Stocks slump as recession fears rattle Wall Street
Stock markets launched the week with losses Monday amid growing concerns about the state of the US economy and the impact of President Trump's trade policy. The Dow Jones industrial average fell 381 points, down 0.9% Monday before 11:30am. The NASDAQ Composite fell by 3.5%, while the S&P 500 index fell by 2%. It has […]
Trump on if he's expecting recession this year: 'I hate to predict things like that'
In an interview with Maria Bartiromo about Fox News, including whether he is concerned about the looming recession of the US economy, he faced many questions about the economic ripple effects of his tariff policy. “I hate predicting such things,” Trump told Baltiromo on “Sunday Morning Futures” when asked if he was expecting a recession […]
Late car payments hit highest level in decades
Americans have missed car payments at the highest rate for over 30 years, data shows. According to Fitch review6.56% of subprime car borrowers have been in the past at least 60 days on their January loans, the most since government agencies began collecting data in 1994. The findings highlight the financial burden that many Americans […]
House GOP seeks spending cuts in plan to avert shutdown as deadline looms
House Republicans announced Saturday Six-month suspension government funding plancalling for de-evacuation programs and IRS reductions. The bill rollout will launch a critical stretch for GOP leadership to lock down support ahead of Friday's closure deadline with a Trump-backed strategy that sparked Democrats' rage. The plan is trying to maintain government funding until September. While it […]
Trump-backed plan to fund government raises GOP concerns on defense
Republicans are raising concerns about what Trump-backed strategies are concerned about, which could mean the threat of government shutdown next week for defense programs over the next six months. This week, President Trump touted a clean six-month continuous resolution (CR) to help Republicans “have effectively freeze this year” for government programs, while also allowing Republicans […]
56% lack confidence in the government’s ability to regulate AI
As the US stands in a band of $500 billion in artificial intelligence, a new study reveals deep public skepticism about governments' ability to regulate technology. New polling data from research firm Prolific reveals a major disconnect between public expectations and government AI strategies. Through its verified participants platform, the company surveyed a representative survey […]
Top Trump economic aide: 'No, we're not headed for a recession'
President Trump's top economic aide on Friday said the country is not heading towards a recession and defended the commander with chief tariffs on the US's biggest trading partner. “No, we're not heading towards a recession, but as you know, don't forget that the tariffs placed alongside Canada and Mexico are fighting the war on […]
Fox Business host on 'shocking decline' in consumer spending: 'The boom times are over'
Fox Business Network host Charles Payne said the clear decline in consumer spending was “shocking” on Friday, claiming that a return to the “Boom Times” was not on the horizon. “A few days ago, Bank of America announced its credit card data, which was scary. That means a shocking decline in restaurants, airlines and accommodation,” […]
US companies urge Trump to reject exceptions to steel tariffs
The CEO of a major American steel company wrote to President Trump on Friday, urging him not to provide exceptions or exclusions for steel tariffs scheduled to come into effect on March 12th. The letter, obtained by News Nation, has been signed by CEOs of companies such as the US Steel Corporation, Cleveland Cliff and […]
Loeffler: SBA will relocate 6 offices out of 'sanctuary cities'
Small and Medium Enterprise Management (SBA) announcement Relocating six regional offices from the often-called “sanctuary cities,” claiming that existing locations are bad for small business communities and are not complying with federal immigration laws. The SBA has moved offices from Atlanta, Boston, Chicago, Denver, New York City and Seattle to “more accessible locations that are […]