News
Trump's Tariffs Fail to Shrink the Trade Deficit
2+ hour, 23+ min ago (732+ words) President Donald Trump's tariffs aren't working as advertised. Americans are not a nation of big savers. In March, household savings as a share of personal disposable income were 3. 6%. Savings fluctuate month-to-month depending on conditions in labor markets that determine employment…...
Poll: 68% of Americans' Finances Good or Improving
3+ day, 26+ min ago (322+ words) By Lee Barney "|" Tuesday, 05 May 2026 02: 02 PM EDT Americans are feeling more prosperous " even as concerns about the economy, markets, and politics remain elevated. More than 8 in 10 Americans say their prosperity is the same or better than six months ago, according…...
US Attorney Pirro Says Fed IG's Findings Will Dictate Future of Her Powell Probe
5+ day, 2+ hour ago (444+ words) Michael S. Derby Sunday, 03 May 2026 12: 06 PM EDT The prosecutor who dropped the criminal investigation launched by President Donald Trump's administration into Federal Reserve Chair Jerome Powell said on Sunday if a Fed internal watchdog probe into cost overruns in the central…...
Apple Leads Wall St to More Records as Oil Pulls Back
6+ day, 22+ hour ago (567+ words) STAN CHOE Friday, 01 May 2026 04: 11 PM EDT The U. S. stock market rose to more records after Apple, Estee Lauder and others joined the list of companies delivering fatter profits for the start of the year than analysts expected. The S&P 500 rose…...
The Rising Risk of Global Recession
1+ week, 2+ day ago (963+ words) The world economy is heading into dangerous territory. With the war in Iran disrupting the Strait of Hormuz, the global order is under strain and a recession is no longer a remote concern. The reason is simple: energy sits at…...
Gallup: Cost of Living Tops Americans' Financial Concerns
1+ week, 3+ day ago (383+ words) By Brian Freeman "|" Tuesday, 28 April 2026 02: 08 PM EDT The high cost of living continues to rank as the most pressing financial problem facing American households, according to a new survey from Gallup published on Tuesday. About 31% of Americans cited cost-of-living pressures…...
Jerome Powell's Swan Song
1+ week, 4+ day ago (792+ words) This week, Jerome Powell will likely chair the Federal Reserve's interest rate setting committee meeting for the last time. U. S. Attorney Jeannie Pirro has dropped her investigation into Chairman'Powell's congressional testimony concerning renovations to the Fed headquarters. That clears a path…...
Analysis: Global Financial Shock Arrives " Stocks, Commodities Make No Sense
1+ week, 3+ day ago (122+ words) Newsmax Analysis: Global Financial Shock Arrives " Stocks, Commodities Make No Sense A view of screens showing shipping in the Middle East on Monday at the U. K. Maritime Trade Organization, the Royal Navy center monitoring shipping traffic in the Gulf. (Andrew Matthews…...
Bessent Orders CDFI Probe, Defends Cuts
1+ week, 4+ day ago (463+ words) By Jim Mishler "|" Monday, 27 April 2026 01: 33 PM EDT The Treasury Department said Monday it has initiated a review of Community Development Financial Institutions"to identify potential violations and ensure proper use of federal funds. The department said it's assessing whether certified…...
More Debt Won't Fix Spending, Affordability Problems
1+ week, 4+ day ago (760+ words) America has a spending problem. It also has a healthcare problem. These are not two separate crises but rather the same crisis wearing different clothes. The Cato Institute's new "Handbook on Affordability" is a great resource to understand the root…...