The U.S. president has embraced digital currencies after years of skepticism. By Rishi Iyengar, a reporter at Foreign Policy. David Sacks, U.S. President Donald Trump’s AI and crypto czar, speaks to Trump as he signs […]
Civilian employment at the federal government accounts for less than 1.9% of total payrolls. By Wolf Richter for WOLF STREET. Because it has been the topic in the news for weeks, we’ll talk about civilian employment at the […]
Companies can’t pass on those higher prices? What a bummer. But if they can without losing sales, it’s off to the races. See 2021/2022. By Wolf Richter for WOLF STREET. Nearly every subindex of today’s ISM Services PMI […]
Beijing’s capture of global markets offers a U.S. road map. By Charles Yang, the executive director of the Center for Industrial Strategy. The U.S. auto manufacturing industry is facing a crisis. A flood of high-quality, […]
US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as […]
Are disclosures of “unrealized losses” on bank balance sheets next? By Wolf Richter for WOLF STREET. Acting Chairman of the FDIC Board of Directors, Travis Hill, who was sworn in as FDIC Vice Chairman on January 5, released […]
Some $4.7 trillion in federal payments remained untraceable, as the Treasury did not enforce a tracking code Elon Musk’s Department of Government Efficiency (DOGE) claims has uncovered a massive gap of nearly $5 trillion in […]
The Fed, after complaining about missing immigrants in labor market data, now has further support for its pivot to wait-and-see. By Wolf Richter for WOLF STREET. We’ve been discussing this issue – and its impact on employment data […]
U.S. President Donald Trump, who once called himself a “tariff man,” is making clear that his love of import duties is more than words on a social media post. The announcement last week that […]
The billionaire accused the former US president of using taxpayer money to support unlawful border crossings Elon Musk has accused the administration of former US President Joe Biden of redirecting billions of dollars in taxpayer […]
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