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New Tariff Era: Trump Solidifies 15-20% Global Trade Tax

New Tariff Era: Trump Solidifies 15-20% Global Trade Tax

New Tariff Era: Trump Solidifies 15-20% Global Trade Tax A significant shift in global economic policy is underway as President Donald Trump entrenches tariffs at levels previously deemed unimaginable. The administration has declared a new baseline tariff rate for the world, expected to settle between 15% and 20%. This announcement follows closely on the heels of a landmark agreement reached Sunday with the European Union, which will see a 15% import tax on products entering the U.S. from the bloc….

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US Home Prices Hit All-Time High in June 2025 Amidst Sales Decline

US Home Prices Hit All-Time High in June 2025 Amidst Sales Decline

US Home Prices Hit All-Time High in June 2025 Amidst Sales Decline Despite a continued slump in overall sales, US home prices surged to an all-time high in June 2025. The median price for an existing home reached $435,300 last month, surpassing the previous record set in June 2024, according to recent data from the National Association of Realtors. This new peak comes even as sales numbers dipped to a nine-month low, decreasing 2.7% from May. The current market is…

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Trump Administration Launches Aggressive AI Deregulation Drive to Secure Global Lead

Trump Administration Launches Aggressive AI Deregulation Drive to Secure Global Lead

Trump Administration Launches Aggressive AI Deregulation Drive to Secure Global Lead The Trump administration has initiated a significant push to dismantle artificial intelligence regulations, aiming to position the United States as the undisputed leader in the global AI industry. This sweeping action plan targets measures perceived by AI developers as hindrances to innovation, specifically including those related to diversity, equity, inclusion (DEI) and climate change. President Trump is set to elaborate on this ambitious plan later today, where he is…

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Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks

Bessent Cautioned Trump Against Firing Fed Chair Powell, Citing Major Economic and Legal Risks Treasury Secretary Scott Bessent reportedly urged President Donald Trump against dismissing Federal Reserve Chair Jerome Powell, warning of significant economic, political, and legal repercussions, according to a new report from The Wall Street Journal. Bessent’s advice, which marks a notable divergence from other Trump allies, highlighted that removing Powell before his term concludes next spring could destabilize financial markets and push the central bank into unprecedented…

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US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb

US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb

US Inflation Report Reveals Consumer Shift: Travel Spending Dips, Goods Costs Climb The latest US inflation report, recently released, provides a critical insight into current economic trends, indicating a significant pullback in consumer spending on travel. This shift comes as the report simultaneously highlights a continued rise in the cost of various goods, impacting household budgets nationwide. Economic analysts are closely examining the data, which paints a picture of consumers adjusting their discretionary spending in response to persistent inflationary pressures….

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JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks Jamie Dimon, CEO of JP Morgan Chase, has strongly defended the Federal Reserve’s independence, calling it “absolutely critical” amidst escalating pressure from Donald Trump for immediate interest rate cuts. Dimon’s comments were made as the White House confirmed it has already initiated a process to select a successor for current Fed Chair Jerome Powell, despite his term not concluding until May next year. Trump has…

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US Inflation Surges to 2.7% in June, Prompting Economic Scrutiny

US Inflation Surges to 2.7% in June, Prompting Economic Scrutiny

US Inflation Surges to 2.7% in June, Prompting Economic Scrutiny New reports indicate that inflation saw an unexpected acceleration in June, with the annual rate climbing to 2.7%. This uptick signals a potential resurgence in price pressures within the U.S. economy, a development that is likely to draw immediate attention from financial markets and policymakers. The 2.7% annual inflation figure for June represents a significant movement, suggesting that consumer prices are rising at a more rapid pace than previously observed….

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Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears The US central bank has lowered its economic growth forecast, citing President Donald Trump’s tariffs as a clear driver of rising prices. The Federal Reserve, which kept interest rates unchanged, stated it is closely monitoring the impact of White House policies. This decision, widely anticipated, maintains the benchmark interest rate at approximately 4.3%, a level held since December. Following the announcement, President Trump urged the Fed to cut rates, stating on Truth…

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The $100 Billion Tariff Enigma: Why Inflation Remains Muted Amidst Record Duties

The $100 Billion Tariff Enigma: Why Inflation Remains Muted Amidst Record Duties

The $100 Billion Tariff Enigma: Why Inflation Remains Muted Amidst Record Duties Despite President Donald Trump‘s aggressive trade policies in his second term leading to a record-setting $100 billion in customs duties collected so far this year—and an projected $300 billion annually—a puzzling economic mystery is unfolding: the anticipated surge in inflation due to these tariffs is conspicuously absent. For months, mainstream economists and business leaders alike warned that new tariffs, which essentially act as a tax on consumers, would…

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Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later

Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later

Trump-Era ‘Big Beautiful Bill’ Revisited: Impact on Taxes, Immigration, and Social Programs Still Felt Years Later While signed into law during the Trump administration, the sweeping legislation dubbed the ‘Big Beautiful Bill’ continues to shape the economic and social landscape. Originally enacted following an Independence Day signing ceremony at the White House, the nearly 900-page bill significantly altered tax policy, boosted immigration enforcement, and reformed social safety nets, with its effects still observable today. Key provisions of the bill included…

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Conflicting US Jobs Reports Point to Divided Labor Market

Conflicting US Jobs Reports Point to Divided Labor Market

Conflicting US Jobs Reports Point to Divided Labor Market The latest employment figures for June have painted a perplexing picture of the U.S. labor market, with official government data sharply diverging from a key private sector report. This discrepancy, revealed this week, raises questions about the true health and direction of job growth. The U.S. Bureau of Labor Statistics (BLS) reported a higher-than-expected increase of 147,000 jobs in June, pushing the national unemployment rate down to 4.1% from 4.2%. This…

