News
NY Fed: US Business, Consumers Bore 90% of Trump Tariffs Cost
2+ hour, 4+ min ago (492+ words) NY Fed: US Business, Consumers Bore 90% of Trump Tariffs Cost U.S. businesses and consumers bore about 90 percent of the cost of President Trump's sweeping tariffs, according to a recent report by the Federal Reserve Bank of New York. Posted by qcp…...
Trump Claims Inflation Victory Nearly 20 Times Even as Prices Bite
6+ day, 1+ hour ago (350+ words) Trump Claims Inflation Victory Nearly 20 Times Even as Prices Bite Reuters review of his speeches shows a president repeatedly declaring inflation beaten while rarely acknowledging the strain many Americans say they still feel. Posted by LegallyYourDead at 08:33 AM | 8 COMMENTS | permalink…...
Layoffs in January Were the Highest to Start a Year Since 2009
1+ week, 1+ day ago (76+ words) Layoffs in January Were the Highest to Start a Year Since 2009 U.S. employers announced 108,435 layoffs for the month, up 118% from the same period a year ago and 205% from December 2025. Posted by qcp at 11:32 AM | 1 COMMENT | permalink | Comment on This Entry | "Nobody…...
Trade Deficit Soars Under Trump
2+ week, 17+ hour ago (168+ words) Trade Deficit Soars Under Trump The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump's tariffs worked their way through the economy, the Census…...
Consumers Spent More, Saved Less in November, Inflation Rose
2+ week, 6+ day ago (179+ words) Consumers Spent More, Saved Less in November, Inflation Rose Inflation ticked up to 2.8% November, moving further away from the Federal Reserve's target 2% mark, the Bureau of Economic Analysis reports Thursday. Posted by LampLighter at 10:30 PM | 2 COMMENTS | permalink | Comment on This…...
Trump Backs Off Lower Credit Card Rates
3+ week, 1+ hour ago (504+ words) Trump Backs Off Lower Credit Card Rates President Donald Trump called for credit card companies to cap interest rates at 10%, roughly half the industry average, effective Jan. 20. Posted by LegallyYourDead at 08:30 AM | 9 COMMENTS | permalink | Comment on This Entry | Donald Trump…...
Globe Flees U.S. Assets, Treasury Prices Tumble
3+ week, 3+ day ago (364+ words) Globe Flees U.S. Assets, Treasury Prices Tumble The "sell America" trade is in full swing Tuesday morning after President Donald Trump and European leaders escalated tensions over Greenland. Posted by qcp at 12:25 PM | 8 COMMENTS | permalink | Comment on This Entry | Global Stocks…...
Cracks Begin to Appear at the Nation's Biggest Banks
4+ week, 13+ hour ago (141+ words) Cracks Begin to Appear at the Nation's Biggest Banks This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump's threatened cap on credit card rates loomed large. Posted by qcp at 08:33 PM | 2 COMMENTS…...
Under Trump, Weakest Job Growth in over 20 Years
1+ mon, 4+ day ago (296+ words) Under Trump, Weakest Job Growth in over 20 Years With December's estimated job gains, which are subject to revision, the US economy added just 584,000 jobs last year. Outside of recession years, that's the weakest annual job growth seen since 2003, BLS data…...
Trump Economy: Factory Orders Down for 10th Straight Month
1+ mon, 6+ day ago (99+ words) Trump Economy: Factory Orders Down for 10th Straight Month Posted by snoofy at 10:31 AM | 3 COMMENTS | permalink | Comment on This Entry | Trump has said the tariffs are bringing in hundreds of billions of dollars in new revenue to the U.S. Treasury and that…...