Nearly two-thirds are worried a recession is approaching: Survey
Nearly two-thirds of Americans believe a recession is imminent, according to a recent investigation by Lendingtree. In a survey from April, 47% of participants indicated they expect a recession within the next six months, while 15% felt it wouldn’t happen in that timeframe. About 14% do not think a recession will occur at all, and […]
Trump’s economic adviser on debt downgrade: ‘Moody’s can make its own choices’
On Monday, a key economic adviser to Trump dismissed the recent downgrade of the US credit rating by Moody’s, maintaining that he still considers the US economy to be rated triple-A. In a discussion on Fox Business Network’s “Mornings with Maria,” Kevin Hassett, who leads the White House National Economic Council, was asked by host […]
Trump criticizes Powell after the Federal Reserve maintains interest rates: ‘FOOL’
President Trump expressed strong criticism of Federal Reserve Chairman Jerome Powell on Thursday, a day after the central bank decided to maintain interest rates. “‘Too late’ Jerome Powell is a fool and has no clue,” Trump posted on his Truth Social Platform. “Otherwise, I really like him!” He continued, “The trajectory of oil and energy, […]
More Americans view stocks as a less suitable long-term investment: Gallup
The percentage of Americans considering stocks or mutual funds as the best long-term investments has dropped this April compared to last year. According to a recent Gallup survey, only 16% of adults believe that stocks or mutual funds are the top long-term investment, down from 22% in April 2024, which indicates a loss of confidence […]
Almost half of layoffs this year driven by DOGE: Report
Almost half of all layoffs so far in 2025 have been driven by reductions related to government efficiency (DOGE) efforts to cut government funding and reduce the size of the federal workforce. For a new report Outplacement Challenger, from grey and Christmas. The report shows that “Doge Actions” led to 283,172 job cuts in the […]
Dave Portnoy rips Trump on stocks: 'This is his market'
Barstool Sports founder Dave Portnoy knocked President Trump on Wednesday, suggesting that current stock market volatility was the result of policies from former President Biden's term, not himself. “What's that old look? Should I piss off my back and say it's raining?” Portnoy wrote in X's post. “Well, that applies here.” “The stock market directly […]
Young Americans more optimistic about finances than older Americans: Poll
Young Americans are more likely than older Americans to say they are doing better economically than they were a year ago. Stay tuned for the latest NBC news Opinion polls. In a mid-April survey released Thursday, 27% of respondents aged 18-29 said they were “better today” than a year ago. The number is small, but […]
Laffer: Tariffs could wreak havoc on economy
Famous conservative economist Art Laffer said in a new interview that President Trump’s tariffs could potentially deprive the economy of the economy. “People who see the facts don’t know how to argue that protectionism doesn’t cause a recession,” Laffer said. I said in the interview There will be Axios on Wednesday. “The more protectionism, the […]
Most believe Trump tariffs benefit wealthy, corporations: Poll
Most Americans in the new poll say that wealthy and large corporations benefit most from President Trump’s tariffs on a variety of import and trade policies. In the latest CBS News/YouGov opinion released on Sunday, 74% of respondents said Trump’s tariffs and trade policies would benefit the wealthy, while 71% said they would benefit the […]
Bridgewater founder: 'We are at a decisionmaking point and very close to a recession'
Raydario, a billionaire investor and founder of Hedge Fund Bridgewater Associates, said on Sunday that the US was “very close to a recession.” In an interview with NBC News on “Meet the Press,” Dalio raised concerns about the confluence of various economic and political factors that he said could send the US economy to “something […]