What the rising US debt means for Americans
While the nation’s more than $34 trillion debt remains a top concern for some on Capitol Hill, polls show Americans are also becoming increasingly concerned about the nation’s balance sheet. . Opinions are sharply divided in Washington over how to tackle the nation’s budget deficit, but there is momentum within House Republicans to call for […]
Buffett predicts higher taxes due to rising deficit
Treasury Secretary Janet Yellen talks about the Biden budget, the US dollar, and FinCEN in an exclusive interview with FOX Business. billionaire warren buffett Rather than cutting spending, the federal government believes it will increase taxes in the future to address the growing budget deficit. “I think a tax increase is likely,” Buffett said Saturday. […]
U.S. Labor Costs Jump, Indicating Rising Inflationary Pressures
Labor costs for U.S. companies rose much faster than expected in the first quarter, pushing back against expectations that the U.S. Federal Reserve would cut interest rates by the end of the year, raising the prospect of sustained inflation. . The employment cost index rose 1.2% from January to March, accelerating from the 0.9% increase […]
Fmr governor rails against Obamacare’s rising costs: ‘More crony capitalism’
Louisiana’s former Republican governor has slammed Obamacare as “political corruption of the worst kind,” claiming it was designed to establish dependence on the federal government and that this ideology is unique to health care. He also suggested that this was not the case. Bobby Jindal, a former Republican congressman who ran unsuccessfully for president in […]
Solana faces rising MEV bot activity: Should you be concerned? – AMBCrypto News
The presence of MEV bots on the Solana network has increased significantly. Interest in NFTs has declined and overall sentiment has declined. Activities at Solana over the past few months [SOL] Networks have proliferated. This surge in activity can be partially attributed to the overall interest in meme coins on the network. MEV bot takes […]
Bill Maher reverses course after previously bashing NY v Trump case: Alvin Bragg will be a ‘rising star’
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Goldman Sachs ‘gold’ panning in Utah as stock keeps rising
CEO David Solomon has been really worried lately after hearing this from Goldman Sachs representatives. After surviving a tumultuous few years of staff disruption and business failures (retail banking, Apple credit card), Solly quit his side gig as DJ D-Sol to focus more on his day job, and it’s working out for him. It seems […]
Fed’s Preferred Inflation Gauge Show Prices Rising Sharply
The Fed’s recommended inflation measure showed prices rose sharply again in March, confirming that progress in bringing inflation down to the Fed’s 2% target has stalled. The personal consumption expenditure price index for March rose 0.3%, the Commerce Department released Friday. Compared to a year ago, the index is up 2.7%, slightly ahead of Wall […]
US first quarter GDP slows more than expected, but inflation keeps rising
The latest GDP statistics show that the economy remains strong, but growth is slowing. (iStock) US gross domestic product (GDP) fell faster than expected first quarterBut a key measure used by the Federal Reserve to measure inflation continued to rise, according to the Bureau of Economic Analysis (BEA). Real GDP grew at an annualized rate […]
Can Germany, Austria, and Switzerland stay neutral amid rising Sino-Russian threats?
Western security and the post-1945 democratic-led international system face growing threats. The war in Ukraine is only the tip of the iceberg for Russian President Vladimir Putin’s imperial appetite. Putin denies these ambitions to Western media but salivates about them to Russian audiences. Take Putin’s “I’m a modern-day Peter the Great” threats toward Estonia, for […]