June Retail Spending Misses Forecast Despite World Cup Boost
Online retailers and automobile dealerships recorded the biggest gains, with both categories rising 1.9%
Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
‘Who Wrote That Check?’
The Fed chair would not say who bought the $100 million in assets he was obliged to sell, or whether he had asked his top bank regulator about her dinner with bankers hours after the last rate meeting.
Why Is The US Imposing 25% Tariffs On Brazil
The measures target issues including weak anti-corruption enforcement, barriers affecting American technology companies and trade practices
U.S. Mint To Release $1 Coin Featuring President Trump
The report said the coin will depict Trump in a suit with a stern expression and will be manufactured from a non-precious metal with a gold-colored finish.
Why Did SpaceX Stock Fall Below Its IPO Price
The report said the shares have dropped about 41 percent from their peak of $225.64, reducing the company's market value significantly.
GOP Unveils Emergency Spending Bill For Defense And Election Security
The package allocates up to $73 billion for defense and national security, $12 billion in agricultural assistance for farmers affected by the ongoing trade war
Which Inflation Indicator Fell More Than Expected In June
The Producer Price Index fell 0.3% during the month, outperforming economists' expectations for no change.
Rising Mortgage Rates Slow Homebuyer Demand
The average interest rate for a 30-year fixed mortgage increased to 6.65%, up from 6.58% a week earlier
Warsh’s ‘Regime Change’
Warsh called inflation a tax on Americans and vowed to end it. The Fed votes on rates on July 29. Its own inflation gauge does not report June until the 30th.
U.S. Expands Sanctions On Cuba's Tourism Sector
The report said the sanctions, authorized under a May executive order, block the U.S.-based property and financial interests of the designated entities.
US Trade Fraud Investigations Surpass $1 Billion Mark
The total includes penalties, settlements, restitution, asset forfeitures and alleged losses in pending criminal and civil cases. About $150 million of the overall figure relates to ongoing cases.
Fed Chair Warsh Outlines New Strategy To Tackle Inflation
He acknowledged that elevated prices over the past five years have burdened American households and businesses
Consumer Prices Drop More Than Expected In June
The consumer price index fell 0.4% from the previous month, marking its biggest monthly decline since April 2020
Meta Expands Louisiana Data Center To $50 Billion Project
According to the report, the facility will become the company's largest data center project, significantly larger than the original 2-gigawatt plan valued at $27 billion.