senate Banking, Housing, and Urban Affairs Committee on June 25, 2025, addressing critical issues like inflation, interest rates, and the … Read more
As inflation continues to soar, consumer food businesses across the country are grappling with unprecedented cost increases and supply chain disruptions. In a growing number of industries, businesses are finding themselves “nowhere to absorb it,” unable to offset the rising prices of raw materials, labor, and logistics without passing them on to consumers. According to … Read more
The extremely anticipated June inflation report, set for launch Tuesday morning, is anticipated to offer the clearest proof but of how President Trump’s current tariff insurance policies are affecting shopper costs. Economists will scrutinize the info for indicators that new tariffs on Chinese language items, metal, aluminum and different imports are pushing costs greater … Read more
U.S.-China Tariff Truce Marks Step Towards Strategic Decoupling, Says Treasury Secretary Bessent Washington, D.C., Could 13, 2025 – U.S. Treasury Secretary Scott Bessent hailed the U.S.-China commerce settlement, introduced on Could 12, 2025, as a major step within the “strategic decoupling” of the U.S. financial system from reliance on Chinese language imports for important items. … Read more
Fed Cuts Rates by Quarter Point, But Trump Appointee Miran Dissents for Bigger Half-Point Slice Washington, September 17, 2025 — In a move that kicked off the first interest rate cut of President Donald Trump’s second term, the Federal Reserve on Wednesday lowered its benchmark federal funds rate by a quarter percentage point, bringing it … Read more
Federal Reserve Faces Uncertainty at Might 2025 Assembly: What to Anticipate Washington, D.C., Might 7, 2025 – The Federal Open Market Committee (FOMC) concludes its two-day assembly at this time, Might 7, 2025, amid heightened financial uncertainty pushed by President Donald Trump’s aggressive tariff insurance policies and their potential to disrupt inflation and employment. Economists … Read more
President Donald Trump’s escalating tariffs on Chinese language imports, reaching 145% by April 2025, have triggered vital value hikes amongst Amazon sellers, with many dealing with the selection of elevating prices, absorbing losses, or exiting the U.S. market totally. As much as 70% of products bought on Amazon originate from China, making the platform notably … Read more
Scott Bessent, US treasury secretary, throughout a Bloomberg Tv interview in New York, US, on Thursday, Feb. 20, 2025. Treasury Secretary Scott Bessent on Thursday provided a full-throated protection of the White Home’s place on tariffs, insisting that commerce coverage must be about extra than simply getting low-priced objects from different international locations. “Entry to … Read more