Buffett’s company, Berkshire Hathaway, once again sounded the alarm on tariffs in Berkshire’s second-quarter earnings report. Warren Buffett’s Berkshire Hathaway (BRK.A -0.40%) (BRK.B 0.83%) reported its second-quarter earnings results on Aug. 2. Buffett will be stepping down as the company’s CEO in a little under five months, and investors are likely paying close attention to the last reports with him …
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Does President Donald Trump’s Tariff and Trade Policy Have America on a Collision Course With Stagflation?
The groundwork for the Federal Reserve’s worst-case scenario appears to be unfolding. At any given time, there are one or more significant market headwinds threatening to drive the benchmark S&P 500 (^GSPC 0.78%), iconic Dow Jones Industrial Average (^DJI 0.47%), and innovation-inspired Nasdaq Composite (^IXIC 0.98%) lower. For instance, the S&P 500’s Shiller Price-to-Earnings Ratio, which is based on average …
Read More »Trump’s pick for the Fed ‘fuels an existential threat’ as central bank independence is targeted, JPMorgan says
The Federal Reserve could be getting more than another dovish vote with the appointment of Stephen Miran as governor. It could signal an intention to amend the Federal Reserve Act and diminish policymakers’ independence, according to analysts at JPMorgan. On Thursday, President Donald Trump named Miran, the chair of the White House’s Council of Economic Advisers, to fill a vacancy …
Read More »Trump’s Firing Of The BLS Commissioner Is An Ongoing Trainwreck And Embarrassment
WASHINGTON – President Donald Trump had a special guest in the Oval Office on Thursday: the right-wing economist Stephen Moore, who came bearing charts purportedly depicting bogus job numbers during Joe Biden’s presidency. It was the latest White House effort to justify Trump’s firing of the head of the Bureau of Labor Statistics over a bad jobs report last Friday. …
Read More »Trump’s legal retribution tour is getting more blatant
Donald Trump Congressional news January 6th Federal agencies See all topics Facebook Tweet Email Link In case there was any doubt that President Donald Trump and his administration are on a legal retribution tour, this should just about settle it. Trump has often been under investigation during his political career — a fact owing to his near-constant efforts to push …
Read More »Sen. Ruben Gallego charges up Iowa crowd as he attacks Trump’s tax bill
DAVENPORT, Iowa (AP) — Hundreds of people cheered Sen. Ruben Gallego at a town hall meeting in eastern Iowa Saturday as the first-term Arizona Democrat assailed the massive, Republican-backed tax bill signed by President Donald Trump as likely to make “America poorer and sicker.” Gallego’s upbeat event struck the opposite tone from Rep. Mike Flood’s town hall meeting earlier in …
Read More »Trump’s Bitcoin retirement order sets stage for billions in demand at seven-year low supply – DL News
A Trump order opens 401(k) retirement plans to Bitcoin investments. Exchanges’ Bitcoin reserves have fallen to a seven-year low. Companies now hold nearly 5% of Bitcoin’s total supply in their treasuries. Retirement savers in the US will soon be able to passively invest in Bitcoin for their nest eggs. President Donald Trump on Thursday signed an executive order directing the …
Read More »The White House is trying to change the conversation about Trump’s BLS scandal
Facebook Tweet Email Link President Donald Trump claims, without a shred of evidence, that the government’s premiere economic data operation nefariously engineered negative statistics “for political purposes.” His top economic advisers don’t share that view, even as they continue to defend his stunning – and largely impulsive – decision to fire the head of the Bureau of Labor Statistics after …
Read More »Zelensky rejects Trump’s suggestion that Ukraine cede territory to Russia – The Washington Post
Zelensky rejects Trump’s suggestion that Ukraine cede territory to Russia The Washington Post Live updates: Zelensky says Ukraine will ‘not give up land,’ ahead of Trump-Putin summit in Alaska CNN Zelensky Rejects Ceding Territory to Russia After Trump Suggests a Land Swap (Gift Article) The New York Times Zelenskyy rejects Trump’s proposal that Ukraine could swap territories with Russia NBC News Zelenskyy rejects formally …
Read More »Newsom welcomes Texas Democrats who fled to foil Trump’s redistricting plan
SACRAMENTO — California became center stage for the national political fight over House seats Friday when Gov. Gavin Newsom welcomed Democratic lawmakers from Texas who fled their home state to foil President Trump’s plans to redraw congressional districts. California lawmakers plan to respond with their own plan to gerrymander districts to favor Democrats and neutralize any Republican seats gained in Texas in …
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