News
Antitrust panic helped kill an American robotics pioneer
4+ hour, 21+ min ago (55+ words) Antitrust regulators claim to protect competition. Their decision to block Amazon's acquisition of iRobot did the opposite. It helped drive an American robotics pioneer into bankruptcy last December and pushed it into the arms of a Chinese creditor.Antitrust law…...
2025 Inflation Was Lowest Since Last Time Trump Was President
4+ day, 7+ hour ago (56+ words) Annual inflation in 2025 came in at 2.7 percent " the lowest annual rate since 2020, when President Donald Trump was last in office. According to the Bureau of Labor Statistics data released Tuesday, the annual inflation rate for 2025 was 2.7 percent. Inflation for shelter…...
Buried In Debt: Report Finds Government Spending Per Person Soared 10,000 Percent Over Last Century
1+ mon, 11+ hour ago (24+ words) 'While American families and businesses find a way to do more with less, the government does less with more,' said OpenTheBooks' John Hart....
Federal Reserve obliges Trump, cuts interest rates for the third time this year
1+ mon, 1+ week ago (719+ words) In a move championed by President Donald Trump, the Federal Reserve cut its key interest rate by 0.25% to a range of 3.5% to 3.75% on Wednesday, the third cut this year, lowering borrowing costs and giving some lift to a flagging job…...
Holiday sales predicted to shatter $1 TRILLION — yet Glenn Beck warns of history’s first-ever synchronized global collapse
1+ mon, 1+ week ago (563+ words) For all of human history, the four-stage debt cycle has remained the same: Discipline leads to economic prosperity; prosperity creates complacency; complacency tees up excessive spending; excessive spending turns into debt, which reaches a breaking point, necessitating discipline and restarting…...
Scott Bessent Tells Kristen Welker When Americans Should See Lower Prices
1+ mon, 3+ week ago (8+ words) 'Some are going to come down in weeks'...
When a ‘too big to fail’ America meets a government too broke to bail it out
1+ mon, 3+ week ago (689+ words) I've been titanically bearish on America for years. Sorry. I can do math.The United States owes more than $38 trillion. That alone makes the balance sheet hopeless. The debt is insurmountable.America's GDP in 2024 was $29.2 trillion, meaning the debt exceeds…...
Defusing the debt bomb: 'We're almost out of time,' warns watchdog
2+ mon, 3+ day ago (957+ words) The entire world's economy is on the top of a soup bubble. There has never in history been a failure of this kind of magnitude. All of the money in the world is gone. Where did it go? Who knows,…...
Jamie Dimon’s ‘cockroach’ economy is eating Main Street alive
2+ mon, 1+ week ago (906+ words) Jamie Dimon has been running JPMorgan Chase for nearly two decades. The business press still hails him as the man who steered the bank through the 2008 financial crisis.I'm less impressed. It's easy to look steady at the helm when…...
The American dream now comes with 23% interest
3+ mon, 3+ day ago (709+ words) You may not know Steve Eisman's name, but you should. He was the investor who bet against Wall Street in 2008 and won big " to the tune of $800 million, with a current net worth in the neighborhood of $1.5 billion. If you…...