Fiscal conservatives raise alarms in the House as shutdown deadline approaches
On Thursday, the House of Representatives’ Finance Hawks decided to withhold funding measures but signaled their concerns about government spending despite allowing the measures to pass. This was a clear message to Speaker Mike Johnson (R-La.), highlighting the stance of members who are at odds as the month-end deadline looms. It gave him a chance […]
Affirm Stock Rises After BNPL Company’s Fiscal Q4 Results Exceed Expectations
Affirm Reports Impressive Fourth Quarter Growth Affirm recently announced a remarkable increase in its gross product volume, which surged by 43% in the fourth quarter. This rise has drawn attention and even led to better-than-expected quarterly profits. Total product volume, often referred to as Gross Merchandise Value (GMV), hit $10.4 billion in the fourth quarter. […]
New York requires an increase in millionaires, according to a fiscal monitor
New York’s Billionaire Landscape: A Fiscal Concern New York is facing a pressing issue: it needs more billionaires. If it doesn’t, there’s a risk of falling behind other states and losing substantial tax revenue, according to a recent report that’s already influencing the mayoral race. The Citizens’ Budget Committee, a nonpartisan organization, highlighted that, while […]
Big city and state budgets are significantly overspending, putting NYC in danger, according to a fiscal watchdog: ‘not affordable and unready’
A recent report from the Fiscal Watchdog Group proclaimed that both urban and state budgets are “uncontrollable and unprepared,” especially with a potential recession on the horizon and upcoming federal cuts. The Citizens’ Budget Committee has suggested eliminating Governor Kathy Hochul’s $2 billion “Inflation Reduction Check,” which is set to be part of next year’s […]
Investors should be cautious: Upcoming fiscal control and financial restriction
The Federal Reserve chose not to adjust its policy rate during the first half of 2025. This decision has sparked frustration from President Trump, who has been vocal about his dissatisfaction with the Fed’s hesitation to lower interest rates. Essentially, there are concerns about whether recent protectionist measures will lead to ongoing inflationary pressures or […]
Trump’s tariffs lead to U.S. customs fees exceeding $100B for the first time in a fiscal year.
Surge in U.S. Tariff Collections In June, U.S. tariff collections saw a significant boost as President Trump’s tariffs gained traction, exceeding $100 billion for the first time in this fiscal year. This development has contributed to a remarkable budget surplus of $27 billion for the month, according to the Treasury Department. Reports indicate that tariffs […]
EUR/USD rises to 1.1780 as the US Dollar weakens due to hopes for fiscal and trade improvements.
The EUR/USD is at 1.1776 after hitting a multi-year peak of 1.1780 due to a weakening dollar. Concerns over the U.S. budget deficit and Federal Reserve’s decisions push the U.S. dollar down to multi-year lows. Retail sales in Germany heighten concerns about growth for the ECB ahead of remarks from major central banks. The EUR/USD […]
House Republicans approve initial funding bill for fiscal year 2026
House Republicans Approve Financial Bill for Fiscal Year 2026 On Wednesday, House Republicans moved forward with the first financial bill for fiscal year 2026, allocating over $450 billion for the Department of Veterans Affairs (VA), military construction, and various programs. The vote, which leaned heavily along party lines, saw only two Democrats—Jared Golden from Maine […]
Should You Consider Buying, Holding, or Selling Micron Stock Before Fiscal Q3 Earnings?
Key takeout Micron Technology (MU) is anticipated to report a third-quarter earnings per share (EPS) of $1.59, a significant increase from $0.62 last year. Revenues are expected to rise by 29.7% to $88.4 billion, driven by high demand for AI-related memory products. While HBM sales are projected to sell out by 2025, margin declines might […]
Freedom Caucus Members Support Rescissions Package as Initial Move Towards Fiscal Responsibility
Chair of the House Freedom Caucus, Andy Harris (R-MD), along with other members, sees the completion of a proposed austerity package as the initial move towards financial responsibility. Recently, the House passed HR 4, the Rescue Act 2025, designed to reduce spending by $9.4 billion, which includes cutting $8.3 billion from foreign aid and $1.1 […]