News
Tariff Dodge: Billions in Phantom Trade Shifts Expose System Flaws
1+ hour, 37+ min ago (217+ words) As U.S. tariffs on Chinese goods have tightened, import figures show a dramatic drop. Yet investigators and trade analysts say a significant portion of that decline isn't real. Instead, companies are using accounting tricks and fraudulent schemes to reroute shipments and…...
Iran Tensions Hammering Gas Pumps, Groceries, and Amazon Bills
1+ day, 7+ hour ago (208+ words) The escalating conflict in Iran is creating a cascade of price increases that are hitting American wallets across multiple fronts. Gasoline prices have climbed to $4.12 per gallon as geopolitical tensions disrupt global energy markets. The surge extends beyond the pump,…...
War Shock Sends Borrowing Costs Soaring; Housing, Deficit Pain Ahead
2+ day, 11+ hour ago (186+ words) The escalating conflict with Iran is triggering a sharp spike in long-term interest rates, reshaping expectations for inflation, Federal Reserve policy, and the government's finances in ways not seen during previous geopolitical crises. The 10-year Treasury yield jumped roughly half…...
Powell Punts on War Shock Decision: Fed Wants to Wait and See
2+ day, 20+ hour ago (346+ words) Federal Reserve Chair Jerome Powell said Monday that the central bank has not yet reached the point where it must decide how to handle economic shocks from the Iran war, telling economics students at Harvard that the Fed is content…...
U.S. Economy Built to Survive Energy Shock
2+ day, 21+ hour ago (469+ words) The American economy faces a test from rising energy prices tied to Middle East tensions, but it enters the crisis with a structural advantage that didn't exist during previous oil shocks: it simply doesn't need as much fuel to function....
Consumer Spending Holds Strong, But Storm Clouds Gather
3+ day, 13+ hour ago (176+ words) American households are still opening their wallets, but cracks are beginning to show in the foundation supporting robust consumer spending. American households are still opening their wallets, but cracks are beginning to show in the foundation supporting robust consumer spending....
U.S. adds 178,000 jobs in March as labor market shrugs off geopolitical uncertainty
4+ day, 3+ hour ago (345+ words) The U.S. labor market rebounded sharply in March, adding 178,000 jobs while the unemployment rate dipped to 4.3%, according to data released Friday by the Bureau of Labor Statistics. The gain far exceeded economist expectations, arriving nearly three times higher than forecasts. It…...
Economic shocks hit hardest where cushions are thinnest
5+ day, 12+ hour ago (266+ words) History shows that cost-of-living crises punish different households in drastically different ways. Those entering a period of economic turmoil with savings, stable income, and assets weather the storm far better than those living paycheck to paycheck. The pattern has repeated…...