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News
Claudia Sahm: The Fed’s credibility depends on resisting politics, not playing it
1+ day, 23+ hour ago (330+ words) At Jackson Hole, Wyo., last month, all eyes were on Federal Reserve Chair Kevin Warsh in his first speech at the Fed’s annual conference. But all thoughts were about the Fed’s rate decision next week. But playing politics to preserve…...
Oil prices leap to their highest since May and drag Wall Street lower
3+ day, 16+ hour ago (816+ words) NEW YORK — Oil prices keep climbing as the war with Iran keeps clogging the global flow of crude, and they leaped Thursday to their highest levels since before the summer. That worsened worries about inflation and cranked up pressure within…...
Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates
4+ day, 17+ hour ago (749+ words) Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran. The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%, and the…...
Trump says oil prices that spiked because of Iran war likely won't come down until after midterms
4+ day, 16+ hour ago (0+ words) ...
Stocks fall on Wall Street as oil prices jump above $100 a barrel after U.S. and Iran war escalates
4+ day, 19+ hour ago (0+ words) ...
Letter to the editor: Record national debt and moral bankruptcy
6+ day, 3+ hour ago (304+ words) The national debt has topped $40 billion. While administrations from both parties have increased the national debt, economists are worried because the debt is now bigger than the U.S. GDP. We are under an administration that passed the Big Beautiful Bill that…...
Bitcoin Stays Below $80,000 After Jobs Data Revives Rate Hike Bets
6+ day, 19+ hour ago (415+ words) Bitcoin was trading near $79,800 on Saturday, September 6, according to Investing.com, after pulling back from a three-month high above $82,000 reached Thursday. The retreat followed stronger-than-expected U.S. jobs data that raised fresh expectations for a Federal Reserve interest rate increase at its…...
Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him
1+ week, 1+ day ago (757+ words) WASHINGTON — President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday’s surprisingly positive jobs report ultimately provoked frustration from Trump. “Success does not cause inflation. Stupidity causes inflation,” Trump vented in…...
Letter to the editor: Tax cuts have fueled our national debt
1+ week, 2+ day ago (347+ words) The article “The U.S. national debt now stands at $40 trillion” (Aug 19, TribLive) was indeed alarming. The debt-to-GDP ratio is about 124%, meaning the national debt significantly exceeds the country’s annual economic output and is expanding by billions each day. The article…...
U.S. job market rebounds as employers add 162,000 jobs; the unemployment rate stayed at 4.1%
1+ week, 3+ day ago (492+ words) WASHINGTON — The U.S. job market rebounded in August as employers added a surprising 162,000 jobs. The unemployment rate stayed at a low 4.1%. The jobs report, issued by the Labor Department Friday, could be good news for President Donald Trump two months…...