💵 Money

Economic Pressures Drive Gold and Silver Sales in 2025
November 30 @ 12:00pm ET  
Economic pressures in 2025 are driving Americans to sell gold and silver, with prices hitting highs of $4,200 for gold. In Phoenix, individuals like Jakob are cashing in to cover holiday costs amid tight budgets.
Skyrocketing Beef Prices Hit Record Highs as US Cattle Herds Shrink
October 3 @ 6:31pm ET  
Beef prices in the US have hit record highs, with steak up 16.6% and ground beef rising 12.8% year-over-year. A shrinking cattle herd, at its lowest in 70 years, and strong demand are driving costs amid drought and supply issues.
US Private Payrolls Drop Sharply in September, ADP Report Reveals
October 1 @ 11:07am ET  
US private payrolls dropped by 32,000 in September, per the ADP report, marking the largest decline since March 2023. This unexpected downturn raises concerns amid a government shutdown limiting key economic data.
Social Security and IRS End Paper Checks: Key Changes on September 30
September 29 @ 4:07pm ET  
Starting September 30, Social Security and IRS will stop issuing paper checks, moving to electronic payments. Act now to set up direct deposit or a prepaid card to avoid delays.
Treasury and IRS Unveil 'No Tax on Tips' Deduction Rules for 2025
September 19 @ 11:09am ET  
The Treasury and IRS released details on the 'No Tax on Tips' deduction, allowing up to $25,000 in tax relief for tipped workers from 2025 to 2028. The rules list nearly 70 eligible jobs and specific tip criteria.
Homeowners Rush to Refinance as Mortgage Rates Hit 11-Month Low
September 17 @ 1:03pm ET  
Homeowners are rushing to refinance as mortgage rates drop to an 11-month low of 6.39%. Refinance applications surged nearly 60%, driven by economic factors and anticipation of Federal Reserve rate cuts.
Trump Calls for Semiannual Earnings Reports to Boost Business Focus
September 15 @ 4:05pm ET  
President Trump proposes shifting from quarterly to semiannual earnings reports to save costs and focus on long-term growth. This major change, pending SEC approval, has sparked debate over transparency and market impacts.
Financial Watchdog Disbands Climate Panels in Policy Shift
September 12 @ 2:02pm ET  
The Financial Stability Oversight Council has disbanded two Biden-era climate advisory panels. This move signals a shift towards growth and systemic risk over climate oversight.
Social Security COLA Set for 2.7% Increase in 2026, Experts Predict
September 11 @ 6:34pm ET  
Social Security's 2026 COLA is projected at 2.7%, up from 2.5% in 2025, per The Senior Citizens League. This could mean an extra $54 monthly for the average recipient, though concerns remain about rising costs.
August Producer Prices Drop, Fueling Federal Reserve Rate Cut Speculation
September 10 @ 12:04pm ET  
U.S. producer prices unexpectedly fell by 0.1% in August, fueling speculation of a Federal Reserve rate cut. This drop, driven by cooling services inflation, has boosted market optimism and set new record highs.
Cracker Barrel Reverses Logo Change Amid Customer Outcry
August 27 @ 5:10pm ET  
Cracker Barrel has reversed its decision to change its logo after fierce customer backlash. The return to the original 'Uncle Herschel' design aims to restore trust and nostalgia.
Federal Reserve Hints at September Rate Cut: Impact on Finances
August 25 @ 7:03pm ET  
Federal Reserve Chair Jerome Powell hinted at a possible interest rate cut in September, citing shifting risks from inflation to employment. This could impact borrowing costs and savings returns for many Americans.
Trump's Tariffs Projected to Slash Deficit by $4 Trillion, CBO Reports
August 22 @ 3:35pm ET  
Trump's tariffs could cut the U.S. deficit by $4 trillion over a decade, per the CBO report. However, concerns linger about inflation and slower economic growth as potential trade-offs.
Economic Uncertainty Impacts Small Business Lending in 2025
August 18 @ 1:01pm ET  
Small businesses face mixed signals in lending amid economic shifts in 2025. A cautious approach to hiring and spending reflects uncertainty, as lending decreases monthly but grows yearly.
US Retail Sales Surge in July Amid Strong Consumer Spending
August 15 @ 12:31pm ET  
US retail sales surged by 1.0% in July, exceeding expectations and showing strong consumer demand. Despite inflation, spending remains robust, though a softening job market raises concerns.
US Jobless Claims Drop Slightly Amid Labor Market Uncertainty
August 14 @ 11:31am ET  
US jobless claims dropped to 224,000 for the week ending August 9, signaling slight improvement. However, labor market uncertainty persists with slow job creation and economic challenges ahead.
