Trump Rings the Bell at the NYSE President-elect Donald Trump rang the opening bell Thursday at the New York Stock Exchangeâmoments after being named TIME Magazineâs Man of the Year. âThis is an honor, a tremendous honor,â Trump said. âUsually, they donât coordinate the man of the year, or person of the year, with the
Breitbart Business Digest: Are Tariffs Really Coming for Your Christmas Presents?
December 12, 2024 by
AP Photo/Martin Meissner Trumpâs Tariffs Wonât Raise Toy Prices Tariffs will not be the Grinch who steals Christmas from Americaâs boys and girls. The majority of toys sold in the U.S. are made in China. This has led to alarmist warnings from toy executives and some retailers that steep tariffs imposed on Chinese goods would
Breitbart Business Digest: Inflation Is Still a Big Problem and the Fed Could Make It Worse
December 11, 2024 by
The Inflation Trend Is Not Our Friend The Federal Reserve is about to triple down on its September rate cut mistake by reducing its benchmark for a third consecutive time next week. The federal funds futures market currently implies a 95 percent chance of a Fed cut at the December meeting of the Federal Open
Breitbart Business Digest: Younger Americans Are Far More Positive About the Economy After Trump’s Win
November 27, 2024 by
Trump and Vance Are Newly Popular Among Younger Voters The youth of America love a winner. Donald Trump and JD Vance saw a surge in their favorability rating among voters aged 18 to 29 following their victory on Election Day, survey data from the Economist and YouGov show. Younger voters also became significantly more optimistic
Breitbart Business Digest: Trump Will Love the Fed Doves
November 15, 2024 by
October Inflation Shows the September Cut Was a Mistake The October inflation report can be added to the growing body of evidence that the Federal Reserve cut rates prematurely in September. At first glance, the report seems rather mild. The consumer price index (CPI) rose 0.2 percent, the Department of Labor said Wednesday. That matches
Breitbart Business Digest: Nobel Laureates Back Kamala, But Voters Trust Trump to Fix the Economy
October 25, 2024 by
Trumpâs Economic Revolution vs. Harrisâs Elitist Rearguard William F. Buckley famously said heâd rather trust the government of the United States to the first 4srcsrc names in the Boston phone book than the faculty of Harvard University. That sentiment was brought to mind by the arrival, just two weeks ahead of the presidential election, of
Breitbart Business Digest: What We Saw at Trump’s Trade Revolution in Chicago
October 19, 2024 by
Trumpâs Tariffs: A Bold Strategy That Undercuts the Critics As we discussed in Thursdayâs Breitbart Business Digest, Donald Trump took the stage this week at the Economic Club of Chicago and made a clear, unapologetic case for tariffs. While the media has focused on Trumpâs colorful claims about his love for tariffsââTo me the most
Breitbart Business Digest: The Jobs Report Was Even Worse Than It Seemed
September 7, 2024 by
A No Good, Very Bad, Horrible Jobs Report If you squint at the latest jobs report, you might find something to cheer about. But if you look at it with clear eyes, what you really see is an economy downshifting and bracing for impact. The Bureau of Labor Statistics told us Friday that employers added
Breitbart Business Digest: U.S. Native-Born Workers Work More Intensively Than Immigrants
August 21, 2024 by
The Assimilation of Immigrant Workers into U.S. Workers The image of the hardworking immigrant is one of the most enduring narratives of the American experience. Unfortunately, new research suggests this is more of a myth than reality. And the reality means that the damage to workers at the lower-end of our economy is likely to
Breitbart Business Digest: Kamala Harrisâs Inflationary Legacy
August 15, 2024 by
Inflationâs Architect: Kamala Harris and the 21% Grocery Price Hike Inflation is the gift that keeps on givingâif youâre in the business of writing headlines, that is. For everyone else, especially those navigating the grocery aisles, itâs an unwelcome houseguest that refuses to leave. And who, you might ask, sent out the invite? Enter Kamala
Breitbart Business Digest: Debate Showed Biden Still Trapped in His Old Economic Lies
June 29, 2024 by
Biden Lives in a World of Economic Lies President Biden demonstrated again last night that he is completely untethered from the truth about the American economy and unprepared to discuss the nationâs economic challenges. All the public opinion surveys show that inflation is the top issue for voters, so it was natural that the CNN
Breitbart Business Digest: Juneteenth Gloom Is in the Air, Especially for Democrats
June 28, 2024 by
Itâs Juneteenth. You MUST Celebrate. Happy Juneteenth to those who celebrate, which is everyone on Wall Street, apparently. Markets were closed today, but we wanted to give you a Breitbart Business Digest anyway. Juneteenth, which is also known as âEmancipation Day,â commemorates the day in 1865 when Union soldiers informed black Americans in Galveston, Texas
Breitbart Business Digest: Nvidia and the AI Gold Rush
April 29, 2024 by
A Rose by Any Other Name Would Smell as Sweet, But Nvidia Smells Like Money The joke going around the desks of financial advisers this week has a young girl asking her father about her name. âDad,â says the daughter. âWhy is my middle name Rose?â âItâs because your mother loves roses more than almost
Breitbart Business Digest: All Eyes Turn to This Week’s Inflation Report
April 26, 2024 by
The Jobs Report Was Inconclusive, So the Nationâs Eyes Turn to CPI Last weekâs inconclusive jobs data means that this weekâs inflation data has the potential to be very consequential. The Department of Labor reported that the economy added a much higher-than-expected 275,000 jobs in February, according to the establishment survey, but there were large
Breitbart Business Digest: Inflation Is Back and Rising Again
April 26, 2024 by
Weâre No Longer Headed Toward the âLast Mileâ on Inflation Inflation accelerated for the fourth straight month in February, confirming the upward momentum in prices and further undermining the case for rates cuts from the Federal Reserve this year. The consumer price index (CPI) rose 0.4 percent from January, a tick above the 0.3 percent
Breitbart Business Digest: Immigration Will Not Lower Inflation
April 25, 2024 by
Border Chaos Has Added Millions of Foreigners to Labor Force Immigration is not going to bail America out of our inflation mess. The United States is experiencing an enormous surge of migrants. The Department of Labor says that the labor force has increased by 4.6 million foreign born workers during the Biden administration, including an
Breitbart Business Digest: Powell Speaks and States the ObviousâNo Rate Cuts Are Coming
April 17, 2024 by
Powellâs Progress Jerome Powell spoke today from our nationâs capital and indicated what we all know to be true: The Fed has no business cutting rates at this time. âThe recent data have clearly not given us greater confidence and instead indicate that it is likely to take longer than expected to achieve that confidence,â
Breitbart Business Digest: A Tax Day Reminder That Elections Matter
April 16, 2024 by
Tax Day Cometh⌠We made it, fam! Itâs another Tax Day. For some, April 15 is a day that can fill an American citizen with pride. It shouldnât. Your money is almost certainly getting squandered by the federal government in ways both well known and mysterious. (If you need examples, see Breitbart.com literally any day
Breitbart Business Digest: Jerome Powell Plays Rate Cut Santa Claus
February 13, 2024 by
This Is What It Sounds Like When Doves Laugh âIt would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease.â Fed Chairman Jerome Powell spoke those words on December 1 at a fireside chat at Spelman College. The markets rejected that idea
Breitbart Business Digest: Is Improved Consumer Sentiment All About Democrats Hating Trump?
