Republicans prepare to fast track Trump tax cut extensions in reconciliation
Republicans are preparing to fast-track an extension of the Trump tax cuts through the reconciliation process if they win a landslide victory in November. Nearly seven years after Republicans used budget reconciliation to pass the Tax Cuts and Jobs Act (TCJA), the party is preparing to use the same method to renew key provisions set […]
Amazon Fresh to cut grocery prices by as much as 30% to bring back inflation-battered customers
Amazon is joining other big retailers including Target and Walmart in slashing grocery prices by as much as 30% to attract inflation-weary customers. The company announced it would cut prices on 4,000 items at its online AmazonFresh grocery store and a handful of its brick-and-mortar stores. Amazon Fresh customers can get discounts on meat, seafood, […]
Congress Guts Budget Rules and Misses Chance to Cut Spending
Republicans in Congress missed a huge opportunity to begin putting our country’s fiscal house in order. Inflation caused by runaway government spending and money printing was the top issue on the minds of voters in the November midterm elections. The Left’s reckless pursuit of these disastrous policies has been a boon for fiscally conservative politicians […]
‘Widespread abuse’: Frontier Airlines passengers using wheelchair service to cut pre-boarding lines
New York Post report Frontier Airlines passengers are reportedly using the airline’s wheelchair service to skip long boarding lines. CEO Barry Biffle said:[t]”There is widespread abuse of special services here, with wheelchair assistance being used by people who don’t need it at all.” Frontier, like other airlines, operates a first-come, first-served policy when it comes […]
Gold prices steady but head for steep weekly losses as rate cut hopes wane – Investing.com
Investing.com — Gold prices were steady in Asian markets on Friday, but the metal has fallen sharply throughout the week after slipping from record highs on concerns about higher U.S. interest rates for a long time. Interest rate concerns have pushed up prices and weighed on metals prices across the board, with copper also falling […]
Dow plunges over 600 points as chance of Fed rate cut diminishes
Shares fell on Thursday, even though Nvidia’s strong earnings forecast helped lift the stock, overshadowed by economic data that showed inflation remains a concern. The Dow Jones Industrial Average fell 605.78 points, or 1.5%, to 39,065.26, its worst day in 2024. The S&P 500 fell 0.7% and the Nasdaq fell 0.4%. Nvidia shares soared 9% […]
Target profits miss as inflation forces shoppers to cut spending
Inflation has been eating into Target’s profits, sending the company’s shares falling as much as 10 percent, as the “cheap chic” discount retailer revealed that customers are buying less groceries and discretionary items. The Minneapolis-based retailer reported a fourth quarter that fell short of Wall Street expectations on Wednesday. This was a further blow to […]
Fed officials worried inflation too stubborn to justify rate cut
After several periods of unexpectedly high inflation, Federal Reserve officials said at a meeting earlier this month that inflation was high enough to justify cutting key interest rates, currently at 23-year highs. concluded that it would take longer than previously thought for things to settle down. Officials also discussed whether policy rates were having a […]
Fed unlikely to cut rates this year
Goldman Sachs Chief Executive David Solomon said Wednesday he doesn’t expect the Federal Reserve to cut interest rates this year. “I’m still at zero cuts,” Solomon said at the Boston University event. “I think we’re set for more sticky inflation.” His comments came after Federal Reserve policymakers said on Tuesday that the central bank should […]
Offshore Wind Is Neither Clean, Nor Green And Doesn’t Cut CO2 Emissions
America is preparing to spend trillions of taxpayer and ratepayer dollars to install thousands of offshore wind turbines – for illusory benefits. Advocates claim offshore wind energy is clean and sustainable. Wind itself certainly is, but that doesn’t mean getting energy from wind is. Relying on the wind just to provide electricity to power New […]