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News
Iran's Oil Lifeline Is Running Dry — and Bessent Says $40 Crude Could Be Coming
1+ week, 21+ hour ago (391+ words) Oil prices could go down to $40 or $50 a barrel "on the other side" of the Iran conflict, Treasury Secretary Scott Bessent said in a weekend interview, as supply coming on that's currently constrained is able to flow freely. “Let the…...
August Jobs Report Has Economists Saying One Word: 'Wow!"
1+ week, 3+ day ago (245+ words) The August jobs report is definitely a banger. Let's hear from CNBC's Rick Santelli: "Hold onto your seats, folks!" Non-farm payrolls for August were up 162,000, about three times expectations of 53,000. That was already higher than the average monthly increase of…...
Warsh Makes 'Most Extensive' Comments on US Economy Since Becoming Fed Chair
2+ week, 2+ day ago (477+ words) Federal Reserve Chair Kevin Warsh spoke at the banking body's annual conference in Wyoming, on Friday, for the first time since President Trump tapped him for the role and in his remarks, he made his "most extensive" comments yet on…...
Don't Poke the Bear: Scott Bessent Brutalizes Robert Reich Over 'K-Shaped Economy"
3+ week, 4+ day ago (571+ words) Those who were old enough to be around when Robert Reich was Bill Clinton’s labor secretary know that he was a loudmouthed progressive with no formal economic training who was criticized for using emotion instead of logic in his leftist…...
Trump Celebrates Plummeting Prescription Drug Prices As the Media Feverishly Works to Credit Biden
4+ week, 1+ hour ago (568+ words) The White House celebrated plunging prescription drug prices Monday as the Bureau of Labor Statistics reported Wednesday that they saw the largest annual decline since 1963. There are a lot of factors behind the news, and some drugs saw steep price…...