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 […]
In the Energy News Beat – Conversation in Energy with Stuart Turley, talks with Steve Reese to discuss the global energy sector’s current challenges and opportunities, particularly focusing on Europe’s energy security amid Germany’s reliance […]
Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to […]
Biggest consumer spending surge in nearly two years overpowered the drop in private domestic investment and change in private inventories. By Wolf Richter for WOLF STREET. Our drunken sailors, as we’ve come to call them lovingly and facetiously, […]
Daily Standup Top Stories Trump Reignites Coal Industry at Davos – Make Coal Great Again MCGA January 26, 2025 Clark Savage ENB Pub Note: While President Trump’s remarks are around coal, he says, “Nothing can destroy […]
Copyright © 2025 | Sandstone Group