We’re not even two months into this nightmare and markets are crashing, unemployment is rising, and some economists predict a recession, (‘like no one has seen before,’) is right around the corner, if not already MORE
A consumer-activist group, the Peoples Union, has launched a grassroots campaign to halt spending online or instore and not use credit or debit cards for 24 hours on Friday, Feb. 28, in an attempt to MORE
“We had a good conversation with President Trump with great respect for our relationship and sovereignty; we reached a series of agreements,” Sheinbaum wrote in the tweet, according to a translation from Spanish. She also MORE
Nobel prize winning economist and former MIT professor Paul Krugman sees tRump’s tariffs and immigration crackdown hobbling the country’s food production and home construction industries. Wearing my professor’s hat, blocking imports of foreign-made goods and MORE
Macy’s has announced it will be closing 66 underperforming stores in 2025 as part of the retailer’s turnaround strategy. Over the next three years, Macy’s aims to close 150 “underproductive” stores while investing in 350 locations MORE
Although beer prices have risen and will probably go up even more with The Fascist Guy’s proposed tariffs, but many premium tequilas and whiskeys are more affordable this year as alcohol sales slow and prices MORE
The costs of this year’s holiday feast — estimated at $58.08 for a 10-person gathering, or $5.81 a head — dropped 5% since last year, the lowest level since 2021, according to a nationwide survey of MORE
“I was always very good at mathematics,” Trump told John Micklethwait, the editor in chief of Bloomberg News, in an interview at the Economic Club of Chicago. Explaining that his favorite word in the dictionary MORE
A U.S. dockworkers’ strike impacting major ports from Maine to Texas began Tuesday, that is expected to pose a major threat to the supply chain for much of the East and Gulf Coasts of the country. MORE
The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy. Consensus was split between a 25 or 50 MORE
Grocery prices have not decreased as much as other categories but Robert Reich explains why:
Global stocks fell on Monday following the jobs report that came out on Friday, highlighting fears of a U.S. recession. Late on Sunday night, the Orange Ass appeared to gloat over the news as global MORE
US Federal Reserve Chair Jerome Powell told lawmakers Tuesday that the job market has cooled considerably and is no longer “overheated,” adding that more “good data” would strengthen the case for an interest rate cut MORE
The legislation includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas and $4.83 billion to support partners in the Indo-Pacific, including Taiwan, and deter aggression by China, and $9.15 billion MORE
Filing for free is available on IRS.gov CBS reports “The IRS announced that it expects more than 128 million individual tax returns to be filed by the deadline, so they’re trying to help and have MORE
The Dow Jones Industrial Average closed above 38,000 for the first time on Monday, setting a record high after a steady rise over the last week. The S&P500 also reached a record high, closing at MORE
About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to MORE
After contract negotiations this summer, full-time drivers for UPS saw an uptick in salaries including benefits from $145,000 to $170,000 according to recent data from the shipping service company. The largest union in the nation, Teamsters, MORE
The Federal Reserve announced on Wednesday it would raise interest rates a quarter percentage point (or 25 basis points), to a 22-year high. Interest rates are now at a range of 5.25 to 5.5 percent, the MORE
For the month of May, payrolls in the public and private sector increased by 339,000, better than the 190,000 Dow Jones estimate and marking the 29th straight month of positive job growth. The unemployment rate rose MORE
From the state that once employed children to work in coal mines, the US Department of Labor said Tuesday that two 10-year-old children were found working at a Louisville, KY, McDonald’s restaurant — sometimes until 2 a.m. MORE
Stocks in the banking industry have fallen since the collapse of SVD and Signature Bank. Shares of the Swiss bank, Credit Suisse were down by more than 20% after its biggest backer, Saudi National Bank, chose not MORE
“The FDIC on Friday took control of SVB’s assets and over the weekend Signature’s,” Biden said. “All customers who had deposits in these banks can rest assured they will be protected and they’ll have access MORE
Although unemployment ticked up a bit to 3.6% from 3.4% in January as more than 400,000 people joined the workforce, US employers added 311,000 jobs in February. January’s job gains were only slightly weaker than MORE
Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor MORE