Biden's Economy In "Transition" To A Recession
President Biden said the economy is in 'transition.' He's right, but the conditions are such that the economy is heading to a recession.
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World Bank Cuts Global Growth Forecast To 2.5%
The World Bank cautioned that global growth could slow dramatically to as little as 1.3% if the conflict triggers broader financial market disruptions or prolonged supply-chain pressures.
U.S. Jobless Claims Rise Slightly But Remain Historically Low
The Labor Department reported that initial jobless claims rose by 4,000 to 229,000, slightly above economists’ expectations.
Iran Oil Shock Pushes US Business Costs Higher
The Producer Price Index, a key measure of business input costs, rose 1.1% during the month. The annual rate climbed to 6.5%, marking its highest level in more than three years
Inflation Jumps To A Three-Year High On The Energy Shock
May prices rose 4.2 percent from a year earlier, almost entirely on fuel, leaving the Fed boxed in before next week's meeting.
Latest
Trump Cancels Scheduled Iran Strikes, Citing Negotiation Progress
The decision came after two consecutive nights of U.S. military operations targeting Iranian sites.
World Bank Cuts Global Growth Forecast To 2.5%
The World Bank cautioned that global growth could slow dramatically to as little as 1.3% if the conflict triggers broader financial market disruptions or prolonged supply-chain pressures.
Platner Cruises To Maine Senate General Election Despite Scandals
Platner won the nomination with little contest, as Maine Democrat Gov. Janet Mills dropped out of the race in April. However, her name remained on the ballot.
HHS Secretary Kennedy Urges Rubio To Join CAIR Funding Probe After Chip Roy’s Request
Kennedy, citing that “accountability is not optional,” announced that he privately shared his concerns with Secretary of State Marco Rubio and encouraged him to conduct a full “review of any information relevant to this matter.”