Tag: Economic News
Ex-U.K. finance minister Kwasi Kwarteng to step down from politics
Kwasi Kwarteng, who served as the U.K.’s finance minister during the mini-budget crisis which saw Britain’s pound drop to its lowest ever levels against the [Read more about this post…]
Treasury yields dip after surge higher following strong data and hawkish Fedspeak
Bond yields dipped slightly early Tuesday having risen sharply in recent sessions as rate-cut expectations were pared. What’s happening The yield on the 2-year Treasury [Read more about this post…]
Small businesses are paying 100%+ of profits to Uncle Sam after tax-law change
Small businesses in sectors like software and manufacturing are panicking over the expiration of a critical tax deduction that they say could lead to mass [Read more about this post…]
Fed’s Goolsbee: Nothing needs to change in the data to justify rate cuts
The economic data doesn’t have to change in order to justify interest rate cuts, there just has to be more of it, Chicago Fed President [Read more about this post…]
There’s now a tax credit for installing an EV charger in your home—how it works
Many Americans know they can claim a federal tax credit of up to $7,500 when purchasing a qualifying electric vehicle. The list of qualifying cars [Read more about this post…]
Trump threatens tariffs exceeding 60% against Chinese goods
Donald Trump plans to restart a trade war with China if elected to a second term, saying Sunday he would impose tariffs on Chinese goods [Read more about this post…]
Powell says economy’s strength allows Fed to be careful about rate cuts
Federal Reserve Chairman Jerome Powell on Sunday said that the strength of the economy allows the Fed to be “careful” in deciding when to cut [Read more about this post…]
Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.
While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and [Read more about this post…]
How those strong jobs figures could weaken Biden’s re-election prospects
President Joe Biden issued a statement Friday celebrating the latest blowout jobs report. They showed “another month of strong wage gains and employment gains of [Read more about this post…]
Mark Zuckerberg could pay millions in taxes to the IRS on Meta dividends
Mark Zuckerberg delighted Meta shareholders and Wall Street this week with news of the social media giant’s first-ever dividend. The IRS may also be happy, [Read more about this post…]
