News
Trump's 'Golden Age' Has Arrived for the Top 10%
3+ hour, 43+ min ago (363+ words) Trump's 'Golden Age' Has Arrived for the Top 10% President Donald Trump's economy has exceeded expectations in his first year back in office. Mainly for America's wealthiest households, that is. Posted by lamplighter at 05:33 PM | 3 COMMENTS | permalink | Comment on This Entry…...
Spending Helped Drive 4.3% Economic Growth from July to Sept
1+ day, 9+ hour ago (575+ words) Spending Helped Drive 4.3% Economic Growth from July to Sept The estimate, which had been delayed by the government shutdown, shows that the economy remained resilient over a three-month period that saw fewer new tariffs announced and consumers shopping for back-to-school…...
Consumer Inflation Moderates in Nov Amid Missing Data
6+ day, 11+ hour ago (249+ words) Consumer Inflation Moderates in Nov Amid Missing Data U.S. consumer prices increased less than expected in the year to November, but the moderation was likely technical after the 43-day government shutdown delayed data collection late into the month, when retailers offered…...
Trump Economy Kills 1 in 3 Jobs in MAGA Town
1+ week, 3+ day ago (239+ words) Trump Economy Kills 1 in 3 Jobs in MAGA Town Residents of Lexington, Nebraska are panicking after the town's largest employer announced it would be shutting down operations early next year. Posted by reinheitsgebot at 10:31 AM | 6 COMMENTS | permalink | Comment on This Entry…...
This Holiday Season Isn't Very Merry for Consumers, an AP-NORC poll finds
1+ week, 5+ day ago (247+ words) This Holiday Season Isn't Very Merry for Consumers, an AP-NORC poll finds This holiday season isn't quite so merry for American shoppers as large shares are dipping into savings, scouring for bargains and feeling like the overall economy is stuck…...
Powell Says Trump Is Drastically Overstating Job Numbers
1+ week, 6+ day ago (304+ words) Powell Says Trump Is Drastically Overstating Job Numbers Fed Chair Jerome Powell pointed on Wednesday to a job-market risk that economists have been worried about for months: Official statistics could be drastically overstating recent hiring. Posted by reinheitsgebot at 11:30 PM…...
Layoffs Top 1.1 Million This Year, the Most Since 2020 Pandemic
2+ week, 6+ day ago (206+ words) Layoffs Top 1.1 Million This Year, the Most Since 2020 Pandemic Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and tariffs have helped pare job rolls, consulting firm Challenger, Gray…...
Eight Consecutive Months of Manufacturing Job Losses
4+ week, 1+ day ago (899+ words) Eight Consecutive Months of Manufacturing Job Losses The jobs report from the Bureau of Labor Statistics released last week found that while nonfarm payrolls increased by 119,000, there were 6,000 fewer manufacturing jobs, adding to the tally of 59,000 lost factory jobs since…...
US Retail Sales Growth Cools; Consumer Sentiment Sags
4+ week, 1+ day ago (198+ words) US Retail Sales Growth Cools; Consumer Sentiment Sags U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not dampen economists' expectations for solid economic growth in the third…...
The Economist Magazine Predicts Dire, Ominous Year Ahead
1+ mon, 4+ day ago (456+ words) The Economist Magazine Predicts Dire, Ominous Year Ahead "The super creepy The World Ahead 2026' magazine cover published by The Economist shows they expect war, pestilence, and financial collapse in 2026." Posted by C0RI0LANUS at 04:31 PM | 8 COMMENTS | permalink | Comment on This Entry | Donald…...