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Unveiling the hidden dangers of Trumpmath: While the prospect of a $5,000 "DOGE dividend" from Elon Musk's cost-cutting endeavors sounds appealing, it's essential to remember the potential surge in national debt, estimated to balloon by at least $4 trillion, imposing an additional $12,000 in debt for every American.
Published on: February 21, 2025, 06:01 PM UTC
US consumers expect inflation to rise to 3.5% annually over the next 5-10 years, driven by concerns over President Trump's tariffs. This has led to a decline in consumer sentiment and increased uncertainty around interest rates.
Published on: February 21, 2025, 06:01 PM UTC
Bank of Canada Governor Tiff Macklem advocates maintaining the 2% inflation target during the upcoming 2026 review. He emphasizes the need to address pressing economic issues, including the potential impact of U.S. tariffs on Canada's economic growth and inflation.
Published on: February 21, 2025, 06:00 PM UTC
The Chancellor may use stealth taxes to address defense budget demands. A top economist estimates that Rachel Reeves will require an extra £15 billion to expand the defense budget, with £5 billion to £10 billion coming from other departments like justice, local government, and the environment. It is also possible that Reeves will extend the fiscal drag by raising stealth taxes to fund the expanded defense budget. This would give the Chancellor between £8 billion and £10 billion per year in tax revenue.
Published on: February 21, 2025, 06:00 PM UTC
Rivian (RIVN) reported a gross profit for Q4 2024 and a smaller-than-expected adjusted EBITDA loss for the full year. Despite positive results, Rivian stock dipped 3% in early trading due to conservative 2025 guidance, macro headwinds, and potential risks related to the EV tax credit and DOE loan.
Published on: February 21, 2025, 05:02 PM UTC
American consumers have a dimming outlook on the economy in February as uncertainty related to Trump's trade policy lifted inflation expectations sharply higher for the second straight month.
Published on: February 21, 2025, 05:01 PM UTC
Cocoa futures drop in New York on concerns about weaker demand after reaching record prices. Sales of next season's harvest in Ivory Coast are slow, and chocolate makers signal more price increases may be coming.
Published on: February 21, 2025, 05:01 PM UTC
Coinbase lawsuit dropped by SEC, signaling friendlier crypto approach
Published on: February 21, 2025, 05:00 PM UTC
Oil fell after breaking a key technical level, accelerating losses amid the possibility of more Iraqi crude and weakening the outlook for supply constraints.
Published on: February 21, 2025, 05:00 PM UTC
US consumer sentiment takes a hit in February as trade war worries fuel inflation expectations
Published on: February 21, 2025, 05:00 PM UTC