Mets owner Steve Cohen ‘negative’ on US economy — cites tariffs, DOGE
Billionaire hedge fund manager and New York Mets owner Steve Cohen has been erratic in the US economy, growing in the second half of the year due to tariff concerns, stricter immigration policies and reduced government spending led by Elon Musk. warned that it was set to be slow. The founders of Point72 Asset Management […]
Apple pledges $500 billion toward US economy, will add 20K jobs as Trump tariffs loom
Apple said Monday it would “expend and invest” $500 billion in the US economy. He said this is a move that will make the Tim Cook-led tech giant appear to dodge the impact of President Trump's tariffs. The Cupertino, California-based company said the plan has grown over the next four years and represents “the largest […]
Apple announces historic $500 billion investment in US economy
Bank of America Securities Senior IT Hardware Analyst Wamsi Mohan repeats his purchase rating at Apple and a $256 price target for “The Claman Countdown.” Apple is committed to $500 billion in the US economy with its historic initiative, and the company recorded “an extraordinary new chapter in the history of American innovation” on Monday. […]
Dow dives 700 points as latest data hints at slowing economy
Wall Street's key indicators were set to decline weekly on Friday as new data painted a weak picture of the US economy, but after reports that the Department of Justice is investigating healthcare conglomerates, United Health has fallen. In the afternoon trading, the Dow Jones industrial average fell 43,472 points to 704 points (1.6%). The […]
Commerce secretary Howard Lutnick reveals Trump’s ‘goal’ to abolish the IRS, utilize tariffs so ‘whole economy explodes’
Details have been made clear from the Trump administration about plans to remove the Internal Revenue Service (IRS) and use tariffs to “explode the entire economy.” “His goal is to abolish the Internal Revenue Service and have all outsiders pay,” Commerce Secretary Howard Lutnick told “Jesse Watters Primetime” on Wednesday. “As the President said, mutual […]
Why is Spain’s economy booming? Thanks to migration – which proves xenophobia doesn’t pay | María Ramírez
tHe likely last year was Spain, the world's fastest growing major, high-level economy. Spain's GDP, according to preliminary official data for 2024 Growed 3.2%, Almost 5 times The eurozone average and above the US also did quite well. December, economist Spain was ranked first among 37 mostly wealthy countries based on five indicators: GDP, stock […]
Americans trust Trump on immigration, economy over environment, health care: Poll
Recent yougov investigation The vast majority of 52% of Americans have found a high level of trust in President Trump's ability to manage immigration. However, they are less likely to trust him on issues related to the environment and healthcare. 47% trust Trump in the economy, 45% trust him in foreign policy, and 43% trust […]
The impending AI-driven jobless economy: Who will pay taxes?
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Jerome Powell in no hurry to cut rates, says economy is ‘strong overall’
The Federal Reserve will not cut short-term interest rates again, given the “overall strong” economy. Delivery at Senate Banking Committee hearings. “The economy is generally strong and we have made great strides towards our goals over the past two years,” Powell said. The Fed's goal. “There's no need to hurry to adjust policy stances. Used […]
U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January
U.S. employers added 143,000 workers to their pay in January, the Labor Department said Friday, bringing the unemployment rate down to 4.0%. Economists expected 168,000 jobs and unemployment rates of 4.1%, according to an Econoday survey. The numbers are seasonally adjusted. January typically has a massive downshift in employment in the retail sector as businesses […]