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Sachs explained that the Trump administration’s emphasis on applying tariffs on rival governments would not impact the growth of China and Russia if international trade continues to follow WTO rules. Jeffrey Sachs Labels Tariffs as a Mistake, Disregards Effects in Global Trade The Trump administration’s tariff move and its subsequent effects on global trade continue … Read more
On April 12—just over two weeks prior—expectations surrounding a potential cut to the federal funds rate were in flux, with markets assigning a 39.8% probability that the U.S. Federal Reserve would lower the rate by 25 basis points. Fast forward to seven days ahead of the next Federal Open Market Committee (FOMC) gathering, and that … Read more
Kentucky Senator Rand Paul is pressing Congress to reclaim its taxing authority, arguing that President Donald Trump’s reliance on emergency powers to impose tariffs on dozens of countries violates both economic logic and the Constitution. Rand Paul Warns Emergency Tariffs Could Hand ‘Karl Marx’ Future Powers Paul on Tuesday touted a joint resolution that would … Read more
Canada’s Conservative party leader Pierre Poilievre was poised to win the election by a landslide, until U.S. President Donald Trump threatened to annex the country. Mark Carney Assumes Power After Trump Took Center Stage in Canada’s Federal Election Mark Carney, the shadowy former governor of Canada’s central bank, was elected as Prime Minister on Monday … Read more
U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock Market Stall Amid efforts to highlight President Trump’s policy achievements during his second … Read more
Figures reveal the PolitiFi market economy is valued at $3.3 billion, with the lion’s share of that total dominated by the official TRUMP and MELANIA tokens. Since their debut, these two coins have effectively eclipsed the broader PolitiFi sector, leaving much of the remaining field in their shadow. Old PolitiFi Favorites Collapse as TRUMP and … Read more
As the Trump Organization markets hats and shirts emblazoned with “Trump 2028 (Re-write the Rules),” a bet on the prediction platform Kalshi assigns a mere 14% probability to the prospect of Trump being permitted to pursue a third term. Third-Term Chatter Sparks Market Bets on Trump The 45th and 47th U.S. President, Donald Trump, has … Read more
U.S. President Donald Trump is reaffirming his commitment to tariffs, emphasizing that this approach could lead Americans who pay income tax to witness their taxes “substantially reduced, maybe even completely eliminated.” ‘External Revenue Service’ Incoming: Trump Eyes Elimination of Income Taxes Trump maintains that as tariff revenues accumulate, income taxes for American citizens could either … Read more
Last week marked three weeks of tariff drama, rate cut speculation, and crypto chaos, leaving markets—and market watchers—exhausted. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Markets Need To Catch Their Breath From Sunday through Friday morning, … Read more
Democrats are expressing growing dissatisfaction with U.S. President Donald Trump’s administration, and a senator from Georgia told attendees at a town hall that Trump’s latest meme coin gala event “rises to the level of an impeachable offense.” From Gaza Comments to Crypto Dinners, Trump Faces Growing Impeachment Calls On Friday, Sen. Jon Ossoff, D-GA, told … Read more