US Wholesale Inflation Surges 0.9% in July, Raising Economic Concerns
August 14 @ 10:31am ET  
US wholesale inflation surged 0.9% in July, far exceeding expectations and raising concerns about consumer prices. The annual rate hit 3.3%, prompting uncertainty over Federal Reserve rate decisions.
Wall Street's Sudden Shift to Crypto: Stablecoins in Focus
August 13 @ 8:16pm ET  
Wall Street banks like JPMorgan and Bank of America are pivoting to embrace stablecoins, promising faster transactions. Yet, this shift raises concerns over consumer protections and financial stability.
US National Debt Surpasses $37 Trillion, Raising Economic Concerns
August 13 @ 12:31pm ET  
The US national debt has surpassed $37 trillion, far ahead of prior projections, raising alarms about fiscal sustainability. A recent debt limit increase to $41.1 trillion in July offers temporary relief but underscores ongoing challenges.
Bill Ackman Pushes Fannie Mae-Freddie Mac Merger as Trump Eyes Historic IPO
August 13 @ 7:31am ET  
Bill Ackman advocates merging Fannie Mae and Freddie Mac to cut mortgage rates as President Trump plans historic IPOs. This could reshape the $12 trillion mortgage market with a potential $30 billion raise.
Goldman Sachs Warns: Tariff Costs to Hit US Consumers Hard by Year-End
August 13 @ 3:34am ET  
Goldman Sachs predicts a sharp rise in tariff costs for US consumers, jumping from 22% to 67% by year-end. This shift from businesses to households could mean higher prices for everyday goods.
Trump's Gold Tariff Exemption Soothes Investor Concerns
August 12 @ 5:31pm ET  
President Trump announced that gold imports will be exempt from tariffs, calming market fears after a U.S. Customs ruling drove futures to record highs. The decision led to a 2.5% drop in gold futures, signaling renewed investor confidence.
Federal Reserve Governor Advocates for Three Rate Cuts in 2025 Amid Jobs Concerns
August 12 @ 8:01am ET  
Federal Reserve Governor Michelle Bowman supports three rate cuts in 2025 due to weak jobs data. Her dissent highlights growing concerns over labor market fragility and economic slowdown.
Ford Overhauls EV Strategy Amidst Billions in Losses
August 11 @ 8:15pm ET  
Ford Motor Company is revamping its electric vehicle strategy after reporting $5.08 billion in losses for 2024. With plans for cheaper components and a new pickup by 2027, Ford aims to curb projected $5.5 billion losses in 2025.
Trump's Reaction to Weak Jobs Report Sparks Controversy
August 8 @ 12:30pm ET  
President Trump reacted strongly to a weak jobs report showing only 73,000 new jobs in July, firing the BLS head. His promotion of alternative economic data in the Oval Office has sparked controversy over data credibility.
Harley-Davidson Appoints Artie Starrs as CEO to Tackle Sales Decline
August 5 @ 7:32am ET  
Harley-Davidson has named Artie Starrs, former Topgolf CEO, as its new president and CEO effective October 1. This move aims to address falling sales and drive a financial overhaul for the iconic motorcycle maker.
US Consumer Spending Surges in June, Bolstering Economic Strength
August 4 @ 1:01pm ET  
US consumer spending surged by 0.3% in June, boosting the economy with a $69.9 billion increase. Despite trade uncertainties and inflation, this resilience offers hope for sustained growth.
US Stock Market Plunges on August 1 Amid Tariff News and Hiring Slowdown
August 4 @ 12:01pm ET  
The US stock market faced its worst day since May on August 1 due to a hiring slowdown and new tariffs by President Trump. Major indexes like the S&P 500 fell 1.6%, Dow dropped 1.2%, and Nasdaq lost 2.2% amid economic concerns.
Truth Social Achieves Milestone with Positive Cash Flow and $3B in Assets
August 4 @ 8:05am ET  
Truth Social's parent company reports its first positive cash flow and $3.1 billion in assets for Q2 2025. It also holds a $2 billion Bitcoin trove while planning expansion through mergers and acquisitions.
Fed's Inflation Measure Surges Beyond Expectations in June
August 1 @ 7:01pm ET  
The Fed's preferred inflation gauge, the PCE price index, rose to 2.6% annually in June, exceeding forecasts. This persistent rise may delay rate cuts as policymakers focus on the 2% target.
US Stock Indexes Stumble on July 31 Amid Health Care Sector Woes
August 1 @ 12:01pm ET  
US stock indexes fell on July 31, with the S&P 500 down 0.4 percent and the Dow losing 0.7 percent. Health care stocks led the decline amid White House scrutiny of pharmaceutical pricing.
Federal Reserve Holds Rates Steady Amid Rare Dissent and Political Tension
July 31 @ 4:15pm ET  
The Federal Reserve kept interest rates unchanged at 4.25%-4.5% on July 30, marking the fifth meeting without change. Two officials dissented, a rare split in 32 years, amid political pressure for cuts.