California’s SB 222 lets wildfire victims sue oil companies, worsening insurance and consumer costs while ignoring real issues. It’s not exactly unheard of for California’s progressive lawmakers to introduce ideologically driven bills designed to make a […]
QE has produced years of hangover. By Wolf Richter for WOLF STREET. The Fed disclosed two types of losses in its audited annual report today: An operating loss of $77.6 billion for the year 2024, substantially less bad […]
The Trump administration declared a national energy emergency to accelerate fossil fuel development and imposed tariffs that increased costs for the renewable energy sector. Negotiations between the US and Ukraine regarding Ukraine’s mineral reserves ended […]
ENB Pub Note: The Fed is a private company that behaves like the Federal Government. In my opinion, it has lost the trust of the American people. President Trump’s actions have indicated that he is […]
“We’re focused on the real economy,” Bessent said. “Ouch,” stocks said. Where did the Trump put go? By Wolf Richter for WOLF STREET. One issue is, how do you get an economy addicted to government deficit spending off […]
ENB Pub Note: Yes, the US is in a debt crisis caused by the Republicans and Democrats. It will be tough to unwind the deliberate take down of the United States, and I believe we […]
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, […]
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