Money & The Economy
Major US Ally’s Trade Rules Could Cost Americans Half A Trillion, Study Finds
A new study reports South Korea’s trade and regulatory policies could cost Americans as much as $500 billion or more over the next decade.Research by the Competere Foundation estimates that the U.S. economy could lose as much…
Rent Prices Are Ballooning In Major US City Following Pervasive Fraud By Bums With Low Credit Scores
Atlanta appears to have become the poster child for a nationwide surge in rental-application fraud, and landlords are paying the price.Rent for a two-bedroom apartment now hovers near $2,000 a month — well above what most…
Jerome Powell Suggests Fed Is On Track To Cut Interest Rates Once Again
Federal Reserve Chair Jerome Powell suggested Tuesday that the central bank may be on track to lower its interest rate target range again in 2025.Powell said in a speech at an event hosted by the National Association for…
Fed’s Daly Warns ‘Softening’ US Job Market May Soon Become ‘More Worrisome’
San Francisco Federal Reserve Bank President Mary Daly warned on Thursday that the “softening” U.S. job market could become “more worrisome” if the central bank is unable to “risk manage it.”Daly’s comments come after the Fed…
Small Businesses Feeling The Squeeze As Government Shutdown Drags On
Some U.S. businesses are facing a spate of difficulties amid the ongoing government shutdown, according to the Wall Street Journal (WSJ).Democrats blocked a GOP spending bill to fund the government on Sept. 30, kicking off a…
Major Auto Companies Reportedly Race To Save Sunsetting Tax Credit For Green Boondoggles
Several major auto companies are rushing to enlist dealers in programs that would effectively extend the $7,500 electric vehicle (EV) tax credit and help secure buyers before it sunsets on Tuesday, according to Reuters.Ford…
Shale Execs Complain Of ‘Broken’ Prospects In New Survey
In his remarks at this week’s U.N. Climate Week conference, President Donald Trump reminded the U.N. general assembly that “we have an expression, ‘drill, baby, drill.’ You know, that’s what we’re doing.”But according to…
Key Inflation Indicator Rose About As Expected In August
The Federal Reserve’s preferred metric to gauge inflation increased by 0.3% in August, compared to 0.2% in the previous month, the U.S. Bureau of Economic Analysis (BEA) reported Friday morning.The Personal Consumption…
The Trump Effect: US Economy Expanded In Second Quarter Of 2025
U.S. real gross domestic product (GDP) increased at an annual rate of 3.8% in the second quarter of 2025, according to the third estimate released by the U.S. Bureau of Economic Analysis (BEA) on Thursday morning.The rise in…
Fed’s Jerome Powell Signals Cautious Approach To Future Rate Cuts
Federal Reserve Chairman Jerome Powell on Tuesday signaled that he is taking a cautious stance on future interest rate cuts.Powell said during a speech at an event in Rhode Island that the Fed is presently facing a…
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