News
Kevin Warsh Has Defined Success. Now He Needs To Deliver It
2+ hour, 47+ min ago (278+ words) The Federal Reserve held rates steady at its June meeting. That wasn't the story. What mattered: Kevin Warsh sees a credibility crisis. The fix is to deliver on past promises, not signal the future. I've known Warsh...
Texas BBQ Joints Crushed by Soaring Brisket Prices
3+ week, 4+ day ago (365+ words) Texas barbecue restaurants are shutting down as skyrocketing beef costs turn brisket from a working-class staple into an expensive luxury. According to the New York Post, pitmasters across the state say rising wholesale meat prices, inflation, and slowing customer traffic…...
NYC Comptroller Warns AI Could Trigger Major Economic Shock
4+ week, 2+ day ago (593+ words) New York City's top financial watchdog is urging Mayor Zohran Mamdani to brace for what he believes could be a massive economic shakeup caused by artificial intelligence. According to the New York Post, city Comptroller Mark Levine warned Wednesday that…...
US Voters" Confidence In Economy Nosedives To Nearly 4-Year Low
3+ week, 3+ day ago (480+ words) Americans" confidence in the economy has dropped to a nearly four-year low, according to a Gallup poll released Friday. Gallup"s Economic Confidence Index'sank'to -45 in May, down from'-38 in April. This marks'the lowest reading since October 2022, when the index score…...
Iran War's Shockwaves Haven't Fully Arrived Just Yet. But They're Coming.
1+ mon, 1+ week ago (678+ words) Shipping through the Strait of Hormuz has been at a virtual standstill for two months now. In response, oil prices spiked, tanker rates skyrocketed and "experts" have claimed Wall Street has priced it all into the financial markets. But what…...
Trump Econ Adviser Says It's Good Sign Americans Using Credit Cards More As Iran War Blows Up Their Budgets
1+ mon, 2+ week ago (46+ words) ...
America's Debt Just Hit Grim Milestone After Decades Of Politicians Spending Like Drunken Sailors
1+ mon, 2+ week ago (376+ words) The U. S. national debt exceeded the total amount of output from the entire economy as of March 31, The Wall Street Journal reported Thursday. The country's publicly held debt was $31. 265 trillion, while the nation's Gross Domestic Product (GDP), the total value of…...
Uncle Sam Puts Price Tag On Foreign Trade Rip-Offs For First Time Ever
1+ mon, 3+ week ago (603+ words) You probably didn't hear much about a'trade meeting that wrapped up in Cameroon last month. That's understandable. What happened there, or more precisely what didn't happen, affects your paycheck, your job and the prices you pay for almost everything. The…...
STEPHEN MOORE: Price Controls Will Deny Millions Of Americans Credit Cards
2+ mon, 5+ day ago (697+ words) There's a famous line in the movie "The Graduate" where a young Dustin Hoffman receives this bit of career advice from a businessman: "One word, Benjamin: plastics." He wasn't talking about credit cards, but he might as well have been....
ALFREDO ORTIZ: Jobs Report Shows Economy Of Resilience
2+ mon, 2+ week ago (270+ words) Friday's'strong jobs report'smashed expectations and demonstrated that the economy and labor market are far stronger than the mainstream media suggests. The economy added 178, 000 jobs in March, and the unemployment rate fell to 4. 3 percent. Real wages rose again, increasing average American…...