Author: Daniel snow
The U.S. Department of the Treasury building is seen in Washington, D.C., Jan. 19, 2023.Saul Loeb | Afp | Getty ImagesThe U.S. government drifted further into red ink during May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday.After running a short-lived surplus in April thanks to tax season receipts, the deficit totaled just over $316 billion for the month, taking the year-to-date total to $1.36 trillion.The annual tally was 14% higher than a year ago, though the May 2025 total was 9% less than the May 2024 shortfall.Surging financing costs were again a major…
It’s bullish when insiders invest their own money into their companies — especially when those executives and directors have a record of savvy timing. Source link
To the Editor:Thank you for “This Is What Autocracy Looks Like,” by Michelle Goldberg (column, June 11).Ms. Goldberg, I am not cowed, and I will be on the streets of Los Angeles in the peaceful “No Kings” protests on Saturday.I urge every Angeleno to join us — without violence, but with passionate free speech — to make these protests loud enough to send a clear, unequivocal message to the desperate wannabe despot in the White House:“We have the right to free speech, and you will never take it from us. We are the people, and the government is ours, not…
The concept of value investing was pioneered in the U.S. roughly a century ago. But lately, the approach has had far more success abroad. Source link
David Paul Morris/Bloomberg via Getty ImagesThe annual inflation rate increased slightly in May as an uptick in grocery inflation somewhat offset lower prices at the gasoline pump.And while inflation was relatively tame, economists said they expect President Trump’s tariff policy to raise consumer prices in coming months — and that there was already some evidence of their impact.The consumer price index, an inflation barometer, rose 2.4% in the 12 months through May, up from 2.3% in April, the Bureau of Labor Statistics said Wednesday.’Calm before the inflation storm’That increase to the annual inflation rate was largely due to a data…
Before Wall Street takes the low reading on U.S. inflation in May at face value, investors and economists want to see the result of the producer-price index for May. Source link
President Donald Trump’s proposal for a new savings account for children with a one-time deposit of $1,000 from the federal government just got an important stamp of approval.At the “Invest America” roundtable at the White House this week, several top CEOs, including Michael Dell and Goldman Sachs chief David Solomon, expressed support for “Trump Accounts,” which are part of the landmark Republican-backed “big beautiful bill” moving through Congress. The executives committed to contributing to the accounts of their employees’ children, and, in Dell’s case, matching the government’s seed money “dollar for dollar.”Still, policy experts and financial advisors question whether the provision is the most…
Four health-coverage options for Medicare beneficiaries who are hitting the road. Source link
From left, Cully Cavness, co-founder and operating chief of Crusoe, and Chase Lochmiller, Crusoe’s co-founder and CEO, appear at a Kent Denver School event in Englewood, Colo., on April 9, 2025. The two were recognized as distinguished alumni.CrusoeCloud infrastructure startup Crusoe, which is helping to build OpenAI’s Stargate data center project in Texas, said Wednesday that it has raised a $750 million credit line from Brookfield Asset Management.The new debt will go toward data centers, Nvidia chips and electrical and power generation infrastructure, Crusoe CEO Chase Lochmiller said in an interview.”We’re in a very capex-heavy business, which requires having significant…
As AI changes the modern workplace, business leaders need to make it a real part of their companies, says a new survey. Source link