Author: Daniel snow

Today we are going to talk about distractions, things that become part of the discourse almost as if they are meant to scare you out of stocks, and then they go away, buried in the prefrontal cortex somewhere, ready to be dusted off on time to magnify the next terror. Take yesterday’s left hook out of nowhere by President Donald Trump, bragging about doing something that would bust even this pathetic budget. It’s a distraction. It turned a good day into a bad one. But it was just a day. Or how about the debt downgrade by Moody’s last Friday.…

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Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.Michael Nagle | Bloomberg | Getty ImagesAmazon CEO Andy Jassy said Wednesday that the company hasn’t seen any signs of consumers tightening their wallets in the face of President Donald Trump’s sweeping tariffs.Jassy’s comments came during Amazon’s annual shareholder meeting, which was held virtually on Wednesday. “We have not seen any attenuation of demand at this point,” Jassy said during a question-and-answer portion of the meeting. “We also haven’t yet seen any meaningful average selling price increases.”Amazon and other retailers continue to digest the…

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WASHINGTON — House Republican leaders faced a last-minute revolt Wednesday by members of the party’s hardline conservative faction, who opposed their latest attempt to win support from moderate members of the conference for President Donald Trump’s “big, beautiful” tax bill.As a pivotal meeting of the House Rules Committee entered its twelfth hour after starting at 1:00 a.m., members of the House Freedom Caucus reiterated their objection to Speaker Mike Johnson’s self-imposed Memorial Day deadline for passing the bill on the House floor. “I don’t think it can be done today. I mean, the runway is short today. The leadership is…

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