Economy

“Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit”

“…Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday. That brought the year-to-date total for the duties up to… Continue Reading…

Economy

“Trump says the Fed should cut rates to ease the economy’s transition to his tariffs”

“…In a post Wednesday night on Truth Social, Trump encouraged Chair Jerome Powell and his colleagues to ease policy as the administration enters the next phase of its aggressive trade policy. “The Fed would be MUCH better off CUTTING RATES as U.S.Tariffs start… Continue Reading…

Economy

“US shoppers cut spending as economic outlook concerns mount”

“…Many retailers reported solid sales at the end of last year, but warned of slower growth in 2025, and industry data shows that their forecasts are already playing out. Footfall to US stores fell by 4.3 per cent year on… Continue Reading…

Economy

Act Of War! Canada: Doug Ford Warns Trump He Would Cut Off Energy To U.S. Over Tariffs [Terrorist Tactic To Hold U.S. Economy Hostage]

Just in case the link doesn’t work click here: https://www.youtube.com/watch?v=OCwDwZdQJDA Does he really think this is going to hurt Trump? This guy is a moron if he thinks even Anti-Trumpers will support his actions if this comes to pass. Shutting… Continue Reading…

Banking

“ECB Cuts Rates for Fifth Time as Euro-Zone Economy Flatlines”

“The European Central Bank lowered borrowing costs for a fifth time since June, with the region’s economy stalling and the 2% inflation target in reach… Officials reduced the deposit rate by a quarter-point to 2.75% — as predicted by all… Continue Reading…

Banking

“10-year Treasury yield gains for week even after Fed rate cut”

“…The 10-year Treasury yield was last down around 1 basis point at 3.732%. The 2-year Treasury note yield fell around 2 basis points at 3.585%. The yield on the 10-year Treasury was higher by almost 8 basis points for the… Continue Reading…

Stocks

“Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance”

“Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its 2024 guidance. The German carmaker cited weaker demand from China as the main driver of the downgrade. The auto sector was dragged lower on the… Continue Reading…

Cryptocurrencies

“Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point”

“…The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, similar to stocks, initially jumped and then pulled back as traders absorbed the news…” https://www.cnbc.com/2024/09/19/crypto-market-today.html… Continue Reading…

Banking

“Federal Reserve lowers interest rates by 0.50 percentage points in first cut since 2020”

“The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as inflation-weary consumers are grappling with high rates on everything… Continue Reading…

Banking, Economy

“Treasuries Surge as Traders Bet on Emergency Fed Rate Cut”

“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…