US stocks plunge after Trump calls Fed’s Powell ‘a major loser’
The Dow plunged more than 950 points on Monday as President Trump stepped up his attack on the independence of the Federal Reserve. Dow Jones Industrial Average slid 971.82 points (2.5%) to 38,170.41 after losing 1,406 points in the short week of the previous holiday. The US market closed on Friday. I also skated over […]
Trump tariffs ‘highly likely’ to lead to temporary rise in inflation: Fed’s Powell
The “Big Money Show” panel describes Federal Reserve Chair Jerome Powell’s warning about the impact of tariffs on inflation. Federal Reserve Chairman Jerome Powell said Wednesday that central banks could face a “challenging scenario” as they contest President Donald Trump’s tariffs. Powell said the US trading partner obligations imposed by the White House were “significantly […]
Lawyers for alleged MS-13 member Kilmar Agrego Garcia complain feds have done nothing to bring him back, despite SCOTUS order
The federal government did nothing to comply with the court order for the Salvadoran government to file Kilmar Abrego Garcia, a member of MS-13. “The government updates do not show that measures have been taken to comply with this and Supreme Court orders,” Abrego Garcia’s lawyer filed Tuesday morning in the three-page Maryland federal courtroom. […]
NY Fed’s survey shows American labor market expectations at a post-pandemic low
Certified Public Accountant, Market Analyst and Author Dan Gertude talks about navigating uncertain markets and last-minute tax tips ahead of the IRS deadline. The Federal Reserve Bank of New York released its latest survey on consumer expectations on Monday. This found that Americans’ labor market expectations have fallen to the lowest levels since the Covid-19 […]
Smoke-free surge stalled by feds clinging to old habits
The US nicotine market is undergoing historical changes. This should be celebrated as a major public health breakthrough. A new Goldman Sachs report predicts smokeless nicotine products will surpass tobacco during consumption by 2025 and close to revenue and profits by 2035. This shift is not the result of government policies. It's happening because consumers […]
Florida to increase number of officers who can help feds arrest illegal immigrants
The US Immigration and Customs Enforcement in Florida is looking to acquire more than 1,000 extra officers to help the federal government carry out massive deportations as the southern border crisis is over. Florida Highway Safety and Automobiles announced Wednesday that Dave Carner's executive director was first declared in the department sworn as an officer […]
Accused Crips leader charged in ‘mafia-like’ crime ring busted by feds
The suspect rap executive and high-level Crips Street gang leader was charged with dozens of federal crimes on Thursday by the Department of Justice (DOJ), known as a “mafia-like” criminal enterprise. Eugene “Big U” Henry Jr., 58 and 58, is charged with one of the conspiracy to violate the affected Corrupt Organization (RICO) Act, including […]
Fed’s favored inflation gauge showed prices ticked higher in February
Federal Reserve Chair Jerome Powell explains how policymakers work to determine whether tariffs are already contributing to sustained inflation. The Federal Reserve's priority inflation gauge showed prices rose in February at a pace that continued to surpass central bank target levels amid ongoing efforts to deprive inflation. On Friday, the Commerce Department reported that the […]
Feds lost track of tens of thousands of unaccompanied alien children after release
In a new report, inspectors from the Department of Homeland Security (DHS) found that the U.S. Immigration and Customs Enforcement Agency (ICE) cannot effectively monitor the location and status of each non-competing alien child (UAC) who have come out illegally and are released from custody. Inspector Joseph V. Cafari said in the report that between […]
Stock futures are little changed as traders brace for Fed’s preferred inflation reading: Live updates – CNBC
The trader worked on the New York Stock Exchange on March 27, 2025. NYSE US stock futures remained little different on Thursday night as investors tackled ongoing tariff uncertainty and awaited the release of major inflation measures. Dow Jones Industrial Average Futures It fell to 8 points, down to 0.02%. S&P 500 Futures and Nasdaq […]