Trump: egg prices are down, oil down, interest rates are down
Trump: egg prices are down, oil down, interest rates are down
Attorney General Pam Bondi: "If you're gonna touch a Tesla, $TSLA, go to a dealership, do anything, you better watch out, because we're coming after you."
Heyo, American friends! Here's a super handy info-graphic you can share with the Republicans in your life that explains the math behind your so-called trade deficits with Canada ...
#USPoli #CanPoli #Economics
BREAKING: Justin Trudeau has formally stepped down as Prime Minister of Canada
US tariffs could push Germany into recession this year, German central bank President Joachim Nagel has said.
A good read. Rep Khanna “explains why the upheaval of federal agencies is ineffective and a pretext for tax cuts for the rich.”
How I Am Standing Up to DOGE:
https://prospect.org/politics/2025-03-04-how-i-am-standing-up-to-doge/
“Elon Musk and DOGE are not making the government more efficient or effective—they are breaking it without any rational plan.” “Instead of focusing on areas of actual waste, ...the administration is attacking the working class while pursuing tax breaks for the ultra-rich.”
Gold’s burgeoning safe-haven allure may see it surge to a record high of $3,500 an ounce during the third quarter, Macquarie Group analysts say
"Goldman Sachs, $GS, is getting worried about the stock market," per CNBC
UMich Consumer Expectations is now one of the worst since the Great Financial Crisis, lowest since July 2022
JPMorgan, $JPM, economist sees 40% chance of a US recession in 2025, per USA Today
Trump has reportedly rejected pleas from business for more clarity on tariffs: ‘They always say that,' per CNBC
Crypto volatility will likely stay high without clear details on Trump’s bitcoin reserve plan, says Deutsche Bank’s Marion Laboure.
Trump administration cancelled a USDA program that was buying produce from Alabama farmers for local food banks.
#news #america #economics #agriculture
https://www.youtube.com/watch?v=pJduLtxwP9s
Useful data. The analysis and resulting scores could be more sophisticated, but timely and worth a look in any event — looming Government shutdown, elimination of grant and other funding, evisceration of employment, etc. Single government, 50 different impacts:
"Most & Least Federally Dependent States in 2025"
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700
#USpol #USpolitics #economics
I know I sound like a broken record, but reading comments today on the slight drop in UK GDP in January, I've seen:
cost pressures allied to employers NI rises;
cost pressures due to changes international markets;
rising energy prices;
new green levies.
But when interest rates are mentioned we're led to believe that's about market views of UK public debt.
Why isn't anyone mentioning the explicit policy of the BoE to engineer a recession to 'control' inflation?
"Goldman Sachs, $GS, slashes 2025 GDP forecast on negative tariff impact," per CNBC