Tag Archives: 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 …

IN A NUTSHELL 📱 Gen Z is trading smartphones for dumbphones to regain focus and privacy. 🌀 The rise of retrotech reflects a backlash against the overwhelming attention economy. 🔍 Analog devices and digital minimalism offer an escape from notification fatigue and constant connectivity. 🔗 Despite the trend, modern conveniences make a complete switch to simpler devices challenging. In recent …

The reciprocal tariffs imposed by US President Donald Trump are a “slow burn” for Wall Street, as they rarely trigger an immediate crisis – but over time, they warp markets, squeeze consumers, and invite retaliation, according to a new report.  Investors and policymakers alike would do well to remember that just because the storm isn’t here yet doesn’t mean it …

Nick Maggiulli is juggling more than spreadsheets these days. He’s chief operating officer at Ritholtz Wealth Management, but he’s also a blogger, and now a two-time author thanks to his latest book, “The Wealth Ladder,” which quickly shot to New York Times bestseller status. Through his many efforts, Maggiulli has found himself at the forefront of a conversation increasingly relevant …

Stablecoins are the shiny new object on Wall Street. Once restricted to the niche world of crypto trading, stablecoins entered the mainstream of U.S. finance as Congress debated—and ultimately passed in July—a bill to legitimize them and expand their use. That has spurred a hype cycle as banks and Fortune 500 companies rush to explore the technology.  Stablecoins, which are …

People take pictures with the Welcome To Fabulous Las Vegas sign under hazy orange skies as the sun sets on July 29, 2023. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images After years of booming tourism in Las Vegas, the hot streak looks to be cooling off — and it may be …

Trump’s Oval Office ‘session’ on the economy? Charts about Biden.  The Washington Post Still Fuming Over a Weak Jobs Report, Trump Finds Some Numbers He Likes  The New York Times Trump defends the US economy with charts after job reports showed warning signs  AP News Trump Just Did What Not Even Nixon Dared  The Atlantic ‘You’re Asking Me to Contemplate the Nuclear Scenario’  Politico Source …

United States President Donald Trump has fired off a social media message calling on the head of the US technology firm Intel to resign from his post as chief executive officer. Trump’s decision to denounce Intel CEO Lip-Bu Tan on Thursday morning sent the company’s stocks tumbling, amid the uncertainty about the future of its leadership. “The CEO of INTEL …

The Bureau of Labor Statistics (BLS) releases reports that can shift global markets and influence Federal Reserve interest rate decisions, impacting personal finances across the U.S. The numbers in the BLS reports have a direct impact on retirement accounts, home values, and Social Security payments.On the first Friday of each month, the BLS publishes a jobs report, compiled by surveying …

Fed policymakers signal rising angst about cooling economy  Reuters Three Fed Officials Voice Fresh Concerns Over US Labor Market  Bloomberg.com Fed’s Daly: Fed will likely need to lower rates in coming months as job market has slowed  Yahoo Finance Kashkari leans toward rate cut as concerns about an economic slowdown grow at the Fed  MarketWatch Fed’s Kashkari Says Two Rate Cuts in 2025 Are …