The "Mar-A-Lago Accord" Is Now Underway
The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)
Average long-term US mortgage rate ticks up for second straight week, to 6.34%
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year.
Federal shutdown cuts off economic data vital to policymakers and investors
WASHINGTON (AP) — The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their at a time of unusual uncertainty about the direction of the U.S. economy.
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Trump finds new trade targets -- pharmaceuticals, kitchen cabinets and heavy trucks
WASHINGTON (AP) — Naturepedic, a mattress and furniture company based outside Cleveland, has been planning to introduce an upscale upholstered headboard late this year or early in 2026.
US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth
WASHINGTON (AP) — The U.S. economy expanded at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its of second-quarter growth.
Why This Crypto Skeptic Had a Change of Heart - Ad
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Federal Reserve wrestles with how many interest rate cuts to make and how fast
WASHINGTON (AP) — With the Federal Reserve widely expected Wednesday to reduce its by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?
Russia cuts interest rate to 17% as wartime economy slows while deficit grows
Russia's central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the increases the budget deficit.
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Asian shares rise after Japan's prime minister resigns
TOKYO (AP) — Asian shares mostly rose with Japan's benchmark jumping higher in Monday morning trading, despite the looming political uncertainty after Prime Minister Shigeru Ishiba announced last night he was stepping down as prime minister and head of his party.
Trump's job market promises fall flat as hiring collapses and inflation ticks up
WASHINGTON (AP) — The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold.
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US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth
WASHINGTON (AP) — The U.S. economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump’s trade wars.
A look at Nvidia's latest results and its prominence in the stock market, by the numbers
Nvidia reported a 56% increase in second-quarter revenue Wednesday and a 59% rise in net income compared to a year ago. However, sales in its main data center division came in slightly below Wall Street estimates and the stock fell in after-hours trading.
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Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
WASHINGTON (AP) — Now that Federal Reserve Chair Jerome Powell has that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's .
Why the Federal Reserve's independence matters
WASHINGTON (AP) — President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington.
The "Mar-A-Lago Accord" Is Now Underway - Ad
The global order is in chaos. And according to 40-year market veteran Dr. David Eifrig, the biggest controlled demolition of the old monetary order in history could now be here, too. That means if you don't take action today, your wealth could decline by 40%... (Yes, even your cash savings.)
Business News Digest
AP Business Digest
China's economy lags in July under pressure from tariffs and a weak property market
BANGKOK (AP) — China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday.
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Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen
HANOI, Vietnam (AP) — Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, declared the arrival of “a new era of development” late last year. The speech was more than symbolic— it signaled the launch of what could be Vietnam’s most ambitious economic overhaul in decades.
The Bank of England cuts its main interest rate to 4%, the lowest level since March 2023
LONDON (AP) — The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.
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It's Trump's economy now. The latest financial numbers offer some warning signs
WASHINGTON (AP) — For all of President Donald Trump’s promises of an economic “golden age,” a this week told a potentially worrisome story as the impacts of his policies are coming into focus.
Dozens of countries with no deals face higher tariffs as trade deadline nears
WASHINGTON (AP) — Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Friday, a potential blow to the global economy, because they haven't yet reached a trade deal with the Trump administration.
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Business Lookahead
AP Business Digest
US consumer confidence improves slightly in July, but Americans remain concerned about tariffs
WASHINGTON (AP) — Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures.
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Trump is getting the world economy he wants -- but the risk to growth could spoil his victory lap
WASHINGTON (AP) — President is getting his way with the world economy.
Trump tariffs would hit Hungary hard despite warm relations with MAGA-friendly Orbán
BUDAPEST, Hungary (AP) — Hungary's populist prime minister has spent years building a close political relationship with U.S. President Donald Trump and aligning himself with the MAGA movement.
Want To Know the No.1 Crypto and the No.1 Stock? - Ad
The #1 crypto is just $3. Crypto analysts say a cash injection could drive it as high as $100 in the next year. The #1 stock is equally exciting. It's less than $10 but made a HUGE deal recently to work with Nvidia.
Companies pledge to invest more than $700 billion in Germany over the next 3 years
BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next three years, sending a signal of confidence in Europe's biggest economy as the new government tries to breathe new life into it.
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — President Donald Trump has in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.
Why This Crypto Skeptic Had a Change of Heart - Ad
He used to make fun of crypto. Now... he says one $3 crypto could rise to $92 by next year.
Cuban minister faces backlash for saying there are no beggars in Cuba
HAVANA (AP) — A Cuban minister sparked criticism Tuesday, including from the , after saying that there are no beggars in , only people disguised as such, and suggesting that those who clean windshields at crossroads have an “easy” life.
Cash is scarce in Gaza. Palestinians are paying a high price to get it
DEIR AL-BALAH, Gaza Strip (AP) — Cash is the lifeblood of the Gaza Strip’s , and like all other necessities in this — food, fuel, medicine — it is in extremely short supply.
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