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News
US Consumer Prices Accelerate in August
3+ hour, 1+ min ago (385+ words) Report likely to result in the Federal Reserve raising interest rates next week, financial markets bet. Consumer sentiment sags in September; inflation expectations rise. Posted by lamplighter at 11:33 PM | 5 COMMENTS | permalink | Comment on This Entry | Fed Chairman Kevin Warsh faces…...
Workers' Share of America's Income Is at a Record Low
3+ day, 14+ hour ago (1084+ words) Workers' share of U.S. income has already fallen to its lowest level on record, while corporate profit margins keep breaking records quarter by quarter. Posted by lamplighter at 12:33 PM | 28 COMMENTS | permalink | Comment on This Entry | Corporate America has been waging a…...
World's Biggest Sovereign Wealth Fund Plans to Cut U.S. Treasury Holdings
4+ day, 3+ hour ago (365+ words) Norway's sovereign wealth fund has proposed cutting the allocation of government bonds in its $2.3 trillion investment portfolio, chiefly affecting its holdings of U.S. Treasurys, as it seeks to diversify its risk exposure and boost returns. Posted by qcp at 11:32 PM | 2 COMMENTS…...
Diesel Hits Record Price
4+ day, 5+ hour ago (191+ words) Posted by reinheitsgebot at 09:32 PM | 5 COMMENTS | permalink | Comment on This Entry | Diesel. (via Schwab)[image or embed] Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month…...
Trump's Threat to Halt Trade with Top Partners Unless Fed Cuts Rates
4+ day, 4+ hour ago (153+ words) President Donald Trump on Friday demanded that the Federal Reserve slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits. Posted by qcp at 10:30 PM | 3 COMMENTS | permalink | Comment on This Entry | "Trump…...
From Surplus to $40 Trillion Debt in One Generation
2+ week, 6+ day ago (1219+ words) In 2000, we ran a surplus budget. One generation later, we're $40 Trillion in debt, and the annual service on that debt is now more than we spend on Defense. Posted by Danforth at 03:33 PM | 19 COMMENTS | permalink | Comment on This Entry | Surprise,…...
US Consumers Cut Their Retail Spending Last Month
3+ week, 6+ day ago (95+ words) Americans pulled back on their retail spending in July and their confidence in the economy is taking a hit. Posted by REDIAL at 12:32 PM | 2 COMMENTS | permalink | Comment on This Entry | US retail sales post first decline in nine months in…...
US Private Sector Job Growth Slows for Sixth Straight Week
1+ mon, 6+ hour ago (164+ words) U.S. private employers added an average of 8,250 jobs per week for the four weeks ending July 25, marking the sixth consecutive week of slowing hiring, according to data released today. Posted by reinheitsgebot at 08:31 PM | 3 COMMENTS | permalink | Comment on This Entry | US…...
July Jobs Report Reveals Unexpected Loss of 23,000 Jobs
1+ mon, 4+ day ago (230+ words) The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists' expectations and signaling the job market may be slowing. Posted by Nixon at 12:30 PM | 7 COMMENTS | permalink | Comment on This Entry | #1 | Posted by Nixon at 2026-08-07 09:18 AM | Reply #2 | Posted by Zed at 2026-08-07 09:37 AM…...
US Economic Growth Slows Unexpectedly
1+ mon, 1+ week ago (295+ words) Growth in the US slowed unexpectedly in the three months to June, according to official figures. Posted by REDIAL at 08:33 PM | 6 COMMENTS | permalink | Comment on This Entry | NEW: US Real GDP came in at a 1.5% annualized growth rate in Q1 2026 data…...