American consumers bearing 55 percent of Trump tariff expenses.
A recent analysis by Goldman Sachs indicates that U.S. consumers will absorb 55% of the costs associated with President Trump’s tariffs this year. This finding has been echoed in several reports. According to the study, U.S. companies and foreign exporters will bear 22% and 18% of the tariffs’ financial burden, respectively. The economists at Goldman […]
Premium Share for Enrollees Increases by 11-12 Percent; Open Enrollment Period from November 10 to December 8
2025 Federal Benefits Open Season Information The Office of Personnel Management (OPM) has announced that the 2025 Federal Benefits Open Season will take place from November 10 to December 8, 2025. This is a window for eligible federal and postal employees, retirees, and pensioners to evaluate, enroll in, or modify their health, dental, and vision […]
In the US, there are 72 percent more sellers of condos compared to buyers.
If the overall housing market is feeling a bit cool, the condo market is practically freezing. According to new analysis from Redfin, in August, the ratio of condo sellers to buyers was 72%, marking the fifth consecutive year that this figure has surpassed 70%. This indicates that Spring and Summer 2025 could be the most […]
Alcohol exports from the US to Canada fall by 85 percent
According to a recent report, U.S. liquor exports to Canada plummeted by 85% in the second quarter of 2025, largely due to the ongoing trade tensions. The report from the U.S. Council on Distilled Spirits (Discus), released on Monday, shows that exports to Canada dropped to $9.6 million, down from $63.1 million in the same […]
Disapproval of Fetterman reaches 54 percent among Democrats in Pennsylvania: Survey
Recent polling indicates that the disapproval rating for Democrat Sen. John Fetterman of Pennsylvania is climbing among his own party. According to Quinnipiac University, 54% of Democratic voters in the state now express discontent with Fetterman’s representation in Washington. In contrast, only 33% approve of his performance, while 16% opted not to comment. This marks […]
Trump imposes 10 percent tariffs on lumber imports and 25 percent on cabinets and furniture.
On Monday, President Trump announced a 10% tariff on wood imports and a more significant 25% tariff on furniture items, which include kitchen cabinets and vanities. Back in March, Trump instructed for a review of timber imports, labeling this area as “critical” for national security, as well as for the economic strength and resilience of […]
Proportion of mortgages with rates exceeding 6 percent hits a decade high
Mortgage Rates Shift as 6% Becomes the New Standard The days of 3% mortgages are fading, and it’s clear that 6% loans are increasingly common these days. Currently, around one in five homeowners in the U.S. with mortgages are facing rates of at least 6%. According to a new analysis by Redfin, this figure has […]
Australian Dollar shows minimal change after recent declines of over half a percent.
The Australian dollar has fallen as the US dollar gains strength from unexpectedly positive economic data in the US. The AUD faces challenges amid risk aversion following President Trump’s announcement of plans for 100% tariffs on drug imports. Traders are awaiting personal consumption expenditure price index data, which is the Federal Reserve’s favored inflation indicator, […]
Most states see health insurance marketplace rate increases exceeding 20 percent, according to Cantwell.
Health Insurance Price Increases Looming This Fall Data from Senator Maria Cantwell’s office indicates that people with the top market insurance plans in many states should brace for significant price hikes this fall. Cantwell has called on Congressional leaders and President Trump to explore options for extending expired healthcare grants. On Thursday, she released a […]
Pete Hegseth’s social media performance exceeds Lloyd Austin’s by more than 1000 percent.
The current administration’s Department of War has outperformed the previous one, showcasing a staggering increase in social media impressions and engagement—over 1000% more. An examination of X, formerly known as Twitter, reveals this sharp contrast, even though both former Secretary of Defense Lloyd Austin and current Secretary of War Pete Hegseth posted a similar number […]