WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump …
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Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs
Goldman Sachs is refusing to back away from its analysis that Americans—not foreign exporters or overseas governments—are bearing the majority of costs from President Donald Trump’s sweeping tariffs. The Wall Street giant doubled down this week on chief economist Jan Hatzius’s research as inflation data showed a jump in consumer prices and the political backlash from the White House intensified. …
Read More »Trump tells Goldman Sachs CEO to hire a new economist after bank says consumers will pay bulk of tariff costs
Facebook Tweet Email Link Days after Goldman Sachs’ top economists published research claiming price increases stemming from higher tariffs are poised to soon be borne mostly by consumers, President Donald Trump is urging the bank’s CEO, David Solomon, to get a new economist. “Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH …
Read More »US prices continued rise in July as Trump tariffs impact consumer costs | US economy
US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs. Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in …
Read More »The hidden costs of cutting Medicaid : Planet Money : NPR
Amr Bo Shanab/Getty Images With the passage of the big Republican tax and spending bill, the federal government is poised to reduce support for Medicaid and the insurance marketplaces established by the Affordable Care Act. The Congressional Budget Office estimates that these cuts could cause 10 million Americans to lose health insurance by 2034. Lawmakers have justified these cuts as …
Read More »Consumers are already paying two-thirds of tariff costs, says Goldman Sachs
When President Trump announced his tariff agenda, he said it would be foreign companies and consumers that would “eat” the price hikes. That’s a take that may be proved optimistic at best and misguided at worst. While tariffs have yet to significantly shift the dial on inflation—prompting individuals like Treasury Secretary Scott Bessent to label them the “dog that didn’t …
Read More »11 Times Celebs Revealed Hidden Costs Of Fame
Adelaide said, “Generally speaking, [Screen Actors Guild] minimum for a series regular on a network show is $20,000 per episode. Say I did 78 episodes on Reign; that pares out to $1.56 million for four years of work. So, assuming that I’ve made $5 million in my entire career since I started working at 16, here is how that breaks …
Read More »ASUS RTX 5080 NOCTUA GPU costs £1500: ASUS’ most expensive RTX 5080 yet – VideoCardz.com
ASUS RTX 5080 NOCTUA GPU costs £1500: ASUS’ most expensive RTX 5080 yet VideoCardz.com MSI GeForce RTX 5080 Expert OC Review TechPowerUp Noctua unveils RTX 5080 that looks like one of its lovely fans, and it promises ‘exceptional performance with impressively low noise levels’ PC Gamer Timber! ASUS ProArt GeForce RTX 5080 Will Give You Wood HotHardware The ASUS GeForce RTX 5080 Noctua OC …
Read More »Restaurants are under threat as costs skyrocket and consumers cut back
Facebook Tweet Email Link Ike’s Chili in Tulsa, Oklahoma, has been around for 117 years, surviving a myriad of challenges like the Great Depression, the Covid-19 pandemic and a once-in-a-generation burst of inflation. But 2025 already holds an even more complicated challenge. “The cost of everything’s just going up, and we’ve got to figure out how to manage it right,” …
Read More »Godox’s Tiny iT20/iT22 Flash Costs $45 and Takes Magnetic Filters
Photo equipment and lighting company Godox launched another compact and affordable flash for photographers. The Godox iT20/iT22 camera flash weighs around 50 grams (less than two ounces) and is under $50. As spotted by RedShark, the Godox iT20/iM22 is the latest in an increasingly long string of tiny flashes from the Chinese company Godox. The iT20 and iT22 arrive just …
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