The U.S. federal government’s annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government’s coffers. The nonpartisan Congressional Budget Office (CBO) on Friday released its monthly budget update for July, which found that the federal budget deficit totaled $1.6…
Terry Schilling, president of the American Principles Project, is encouraging Gen Zers to reconsider the traditional college route and explore skilled trades or entrepreneurship, as recent graduates face a challenging job market. “We need to go back to the drawing board, and if we can avoid having an entire generation…
U.S. gold futures rose to a record high on Friday amid uncertainty over whether the Trump administration’s country-specific import tariffs would apply to the most commonly traded sizes of gold bars. Washington may place the most widely traded gold bullion bars in the U.S. under country-specific tariffs, according to a ruling on…
Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before the end of the year amid concerns about tariffs pushing inflation higher. Bessent, during an appearance on Fox News’ “Special Report with Bret Baier,” said after the Fed held…
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Tech giant Apple is poised to announce a new investment of $100 billion in U.S. facilities as early as today,…
Markets are increasingly pricing in the chances of the Federal Reserve cutting interest rates at its next meeting in September following…
The exchange-traded fund (ETF) created around celebrity Wall Street analyst Dan Ives’ top 30 AI picks is off to a…
On Monday, Tesla granted CEO Elon Musk a new $29 billion pay deal aimed at keeping the billionaire entrepreneur at the…
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Credit bureaus were supposed to start incorporating buy now, pay later (BNPL) data into credit scores given how the payment method has surged in popularity, but several of the firms issuing these short-term loans are refusing to share their data for now. Major players in…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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Atlanta Federal Reserve President Raphael Bostic warned Thursday that he believes tariffs are likely to cause a prolonged stretch of inflation as opposed to a one-time spike in costs. Rather than “a short and simple one-time shift in prices, as standard textbook models would suggest,” Bostic said he expects changes…
NASHVILLE, Tenn. – The fireworks industry is expecting to get by this Fourth of July holiday, but trade tensions with China have some worried that sales leading up to America’s 250th birthday in 2026 could be a bust. Pyrotechnicians and firework distributors have held out hope that the fireworks will…
Congress officially passed President Donald Trump’s “big, beautiful bill,” and billionaire Ray Dalio is warning about the possible economic consequences, which could include spending cuts, major tax increases and massive money printing. “Unless this path is soon rectified to bring the budget deficit from roughly 7% of [gross domestic product]…
The U.S. targeted Iran’s “shadow fleet” and an Iraq-Iran oil smuggling network with sanctions Friday in a bid to disrupt Tehran’s “access to the financial resources that fuel its destabilizing activities,” Treasury Secretary Scott Bessent announced. The Treasury Department said it is “taking action against networks that have collectively transported…
close video Mortgage rates fell for the fifth consecutive week to the lowest level since mid-April, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.67% from last week’s reading of…
The U.S. economy added jobs in June at a faster pace than in recent months, despite economic uncertainty stemming from trade, tax and monetary policy. The Labor Department on Thursday reported that employers added 147,000 jobs in June. That figure was above the estimate of economists polled by LSEG, who…
A new report suggests that the Trump administration’s tariff policies are weighing on e-commerce as consumers have reconsidered how they go about making purchases. A report by AlixPartners found that tariffs are influencing consumers who are trying to time their online shopping purchases to avoid the impact of tariffs, with a similar number…
Canned-food giant Del Monte Foods filed for bankruptcy on Tuesday, the company announced in a statement. Del Monte Foods began voluntary Chapter 11 proceedings and entered into a restructuring support agreement with a group of its lenders, they said. “This is a strategic step forward for Del Monte Foods,” CEO Greg Longstreet said in…
Waffle House dropped a 50-cent per egg surcharge this week as prices of the popular breakfast food have stabilized. The chain announced the “egg-cellent news” on X, writing in a post that “the egg surcharge is officially off the menu” and thanking its customers for understanding. The egg surcharge went into…
Companies in the private sector lost 33,000 jobs in June, payroll processing firm ADP said Wednesday. The figure is well below economists’ estimates of a gain of 95,000 jobs and down from the prior month’s revised reading of 29,000.”Though layoffs continue to be rare, a hesitancy to hire and a…
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