China discussions and inflation figures may determine the direction for stocks in the coming week.
The Wall Street mood next week might hinge on discussions taking place in Switzerland over the weekend. Chinese and US officials, including Treasury Secretary Scott Bescent, are set to talk about trade relations on Saturday. Investors are keenly awaiting signs of significant progress, particularly after President Donald Trump mentioned on Friday that he would consider […]
New York will issue ‘inflation refund’ checks — find out who is eligible
New York Governor Kathy Hochul, along with state lawmakers, has reached a tentative agreement to distribute what are being called “inflation refund” checks. Millions of residents will benefit from this initiative, which includes direct payments of up to $400 later this year as part of a significant $2.54 billion budget plan. The state’s Budget department […]
Former Biden Advisor Who Misled Americans on Inflation for Years Starts New Organization to Criticize Trump’s Economy
A former spokesman for President Joe Biden, who has been vocal about defending the administration’s economic policies, is teaming up with other political operatives to create a new group focused on criticizing Trump’s economic record, according to a report from The Associated Press. Andrew Bates, the former spokesman, has taken on the role of communications […]
Mike Pence Warns That Trump’s Tariff Policies Will Cause Inflation and Damage the US Economy
US Vice President Critiques Trump’s Tariff Policies In Washington, Vice President Mike Pence has openly criticized the Trump administration’s tariff policies, suggesting that a potential shortage might prompt Americans to seek a different approach from the government. During a Primetime interview on CNN, Pence touched on various issues, including his disapproval of Trump’s decision to […]
Australian Dollar strengthens as inflation measure increases in April, attention on US ISM Services PMI – FXStreet
The Australian dollar has gained strength following Prime Minister Anthony Albanese’s victory in securing a second three-year term during the 2025 federal elections. Australia’s Judo Bank Combined PMI reported a figure of 51.0 in April, indicating its seventh month of expansion. President Trump has confirmed he will not replace Federal Reserve Chairman Powell before his […]
Inflation is a result of the Fed’s mistakes, not a consequence of Trump’s tariffs.
On April 16th, Federal Reserve Chairman Jerome Powell indicated that the tariffs proposed by President Donald Trump might lead to increased inflation. This assertion begs a closer look at established economic principles. So, do tariffs genuinely drive inflation? Classical economics identifies three primary sources of government funding: taxes, debt, and inflation. Taxes, which come from […]
Australians Cast Their Votes in Election Influenced by Inflation and Trump
On Saturday, Australians will head to the polls to select their next government, with the race heavily influenced by issues like the cost of living, climate concerns, and the impact of Trump’s tariffs. From remote desert towns to bustling harbor cities, voters will choose between the current Prime Minister, Anthony Albanese, representing the left, and […]
Fed’s favored inflation gauge showed price growth slowed in March
Forbes Chairman and Editor-in-Chief Steve Forbes warns of US prices rising amid global tariff tensions and rising among Federal Reserve leaders. The Federal Reserve's priority inflation gauge showed price growth slowed in March, indicating that inflation was close to central bank target rates. On Wednesday, the Commerce Department reported that the Personal Consumption Expense (PCE) […]
Harris Faulkner Asks Democrat Why His Party Didn’t Unveil ‘Better Ideas’ When Inflation Skyrocketed Under Biden
Fox News host Harris Faulkner called out a Democrat guest on Monday to ask why the party didn’t reveal “better ideas” about the economy when inflation reached 9%. Democrat Alexandria Ocasio-Cortez, along with Vermont Sen. Bernard Sanders, leads an “anti-orical key” tour targeting President Donald Trump and senior White House adviser Elon Musk. Faulkner asked […]
Consumer sentiment falls to lowest level since postpandemic inflation peak
Consumer sentiment has been heading to its lowest level in April since the peak of post-pandemic inflation surges as President Trump’s trade battles shook the global economy. Sentiment fell 8.4% between March and April, down 32.4% from a year ago, falling to its lowest point since July 2022, according to a consumer survey from the […]