Stocks

“U.S. stock market loses $5 trillion in value in three weeks”

“The S&P 500′s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value. The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s… Continue Reading…

Economy

“U.S. budget deficit surged in February, passing $1 trillion for year-to-date record”

“…Government spending eased slightly on a monthly basis though it still far outpaced revenue, according to a Treasury Department statement Wednesday. The deficit totaled just over $307 billion for the month, nearly 2½ times what it was in January and… Continue Reading…

Economy

“Dollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better”

“Dollar General’s CEO said customers’ financial situations have worsened over the past year due to inflation. CEO Todd Vasos said the company doesn’t expect the macro environment to improve in 2025. Tariffs and potential changes to government entitlement programs present… Continue Reading…

Personal Finance

“Is your money gone before it arrives? The sad reality of American paychecks”

“…A survey of 2,000 employed Americans making less than $75,000 annually shows what happens to the modern paycheck—where it goes, how fast it disappears, and how many people need to plan carefully just to make it through each month. The… Continue Reading…

Economy

“Consumers Keep Bailing Out the Economy. Now They Might Be Maxed Out.”

https://www.wsj.com/economy/consumers/consumer-credit-debt-economy-impact-634eda8d Garbage article. I actually thought about not posting it. Might be maxed out? Might? Jesus MIGHT come back in the next 5 minuets. This is fear mongering. The entire article is like that by the way. The economy has… Continue Reading…

Economy

“Recession risks rise for all three North American economies over US tariff chaos”

“Risks to the Mexican, Canadian and American economies are piling up amid a chaotic implementation of U.S. tariffs that has created deep uncertainties for businesses and decision-makers, according to Reuters polls of economists taken this week… “Given this is so… Continue Reading…

Economy

“U.S. payroll growth totals 151,000 in February, less than expected”

“Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month, better than the downwardly revised 125,000 in January but less than the 170,000 consensus forecast. Federal government employment declined by 10,000 in February though government payrolls overall rose by… Continue Reading…

Economy

“U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury secretary says”

“President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday. The U.S. is deploying sanctions against Iran aggressively for “immediate maximum impact,” Bessent told… Continue Reading…

Economy

[Grandstanding] “China says it is ‘ready for war’ with America”

“In a direct threat to Donald Trump, China’s representatives in America said: “If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end.”… Continue Reading…