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News
Q3 US Real GDP Growth At 5% (So Much For The Iran “War” Slump)
3+ hour, 1+ min ago (70+ words) According to the Atlanta Fed’s GDP Now REAL time model, Q3 Real GDP is 5%. The subcomponents of GDP growth are as follows: So much for the doom and gloom of Trump’s tariff “war” or Trump’s Iran “war.” 5% Real GDP growth is…...
Stock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold
3+ day, 1+ hour ago (611+ words) US stocks dropped on Wednesday as bond yields rose after the Federal Reserve voted to hold rates steady, with three members dissenting and voting for a hike. The Dow Jones Industrial Average (^DJI) fell more than 1,100 points or 2.2% as oil…...
Oil prices plunge and stocks rise after US pauses attacks on Iran: Global oil prices dropped 6% on Monday, crossing below $90 a barrel.
5+ day, 5+ hour ago (303+ words) Oil prices plunged and stocks surged in early trading on Monday after the U.S. paused attacks on Iran over the weekend, opting against a major escalation of the war. Global prices fell 6% on Monday, briefly crossing below $90 a barrel before moving…...
Mortgage Rates Rise Further as Iran War Sends Oil Back Above $100
1+ week, 2+ day ago (534+ words) Mortgage rates continued their ascent this week, climbing to a new 11-month high, as the escalating conflict in the Middle East put upward pressure on oil prices, sparking renewed inflation fears and leading investors to reassess the odds of a…...
Treasury stopped nearly $100M in taxpayer money from going to dead people after new gov’t measure implemented
1+ week, 4+ day ago (531+ words) The Treasury Department has blocked nearly $100 million in taxpayer money from going to dead people since implementing a government-wide payment verification process last year, The Post has learned. The department’s Bureau of the Fiscal Service discovered the money set to…...
America’s Enterprising Spirit Is Booming After Decades-Long Slump
2+ week, 1+ day ago (554+ words) Cassidy Winkler was working as a flight attendant on private jets when inspiration struck. It was the offseason for the professional hockey players she helped ferry around, and things at her job were slow. Eager for a diversion and missing…...
Dallas Fed President Logan calls for ‘modestly’ higher interest rates
2+ week, 2+ day ago (503+ words) Dallas Federal Reserve President Lorie Logan, asserting that this week’s good inflation news wasn’t good enough, called Thursday for “modestly” higher interest rates to win a battle the central bank has been losing for the past five years. A voting…...
Capitalism Gets a Bum Rap
2+ week, 3+ day ago (608+ words) Capitalism has been getting a bad rap. According to one 2025 Gallup poll, only 54% of Americans have a positive view of capitalism. More Democrats think highly of socialism than capitalism. Another survey, from 2019, found that younger Americans were the least likely…...
The 5,000 Year War [Between Creditors and Debtors]
2+ week, 3+ day ago (256+ words) ...Professor Michael Hudson characterizes the relationship between creditors and debtors as a 5,000 year long war which in our time is being won by the creditors. Indeed, an independent oligarchy of creditors has been created and is currently buying up land…...
Inflation eased more than expected in June as gas prices fell, CPI report shows
2+ week, 4+ day ago (525+ words) Inflation slowed more than expected in June, easing to an annual rate of 3.5% from 4.2% in May as lower gasoline prices helped cool price growth, according to Labor Department data released Tuesday. By the numbers Economists polled by the financial data…...