News
U.S. trade deficits remain high in 2025, despite Trump’s tariff policy
2+ hour, 13+ min ago (272+ words) The U.S. trade deficit for goods hit a record 1.2 trillion last year, even as the Trump administration pursued a trade agenda with aggressive tariffs and a staunch "America First" approach. Fresh data released by the Commerce Department on Thursday morning showed…...
Trump Hit With Bombshell Study Revealing Reason for Staggering Cost Rises
2+ hour, 40+ min ago (492+ words) Donald Trump's sweeping tariffs forced mid-sized U.S. companies to pass on the costs to American consumers, according to a damning report. Analysis from the JPMorganChase Institute found that the amount of tariffs paid by mid-sized businesses has more than tripled since…...
Fed minutes: Lower inflation needed before many officials will support rate cuts
11+ hour, 50+ min ago (574+ words) Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show. Fed officials at that meeting agreed…...
Deutsche Bank asked AI how it was planning to destroy jobs. And the robot answered
17+ hour, 26+ min ago (381+ words) The experiment, detailed in a report titled "What AI Says About AI Eating Itself and the World," utilized Google's Gemini 2.5 Pro model to generate a deep analysis of global sectors. The findings suggest that data-rich industries with repetitive tasks are…...
Trump’s top economic advisor says Fed researchers should be punished for their recent views on tariffs
20+ hour, 41+ min ago (479+ words) Donald Trump's economic advisor said that Federal Reserve writers behind a report claiming that Americans bear the brunt of tariffs should be "disciplined." Kevin Hassett, the director of the National Economic Council, criticized the Federal Reserve Bank of New York's…...
America’s vanishing cattle herd drives 15% price hikes for beef
4+ day, 10+ hour ago (745+ words) While US inflation has cooled from its pandemic-era peak, prices at grocery store meat counters are skyrocketing with no relief in sight. But it's not that simple: The US cattle herd has shrunk in recent years to the smallest since…...
Soaring coffee prices rewrite some Americans’ daily routines
4+ day, 12+ hour ago (821+ words) NEW YORK'For years, it was a daily McDonald's trip for a cup of coffee with 10 sugars and five creams. Later, it was Starbucks caramel macchiatos with almond milk and two pumps of syrup. Coffee has been a morning ritual for…...
Americans Forced to Sell Their Blood as Trump’s Affordability Crisis Spirals
6+ day, 8+ hour ago (579+ words) A growing number of Americans are rolling up their sleeves and selling their blood to stay afloat as President Trump's economy tightens purse strings. Across the country, plasma centers are reporting steady traffic from middle-class workers who say rising costs…...
How a supplier of nuts and bolts could curb Trump’s tariff overreach
6+ day, 22+ hour ago (178+ words) Scott Lincicome is vice president of general economics and the Herbert A. Stiefel Center for Trade Policy Studies at the Cato Institute. Inu Manak is a senior fellow for international trade at the Council on Foreign Relations. An Illinois supplier of…...
Ahead of Jobs Report, White House Seeks to Downplay Any Slowdown
1+ week, 1+ day ago (529+ words) Top White House officials have started trying to downplay a highly anticipated jobs report set for release on Wednesday, insisting that the U.S. economy remains strong even if the data may ultimately show a fresh slowdown in hiring. The source of…...