US Federal Reserve Chairman Kevin Warsh holds a press conference, following a two-day meeting of the Federal Open Market Committee (FOMC), at the Federal Reserve in Washington, DC, US, October 28, 2026. REUTERS/Kylie Cooper A prominent economist is scratching his head…
Critics say President Donald Trump’s Wall Street market is on the rise almost solely due to growth in one industry: AI. But analysts are worried that Wall Street’s AI debt machine is “starting to choke on supply,” with AI reaching…
The day’s highlight will likely be what the Federal Reserve says, if anything, about where interest rates are heading. The S&P 500 rose 0.2% and pulled within 1% of its all-time high, which was set earlier this month. The Dow Jones Industrial…
The central bank, which hiked rates by a quarter of a percentage point last month, gave little indication of its next decisions. “Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on…
The Fed, led by Chairman Kevin Warsh, raised its benchmark rate last month for the first time in three years, defying President Donald Trump’s demands for rate cuts. “Inflation remains elevated,” the Fed said in a statement released after its…
Clinicians in hospital intensive care unit This past June, GoozNews forecast the uninsured rate would soar to 11 percent this year due to changes contained in the One Big Ugly Bill passed by the Republican-controlled Congress and signed into law by…
While many Americans worry about inflation, rising gas prices, soaring grocery bills, and the high cost of living amid stagnant wages, a report AARP released Wednesday found that caregivers bear the heaviest financial burden. Caregivers now spend an average of…
President Trump's effort to squeeze Canada is coming back to bite American businesses as a new report reveals just how hard it is for the US to find an alternative to something it has long purchased from its northern neighbor.
Officially, the Biden administration has not completed a single trade deal during his first term. Unofficially, ersatz trade deals have proliferated. The digital trade chapter of IPEF has raised particular alarms for its potential to lock in requirements that would…
A prominent economist is warning that Americans’ view of who’s running the economy carries consequences that reach far beyond their mood. University of Michigan economist Justin Wolfers argued in his Platypus Economics newsletter on Friday that the problem is the…
What families pay: inflation, grocery and food prices, and what Trump's tariffs cost households.
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