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June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks

June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks

June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks The U.S. labor market demonstrated surprising strength in June, with job growth significantly exceeding forecasts. This robust performance is poised to reduce the likelihood of the Federal Reserve implementing an interest rate cut at its upcoming July meeting, while simultaneously energizing Wall Street. According to the Labor Department’s latest report, the U.S. economy added 147,000 jobs in June, comfortably surpassing economists’ projection of 110,000. Concurrently, the unemployment rate…

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US Labor Market Stumbles: ADP Reports Unexpected Job Losses Ahead of Critical Federal Data Release

US Labor Market Stumbles: ADP Reports Unexpected Job Losses Ahead of Critical Federal Data Release

US Labor Market Stumbles: ADP Reports Unexpected Job Losses Ahead of Critical Federal Data Release The American labor market is showing signs of significant slowdown, with the private sector unexpectedly losing jobs in June, according to new data released Wednesday by payroll provider ADP. This marks the first negative month in over two years and defies economists’ expectations for a substantial gain. ADP’s monthly national employment report indicated a loss of 33,000 jobs, a stark contrast to the 117,500 jobs…

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Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation

Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation

Trump’s Past Demands: A Look Back at Calls for Powell’s Resignation In a significant escalation during his presidency, Donald Trump repeatedly called for Federal Reserve Chair Jerome Powell to resign, citing dissatisfaction with the central bank’s interest rate policies. These demands, often voiced on social media platforms like Truth Social, stemmed from Trump’s belief that lower interest rates were crucial for boosting economic growth. The controversy intensified with calls from figures like Federal Housing Finance Agency director Bill Pulte for…

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Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You

Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You

Senate Republicans Race to Pass Sweeping Tax-and-Spending Bill: What It Means for You As of July 1, 2025, Republican lawmakers are in a critical push to pass President Donald Trump’s comprehensive spending and tax bill on Capitol Hill. Senate staffers were seen working through sunrise, underscoring the intensity of the legislative battle. This sweeping legislation, if enacted, promises to reshape various aspects of American finances, from tax deductions to social safety nets and student loans. Among the key provisions, the…

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Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts Federal Reserve Chairman Jay Powell has indicated a willingness to consider a reduction in the benchmark US interest rate as early as this July. This signal comes as financial markets closely monitor economic indicators and inflation trends, anticipating potential shifts in monetary policy. While the full scope of Powell’s comments and the detailed rationale behind this potential move are reserved for subscribers, the headline alone suggests a significant development…

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Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks

Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks

Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks U.S. stock markets concluded the second quarter on a high note Monday, June 30th, 2025, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all reaching new record highs. The S&P 500 and Nasdaq each advanced 0.6%, while the Dow gained 308 points, or 0.7%. This market surge was fueled by positive developments in U.S.-Canada trade relations. Canada rescinded its digital service tax,…

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S&P 500 Closes First Half of 2025 at Record High Amid Shifting Market Dynamics

S&P 500 Closes First Half of 2025 at Record High Amid Shifting Market Dynamics

S&P 500 Closes First Half of 2025 at Record High Amid Shifting Market Dynamics The S&P 500 has surged to a new record high, reclaiming its February peak and marking a remarkable recovery after a significant 20% pullback earlier this year. As the first half of 2025 concludes, the index stands just above its previous high from February 19, prompting a fresh look at the underlying market conditions. Despite the rapid ascent, the market’s current valuation of 22-times forward estimates…

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Wall Street’s Ascent: S&P 500 Nears Record as Tariff Worries Dissipate and Tech Leads the Charge

Wall Street’s Ascent: S&P 500 Nears Record as Tariff Worries Dissipate and Tech Leads the Charge

Wall Street’s Ascent: S&P 500 Nears Record as Tariff Worries Dissipate and Tech Leads the Charge Wall Street is buzzing with optimism as the S&P 500 index teeters on the brink of an all-time record high, signaling a remarkable turnaround from its April lows. The broad market index surged by approximately 0.8% on Thursday, culminating in a 2.9% weekly gain and positioning it just shy of its late February intraday peak. The Nasdaq Composite also celebrated a robust 1% advance,…

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Analyzing the Federal Reserve’s June 2025 Interest Rate Decision: Economic Stability and Political Pressure

Analyzing the Federal Reserve’s June 2025 Interest Rate Decision: Economic Stability and Political Pressure

Analyzing the Federal Reserve’s June 2025 Interest Rate Decision: Economic Stability and Political Pressure The Federal Reserve’s (Fed) June 2025 meeting, concluding on Wednesday, holds significant importance despite the anticipated decision to maintain the key interest rate. While most economists predict no change to the federal funds rate (currently 4.25% to 4.55%), the meeting’s significance stems from the confluence of economic indicators and ongoing political pressure. The current economic landscape presents a mixed picture. While sectors such as manufacturing show…

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Trump’s Trade Wars: A Brexit-Sized Warning for the US Economy

Trump’s Trade Wars: A Brexit-Sized Warning for the US Economy

Trump’s Trade Wars: A Brexit-Sized Warning for the US Economy Hey friend, remember Brexit? The whole drawn-out, messy, economically uncertain situation in the UK after they left the EU? Well, two leading economists, Jonathan Haskel and Matthew Slaughter, argue that Trump’s chaotic trade policies are setting the US up for a similar, potentially disastrous, outcome. Their main point? Uncertainty kills investment. Trump’s constant shifting of tariffs, threats, and negotiations – what the US Treasury Secretary called “strategic uncertainty” – has…

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