January 30, 2024 by
The Shaky Edifice of Improved Consumer Confidence Americans are feeling better about the economy than they have in years. Or at least Democrats are. Consumer confidenceâas measured by the Conference Boardâs monthly surveyâsurged to a two-year high in January, the third straight monthly increase. The assessment of current economic conditions soared to the best reading
Breitbart Business Digest: Wall Street Expects More Cuts Than the Fed Does
November 8, 2023 by
Wall Street Is a Haven for Doves Wall Street has not let go of its conviction that the Federal Reserve will cut interest rates next year. When Federal Reserve officials met last month, their Summary of Economic Projections showed a median expectation for the target rate to be 5.6 percent at the end of this
Breitbart Business Digest: What the Jobs Report Means for 2024
October 2, 2023 by
A Choose Your Own Adventure Jobs Report The conventional wisdom about Fridayâs disappointing jobs data was that there was a little something for everyone. And, for once, the conventional wisdom is right. The headline jobs number fell below Wall Streetâs expectations, suggesting a softening of the labor market. The average workweek slipped as well, which
Breitbart Business Digest: Declining Job Openings May Help Bring Down Inflation
September 28, 2023 by
A Soothing JOLTS The doves got everything they could have wished for out of the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. Job openings fell to 8.827 million in the August report, which estimates vacancies as of the last business day of July. This is the first time openings have fallen below 9
Breitbart Business Digest: Can Republicans Meet the UAW Strike Challenge?
September 27, 2023 by
A Choice Not an Echo on the UAW Strike Think of tonightâs debate as test of whether the GOP will offer the American people a choice for which party can defend workers best or an echo of a misremembered past. The Republican Party has talked a very good game in recent years about representing the
Breitbart Business Digest: Powell’s Jackson Hole Speech Gives a Whiff of a Clash with Biden White House
August 25, 2023 by
From J-Hole to the Fox Holes Thereâs a clash coming between the Federal Reserve and the Biden administration. President Joe Biden has been touting what he says are the accomplishments of âBidenomics.â He has claimed credit for inflation coming down, the strength of the jobs market, and investment in domestic manufacturing and infrastructure. He celebrates
Breitbart Business Digest: The Recession Will Have to Wait Till Next Year
August 21, 2023 by
Wait Till Next Year The most heralded recession in American history will probably not arrive until next year. The U.S. economy is turning out to be far more resilient in the face of the Fedâs aggressive rate hikes than most analysts had projected. Whatâs more, several of the big risks that were threatening to drag
Breitbart Business Digest: The Case Against Recession Is Building
June 1, 2023 by
Some Constructive Criticism of the Recessionista Thesis âThe house donât fall when the bones are good,â we are instructed by that sage of Arlington, Texas, and Nashville, Tennessee, Marin Morris. The bones of the U.S. economy are looking good as we hurtle toward the warming months, which means the house of the U.S. economy is
Breitbart Business Digest: The Fed’s 2023 Map Is Not the Territory
February 9, 2023 by
iStock/Getty Images The Federal Reserve plotted a course for next year that includes sluggish growth, declining yet persistently high inflation, and at least a few more interest rate hikes. Itâs a good idea to study this Fed map closely, but it is also prudent to remember that the map is not the territory. The Fed
Breitbart Business Digest: A Bad Day to Be a Billionaire Oligarch Savior of Humanity
November 19, 2022 by
Are you sitting down? The economy might be in a recession. It was not a great day to be a billionaire oligarch savior of humanity. FTXâs Sam Bankman-Friedâs humiliation continued. It was reported that he lent himself $1 billion through his hedge fund; he cashed out $3srcsrc million last year and told investors it was a partial reimbursement, and
Breitbart Business Digest: Woke Capitalism Is Alienating Republicans
November 17, 2022 by
President Joe Biden said on Monday that the American people should have confidence that âweâre on the right trackâ and that we are âseeing real progressâ in the fight against inflation. The Federal Reserve Bank of New Yorkâs latest survey indicates that Americans actually are pretty confident that we have seen the worst of inflation.
