October Inflation Report Shows Price Pressures Spreading Beyond Energy
New inflation data shows price increases spreading beyond energy into food and services, and a Federal Reserve governor has signaled the central bank could respond with a larger-than-usual interest rate hike in December.
October Inflation Report Shows Prices Climbing Faster Than Forecast
The consumer price index rose 0.4 percent in October, beating forecasts, as shelter, food and a range of services costs climbed, shifting market bets toward a bigger Federal Reserve rate move next month.
Three Charts Show the Economic Backdrop as Voters Head to the Polls
As Americans vote in the midterms, inflation, fuel prices and mortgage rates offer a snapshot of the economic pressures weighing on their decisions.
A Contrarian Case: Is America Actually Overbuilding Housing?
A new commentary challenges the near-universal view that America faces a severe housing shortage, arguing that slowing population growth and household formation could mean the country is on pace to build too many homes, not too few.
Republicans Frame Affordability Push Around Energy, Taxes and Competition Ahead of Midterms
Republican policy advocates are framing this year’s affordability debate as a combination of energy costs, taxes, competition policy and federal spending, pointing to September’s 3.7 percent inflation rate as evidence of the strain on household budgets.
Factory Output Rises as New York and Pennsylvania Report Manufacturing Gains
U.S. factories boosted output of machinery, metals and semiconductors in September even as auto production fell for a third straight month, with New York and Pennsylvania manufacturing surveys both pointing to continued expansion.
New York Fed Survey Finds Americans Less Worried About Losing Their Jobs
A New York Fed survey released Wednesday found Americans felt more secure about their jobs in September even as they braced for higher near-term inflation and reported worsening views of their own finances.
Consumer Confidence Hits Lowest Point Since 2014 as Gas Prices Bite
The Conference Board’s consumer confidence index fell to 81.9 in September, its lowest level since 2014, as surging fuel costs and inflation worries dragged down Americans’ views of the economy, jobs and their own finances.
Fed Raises Rates for First Time in Three Years, Citing Persistent Inflation
The Federal Reserve raised its benchmark interest rate a quarter point Wednesday, its first hike in three years, as officials cited persistent inflation and a resilient economy.
Trump Administration Weighs Letting Stay-at-Home Parents Tap Federal Child Care Funds
The Trump administration is reportedly drafting a rule that would let stay-at-home parents in married couples access a federal child care fund currently reserved for working parents, potentially providing about $9,000 per child annually.
Factories Are Booming While Shoppers Pull Back, and Economists Say That’s Actually Good News
The latest Federal Reserve Beige Book shows factories, energy and construction booming even as consumers pull back — and some economists say that split may actually be a sign the economy is heading for a soft landing rather than trouble.
Factory Job Openings Hit Three-Year High Even as Hiring Slows
U.S. factory job openings jumped to a three-year high in July even as manufacturers slowed their actual hiring, new Labor Department data show.
Elon, Trump, and DOGE Chief to Cut $1 Trillion from US Deficit in Trump’s 2nd Term’s Week 2!
President Trump and Elon Musk have been making significant strides since Trump assumed office just under two weeks ago. In a bold move, Trump has embarked on a mission to overhaul the system, eliminating what he sees as corruption and inefficiency. Among his early actions, he targeted Islamic terrorists with military force and enacted policies […]
NPR, PBS, and Voice of America face defunding, reform due to perceived reporting bias concerns
National Public Radio, Public Broadcasting Service, and Voice of America are under scrutiny for perceived left-wing bias, prompting discussions about their funding. These broadcasting services, which benefit from public money, are accused of delivering slanted content. Critics, including politicians and former industry insiders, argue that NPR, PBS, and VOA push propaganda funded by taxpayers. On […]
Trump’s Crypto Coin Value Surges Beyond $50 Billion
As of Sunday, the new cryptocurrency $TRUMP, associated with President-elect Donald Trump, has reportedly accumulated over $50 billion in value. According to Trump’s official website, this digital currency is marketed as “the only official Trump meme.” This statement highlights the branding strategy behind the cryptocurrency, aiming to leverage the Trump name and its cultural resonance. […]
Biden Bans Energy Development in Nevada’s Ruby Mountains for 20 Years
In a controversial move, the Biden administration announced a sweeping 20-year ban on oil, gas, and geothermal development across 264,000 acres of federal land in Nevada’s Ruby Mountains. This decision, unveiled Monday, has drawn sharp criticism from energy advocates and conservative commentators who view it as another attack on American energy independence. The ban, framed […]
Fifth Circuit Rejects Nasdaq Board Diversity Disclosure Rule
A landmark ruling from the Fifth Circuit Court of Appeals has struck down a controversial Nasdaq stock exchange rule requiring board diversity among listed companies. The rule, approved by the U.S. Securities and Exchange Commission (SEC) in 2021, mandated companies to either include at least one woman, minority, or LGBTQ individual on their boards or […]
Big Lots Prepares for Bankruptcy Amid Inflation and Declining Sales
Discount retailer Big Lots is preparing to file for bankruptcy as soaring inflation, declining sales, and overall economic instability take their toll on the company. The once-thriving chain, known for offering affordable household goods and furniture, has been struggling in recent months to keep up with rising costs and dwindling consumer spending. Industry insiders point […]
Growing Number of Americans Struggle to Pay Bills Under Biden-Harris: Report
Recent survey results indicate that nearly 40% of Americans are concerned about their ability to pay all of their bills on time. The current inflation rate under the Biden-Harris administration has exceeded that of the Great Recession of 2008-09, leading to a 33% increase in the number of Americans worried about consistently meeting their financial […]
GOP senators press Biden-Harris’ DOL over exaggerated job numbers revised down by 800,000
The Biden-Harris administration’s Department of Labor is facing scrutiny from a group of Republican senators over a significant overestimation of job growth numbers. In a letter obtained by the New York Post, led by Senator Roger Marshall (R-Kan.), and signed by Republican Senators Ted Budd, Rick Scott, Markwayne Mullin, and Marsha Blackburn, the senators demanded […]
Top Biden Economic Advisor QUITS WHITE HOUSE Amidst Market Chaos.
On a day when the U.S. markets experienced significant losses, with the Dow Jones Industrial Average plummeting over 1,000 points soon after opening, a senior economic advisor to Joe Biden made headlines by announcing his departure from the White House. Gene Sperling, who has played a key role in implementing the Biden-Harris government’s substantial spending […]
Undercover Investigation Reveals Disney’s Discriminatory Hiring Practices Against White Males
Eric Thompson Show Podcast Senior VP at Walt Disney Details Discriminatory Hiring Practices and “Code Words” to Avoid Legal Action: “There’s No Way We’re Hiring a White Male” In a shocking revelation, an undercover investigation has exposed discriminatory hiring practices within the Walt Disney Company. A Senior Vice President candidly admitted to using covert language […]
California’s “Existential” Financial Crisis is Much Worse Than What Is Being Reported
Chriss Street, a renowned financial expert, has long argued that California is facing an existential financial crisis. He notes that the state is losing billions of dollars each month and prospects for the future are even more dire. With more than a decade of experience writing articles on California’s fiscal struggles, he was one of […]
The great Toilet paper shortage
Retailers have lost more than $800 million from May 2020 to Feb 2021 in toilet paper sales alone.