By Robert Romano The U.S. economy was in much worse shape than previously thought during the 2024 election between President Donald Trump and former Vice President Kamala Harris, revised labor markets data from the Bureau of Labor Statistics shows, with a downward revision of almost 1 million from jobs from the establishment survey of employers as jobs figures published to the American people […]

By Robert Romano “[S]uccessive interventions by the Fed during and after the financial crisis created what amounted to a de facto backstop for asset owners. This led to a harmful cycle whereby asset owners came to control an ever-larger portion of national wealth. And within the class […]

By Robert Romano The unemployment level reached 7.38 million in August, 1.6 million above its January 2023 low and its highest point since October 2021, according to the latest data from the Bureau of Labor Statistics, continuing a steady uptrend for more almost three years. The unemployment rate rose to 4.3 […]

By Robert Romano Recently, Treasury Secretary Scott Bessent was touting that the U.S. is expected to haul in some $500 billion of additional tariff revenue a year or more , stating, “I think we could be on our way well over half a trillion, maybe towards a trillion-dollar number. This administration, your administration, has made a meaningful dent in the budget deficit.” All thanks to […]

By Robert Romano President Donald Trump raised many eyebrows with his recent deal with Intel to accept on behalf of the U.S. a 10 percent equity stake in Intel, the publicly traded chip maker worth $108 billion. According to an Aug. 22 statement by Intel , the investment was worth about $8.9 billion and was […]

By Manzanita Miller As inflation slows and Americans begin to reap the benefits of President Donald Trump’s America First approach to creating jobs for native-born workers, voters are rallying behind the president’s approach.   A new survey shows a majority of voters, including a majority of Hispanics, […]

By Robert Romano One provision in the One Big Beautiful Bill Act expanded the use of Pell Grants for trade schools with short term certificates — between 150 and 599 clock hours at a minimum of eight weeks — that could help pay for trade school certifications […]

By Robert Romano Consumer inflation grew by 0.2 percent in July and is 2.7 percent above last year’s level according to the latest data from the Bureau of Labor Statistics , relatively flat from the prior month as food and energy prices continue cooling amid boosted production globally, down from 2.9 percent when President Donald Trump took office […]

By Robert Romano President Donald Trump on Aug. 7 via executive order directed federal departments and agencies to take on debanking by financial institutions, which deny access to checking accounts, payment processors and other financial services due to political grudges and other viewpoint-based discrimination that has taken place against small businesses, individuals and […]

By Robert Romano The U.S. unemployment rate in July rose to its highest level since November 2021 at 4.248 percent according to data compiled by the Bureau of Labor Statistics . The number of people employed also contracted 260,000 to 163.1 million, its lowest level this year after reaching 163.96 million in April. This is what usually happens when inflation declines historically — after falling from […]