Every first Friday of this year (here, here and here) we have spent hours deconstructing the glaring propaganda peddled by Biden’s Labor Department, meant to show just one thing – how “strong” the economy is under the current […]
New York | Global investors are turning their backs on sustainably focused stock funds, as poor performance, scandals and attacks from US Republicans hit enthusiasm for a much-hyped sector that has pulled in trillions of dollars […]
By Wolf Richter for WOLF STREET. Look, today’s jobs report shows why we don’t get too excited about the month-to-month squiggles in the jobs data (blue lines in the charts below). The labor market doesn’t turn around from […]
Complex relationship Tensions between China and the United States have been on the rise for an extended period, driven by economic competition, geopolitical disagreements, and various diplomatic clashes. Recently, China has intensified this complex relationship […]
The U.S. House of Representatives voted largely along party lines to prevent the Federal Reserve from issuing a central bank digital currency. The CBDC Anti-Surveillance State Act, introduced by Majority Whip Tom Emmer (R-Minn.), seeks […]
By Wolf Richter for WOLF STREET. Tax receipts by the federal government in 2024 are shaping up to be pretty good. In 2023, Q1 and Q2 tax receipts were crappy because capital gains taxes had plunged because 2022 […]
The US government just spent over half a trillion dollars in interest payments on its national debt in a mere seven months. The Committee for a Responsible Federal Budget (CRFB) reports that net spending on interest reached […]
The green fanatics have been so successful at crippling the Empire State’s power infrastructure that now a minor heat wave, just three straight days with temps only above 95 degrees, could plunge the state into darkness. The grim news comes […]
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. His comments […]
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” Christopher Wolfe, managing director and […]
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