Economics Archives - Page 3 of 276

3 minute read

Trump’s Tax Agenda Could Lead To 133% Tariffs And Inflation Spike, Says Paul Krugman: ‘Just Ignorant’

June 14, 2:32 AM

After CNBC reported that presumptive Republican presidential candidate Donald Trump is considering replacing income taxes in the U.S. with additional import tariffs to offset the revenue shortfall, Nobel laureate and economist Paul Krugman shared his views on the matter through a series of posts on X, formerly known as Twitter, on Thursday.

TIP

2 minute read

No Income Tax, Yes To High Import Tariffs? Trump Floats Idea To CEOs, GOP Lawmakers

By Hayden Buckfire

June 13, 2:07 PM

Former President Donald Trump proposed an "all tariff policy" to replace income taxes in a meeting with CEOs and lawmakers, potentially benefiting the wealthy and harming low-income Americans.

AIRR

2 minute read

Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What’s Driving Markets Thursday?

By Piero Cingari

June 13, 1:31 PM

Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.

ADBE

2 minute read

Goldman Sachs Reaffirms September Rate Cut Forecast, Downplays Fed’s ‘Hawkish Surprise’

By Piero Cingari

June 13, 12:26 PM

Goldman Sachs reiterates forecast for 2 interest rate cuts in 2024, starting in Sept. Fed's June meeting showed progress on inflation, may lead to Sept. cut.

TLT

3 minute read

Ice Cold Producer Inflation Data Sparks Economist Reactions: ‘More Data In The Correct Direction’

By Piero Cingari

June 13, 10:51 AM

Fed may consider rate cuts after disappointing producer inflation in May, which was driven by decline in energy prices and weak transportation services.

TLT

1 minute read

‘WSJ Reporter Deemed Wrongfully Detained Is Indicted Under Russian Espionage Laws’ – WSJ

By Benzinga Newsdesk

June 13, 10:02 AM

https://www.wsj.com/world/russia/wsj-reporter-deemed-wrongfully-detained-is-indicted-under-russian-espionage-laws-a1d594a6 Russian prosecutors said they have approved an indictment of Evan Gershkovich, the Wall

SPY

2 minute read

Producer Inflation Rise Less Than Expected, Jobless Claims Soar: Thursday’s Economic Digest

By Piero Cingari

June 13, 8:43 AM

May producer inflation report shows less than expected rise, boosting optimism for sustained decrease in price pressures, while jobless claims rise.

QQQ

3 minute read

Wall Street Poised To Extend Record Run On Tech Strength, Tesla Soars, GameStop Rebounds: Analyst Says ‘Bull Market Has Legs Left’

By Shanthi Rexaline

June 13, 7:45 AM

Futures trading suggests a mixed start on Thursday, with tech stocks potentially helping to weather profit-taking-induced weakness. Broadcom Inc.

ADBE

3 minute read

Fed Chair Powell Tempers Market Excitement: ‘We Want To Gain Further Confidence’ On Inflation

By Piero Cingari

June 12, 3:50 PM

Powell dampens enthusiasm for rate cuts, says more data needed for confidence. Fed holds rates steady as labor market improves.

GLD

2 minute read

Fed Holds Rates Steady: Projections Show Fewer Rate Cuts, Higher Inflation Outlook

By Piero Cingari

June 12, 2:14 PM

The Federal Reserve kept interest rates unchanged for the 7th consecutive meeting, but forecasts suggest fewer rate cuts and slightly higher inflation.

QQQ