Author: Daniel snow
Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as next week. Source link
Renovations to the nearly 100-year-old Federal Reserve building will cost $2.4 billion. Source link
Legislators opposing the raids say steep arrest quotas are leading to “aggressive and dangerous enforcement.” Source link
A stack of old mobile phones are seen before recycling process in Kocaeli, Turkiye on October 14, 2024. Anadolu | Anadolu | Getty ImagesAs the U.S. and China vie for economic, technological and geopolitical supremacy, the critical elements and metals embedded in technology from consumer to industrial and military markets have become a pawn in the wider conflict. That’s nowhere more so the case than in China’s leverage over the rare earth metals supply chain. This past week, the Department of Defense took a large equity stake in MP Materials, the company running the only rare earths mining operation in…
Mexican President Claudia Sheinbaum said she was willing to negotiate with Trump on everything except her country’s sovereignty. Source link
After a few relatively slow weeks of corporate news, things are about to ramp up. Second quarter earnings season is set to kick off in the week ahead, with the big banks starting to report. Within the Investing Club portfolio, we’ll hear from BlackRock and Wells Fargo before Tuesday’s opening bell; Goldman Sachs before Wednesday’s open; and Abbott Laboratories before Thursday’s open. We’ll get the latest on the economy along the way, after last week’s market action was dominated by tariff news. 1. BlackRock : In addition to hearing about fund flow dynamics, which we would expect to be positive given…
National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersNational Economic Council Director Kevin Hassett said Sunday that whether the Trump administration has the authority to fire Federal Reserve Chair Jerome Powell is “being looked into.””But certainly, if there’s cause, he does,” Hassett said on ABC News’ “This Week” of Trump’s authority to remove Powell before his term is up next spring.President Donald Trump has said that he does not want to fire Powell, but Hassett’s comments suggest the White House is still considering — and potentially…
David Corenswet stars are Superman in Warner Bros.’ “Superman.”Warner Bros. Discovery”Superman” soared into theaters this weekend, snapping up an estimated $122 million in domestic ticket sales and launching a new era of DC superhero flicks.The film marks the first theatrical debut of James Gunn and Peter Safran since they became co-heads of Warner Bros. Discovery’s DC Comics film and TV unit in late 2022. The pair has developed a 10-year plan to reinvigorate the studio’s franchises across TV and film, including fresh spins on Superman and Batman.”The road to success for DC has been a circuitous one over the years and…
Mexican President Claudia Sheinbaum said she was willing to negotiate with Trump on everything except her country’s sovereignty. Source link
Tuesday’s consumer-price index report for June comes into sharp focus for the stock market this week. Source link