National debt in the US exceeds GDP for the first time since World War II era
U.S. National Debt Exceeds GDP for First Time Since WWII The U.S. national debt has now surpassed the size of the economy, a significant milestone not seen since World War II. According to data released by the U.S. Bureau of Economic Analysis, as of March 31, the total amount of government debt held by the […]
Mortgage rates increase to 6.3%
On “Morning with Maria,” Jenna Stauffer, a broker from Sotheby’s International Realty, discussed the rising demand for housing, even with high interest rates in play. She also touched on what the Federal Reserve’s upcoming actions might indicate and how a new tax in New York City could impact the luxury market. Freddie Mac announced on […]
US economy expands 2% in Q1, falling short of economists’ forecast of 2.3%
Economic Update: U.S. Growth in Q1 According to the latest estimates from the Commerce Department, U.S. economic growth has made a recovery in the first quarter, bouncing back from a decline in the fourth quarter. The U.S. Bureau of Economic Analysis (BEA) reported that the economy expanded at an annualized rate of 2% over the […]
March PCE: Inflation stayed high during the Iran conflict
Economic Outlook and Inflation Insights RBC Chief Economist Francis Donald shared insights on the economic landscape, including his predictions for U.S. GDP and inflation risks ahead. He noted the nuances of the labor market and consumer spending, which are leading to economic polarization. This article addresses the evolving situation regarding March 2026 PCE Inflation, and […]
FedEx and UPS will give back tariff refunds following Supreme Court decision
FedEx and UPS have announced they will issue refunds to customers following a Supreme Court ruling that potentially opens the door for billions in refunds tied to import taxes established during the Trump administration. The companies stated they will return funds once the federal government begins processing claims linked to the International Emergency Economic Powers […]
Shrimpers in the US encounter a tough situation due to rising fuel prices and tariff refunds.
Shrimp boats lining the Gulf Coast are gearing up for the new season, but many are stuck at the docks with empty tanks. Shrimpers in Bayou La Batre, Alabama, express concerns that the soaring fuel prices make it hard to embark on typical month-long shrimping expeditions. In fact, many boats are remaining docked as high […]
Almost 13,000 children’s tower stools recalled due to risk of collapsing and tipping over
Recall of Toddler Towers Due to Safety Concerns Around 13,000 toddler towers from three brands have been recalled following numerous incidents and injuries reported. The Federal regulators indicated that many of these accidents occurred because the stools became disorganized or tilted. The recall affects the Toetol Tower Stool, Wiifo Children’s Tower Stool, and Amzcmj DGD […]
Powell promises he won’t act as a ‘shadow Fed chair’ after his term as the head of the central bank concludes
Powell to Stay on Federal Reserve Board After Chairmanship Jerome Powell, the Chairman of the Federal Reserve, announced on Wednesday that he will continue as a member of the Fed’s board after his chairmanship concludes next month. However, he clarified that he does not plan to act as a “shadow Fed chair.” This announcement came […]
Fed maintains interest rates as Powell’s term nears its end: April FOMC
Federal Reserve Keeps Interest Rates Steady Jerome Powell is set to hold what could be his final press conference as the chair of the Federal Reserve next month. On Wednesday, the central bank decided to maintain its interest rates amid growing concerns that inflation could escalate due to ongoing conflicts in the Middle East. The […]
National average price of regular gas rises sharply amid ongoing Iran conflict
Rising Fuel Prices Impacting Small Businesses Spero Georgedakis, the CEO and founder of Good Greek Moving and Storage, recently appeared on “Mornings with Maria” to share insights on the current fuel crisis. Diesel prices are hitting record highs, which is significantly affecting truckers, moving companies, and small businesses alike. The national average price for regular […]