Historic low interest rates boosting riches of top households The top 1% of American households have enjoyed huge returns in the stock market in the past decade, to the point that they now control more MORE
Trump said on Thursday that the Fed is a bigger risk to the US economy than China because interest rates here are higher than in other countries. Trump has called for rates to drop to MORE
The Federal Reserve reduced the benchmark U.S. interest rate for the third time this year Wednesday in an effort to boost the economy as the trade war and a global slowdown threaten to drag the MORE
The US Treasury reported on Friday that the federal deficit has increased 26% from 2018, to $984 billion. The revenue and spending gap is the highest it has been in seven years. Corporate tax revenues MORE
China Wants More Talks Before Signing Trade Deal With Trump Source: The U.S. and China have emerged from last week’s talks with different takes on what’s in the accord and how close they are to MORE
A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the MORE
Stop me if this sounds familiar: For most American workers, real wages have barely budged in decades. Inequality has skyrocketed. The richest workers are making all the money. Earnings for low-income workers have been pathetic this entire MORE
A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply MORE
The Trump administration exempted numerous Chinese products from tariffs while the two countries figure out how they want to resolve their Trade War. The items total approximately $250 billion dollars in good and include the MORE
U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process. MORE
The DOW fell nearly 400 points after Trump threatened China on Twitter. Trump claimed the United States and China have been negotiating a trade deal but both countries appear… MORE
Although Trump claims the economy is doing gang busters and is the best economy ever, he took to Twitter this morning tweeting out who to blame in the event it crashes and burns. “The Economy MORE
China announced it will place $75 billion dollars in new tariffs and resume 25% tariffs on US automobiles beginning September 1, 2019. The new tariffs will take place in two increments with the second round MORE
As speculation mounts that the U.S. could soon find itself in the grips of a recession, economists warn the federal budget deficit is plotting an “unsustainable” course. The director of the Congressional Budget Office (CBO) MORE
After two years touting a booming economy as his own doing, U.S. President Donald Trump is test driving a new message on the economy: Any chance of a recession is not his fault. MORE
In a failed attempt to shame Jews who support the Democratic Party and vote for Democratic candidates, Trump said American Jewish people show “either a total lack of knowledge or great disloyalty.” After spewing his MORE
Despite Trump’s claims that the US steel industry is “thriving” under his presidency, United States Steel Corp plans to layoff nearly 200 workers at their Great Lakes facility in Michigan. A company spokeswoman told Reuters, MORE
We’ve all read it, unemployment is at historic lows and that wages are up. We read that GDP is increasing, the stock market is up, and every financial expert on TV is telling us how MORE
As fears of a recession loom on the minds of many, White House National Economic Council director Larry Kudlow took to the Sunday shows to state otherwise. On Meet the Press with F. Chuck Todd, MORE
After blaming the Feds for the stock market tanking yesterday, Trump took to Twitter today to accuse the media of wanting to crash the economy in hopes it will hurt Trump’s chance of being re-elected MORE
Realizing fears of a recession and the state of the global economy, the Office of the U.S. Trade Representative (USTR) announced it will delay some Chinese products subject to tariffs until mid-December. Most of the MORE