News
US employers add 50K jobs in December as unemployment rate drops to 4.4%
14+ hour, 4+ min ago (678+ words) Hiring in December was muted, though the unemployment rate inched down " a soft end to the 2025 labor market that revealed underlying signs of strain." US employers added 50,000 jobs in December " a bit weaker than the already-slow monthly average gain of…...
Protests erupt in Iran over nation's tanking economy as people reach 'point of explosion"
1+ week, 3+ day ago (663+ words) Raucous protests erupted across Iran over the nation's severely battered economy that's made life unaffordable for many of its people as the regime's leaders spun into damage control this week. Protests " led by traders and shopkeepers " flared up in Tehran…...
Trump threatens to sue Fed Chair Jerome Powell for 'gross incompetence' over costly building renovation
1+ week, 3+ day ago (508+ words) President Trump said he is considering a lawsuit against Federal Reserve Chairman Jerome Powell for "gross incompetence" " adding that he'd love to fire "Too Late Powell" for not slashing interest rates quickly enough. He claimed that Powell's renovation of Fed…...
Weekly new jobless claims dip but unemployment rate likely remains high
2+ week, 2+ day ago (447+ words) Americans filed fewer new claims for jobless benefits last week in a surprise dip, signaling layoffs remain low " but don't pop the champagne yet. The unemployment rate likely remained stubbornly high in December as employers slammed the brakes on hiring,…...
Trump credits tariffs with boosting economy as rapid growth reported, says numbers will ‘only get better’
2+ week, 3+ day ago (171+ words) President Trump touted Tuesday that his tariffs were responsible for the "great" surging US economy. Trump took the victory lap just after the Commerce Department announced the economy had surged at a surprisingly strong 4.3% annual rate in the third quarter…...
US economy unexpectedly surges 4.3% in third quarter — its strongest growth in two years
2+ week, 3+ day ago (351+ words) The US economy grew at an unexpectedly strong pace of 4.3% in the third quarter " the highest rate in two years " according to a government report released Tuesday. Vigorous consumer spending on services such as health care and products like recreational…...
Why do pessimistic pundits keep getting Trump’s economy so wrong?
2+ week, 3+ day ago (679+ words) Even more surprising than the blockbuster 4.3% economic growth rate recorded in the third quarter of 2025 was the fact that some 90% of the nation's professional economists got it all wrong. These economic whiz-kids' faulty forecast comes on the heels of their…...
Gold and silver explode to record highs as Fed pivot sends yields tumbling
2+ week, 4+ day ago (432+ words) Gold and silver futures have exploded to record highs in 2025, capping one of the most dramatic rallies in the history of the precious metals market as investors piled into hard assets amid shifting monetary policy, geopolitical turmoil and tightening supply....
Fed’s Hammack signals holding rates steady for months: report
2+ week, 5+ day ago (268+ words) Federal Reserve Bank of Cleveland President Beth'Hammack'said she'saw'no need to change'US interest'rates for months'ahead after'the central bank cut borrowing costs'at its last three meetings, the Wall Street Journal reported on Sunday. Hammack'opposed recent rate cuts as she is more worried…...
Christopher Waller has ‘strong interview’ with Trump for Fed chair job: report
3+ week, 8+ hour ago (529+ words) President Trump interviewed Federal Reserve Gov. Christopher Waller as the White House zeroes in on a short list of four contenders to succeed Fed Chairman Jerome Powell, according to a report. Waller had a "strong interview" with Trump that focused…...