By Robert Romano The U.S. unemployment rate ticked up once again to 4.1 percent in June, according to the latest data compiled by the U.S. Bureau of Labor Statistics , in what is surely bad new for President Joe Biden and whomever might be considered to replace him on the ballot as the Democratic nominee should he step aside. No matter what, whether […]

By Robert Romano Producer prices fell 0.2 percent in May, led by a 5.4 percent drop in energy, according to the latest data from the Bureau of Labor Statics, and following 0 percent change in consumer prices reported a day earlier. Producer prices overall for the last year have […]

By Robert Romano Consumer prices were unchanged at 0 percent in May after a 2 percent drop in energy prices, with annual inflation the past 12 months now down to 3.3 percent from its June 2022 peak of 9.1 percent , according to the latest data from the Bureau of Labor Statistics. Overall, the 0 […]

By Robert Romano “[W]hen I get to office, we are going to not charge taxes on tips — people making tips. We’re not going to do it. And we’re going to do that right away first thing in office because it’s been a point of contention for […]

By Robert Romano 408,000 fewer Americans reported being employed as the U.S. unemployment rate rose to 4 percent in May, according to the latest data compiled by the Bureau of Labor Statistics’ household survey. That accounts for 783,000 fewer Americans reporting they have jobs since Nov. 2023 when  […]

By Robert Romano The House Energy and Commerce Subcommittee on Communications and Technology held a hearing on May 22 entitled, “Legislative Proposal to Sunset Section 230 of the Communications Decency Act” to discuss proposed draft legislation by House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-Wash.) and Ranking Member Frank Pallone, Jr. (D-N.J.), the “Section 230 Sunset Act,” that would end  Section 230 of the Communications Decency Act […]

By Robert Romano “It would require Big Tech and others to work with Congress over 18 months to evaluate and enact a new legal framework that will allow for free speech and innovation while also encouraging these companies to be good stewards of their platforms. Our bill […]

By Robert Romano Consumer inflation remained elevated in April above the Federal Reserve’s 2 percent target range at 3.4 percent the last twelve months, according to the latest data from the Bureau of Labor Statistics (BLS) . Decreases in electricity (down 0.1 percent) and piped gas service (down 2.9 percent) were offset by increases in gasoline (up 2.7 percent) […]

By Robert Romano Panic mode is setting in for President Joe Biden and his struggling 2024 reelection bid as poll after poll shows Biden consistently trailing in swing states and nationally as albatross consumer inflation continues to outpace incomes for millions of Americans. A nationwide Financial Times-Michigan Ross poll taken May 2 to May 6 found a whopping 58 […]

By Robert Romano Don’t look now but the unemployment rate creeped up again to 3.9 percent in April, the latest data from the Bureau of Labor Statistics shows , rising from its April 2023 low of 3.4 percent. With it, the unemployment level itself is up 777,000 to nearly 6.5 million. A year ago, it was 5.7 million. The employment side of the equation , the last peak […]