Author: admin

Elon Musk and Commerce Secretary Howard Lutnick watch as President Donald Trump walks to Marine One … [+] at the White House.Getty Images Trump administration officials have recently called for removing government expenditures from the nation’s measure of gross domestic product. GDP is famously the sum of national spending on consumption (C), investment (I), government purchases (G) and net exports (NX). So, the proposal would be to drop the “G” from U.S. GDP. Commerce Secretary Howard Lutnick and Elon Musk have expressed support in TV interviews and on social media for the idea. Yet, the underlying premise makes little sense.…

Eight years ago, President Donald Trump spoke about the U.S.-Canada relationship in glowing terms.He hosted Prime Minister Justin Trudeau at the White House in February 2017 for one of his first joint appearances alongside a foreign leader. Trump opened by noting the nations “share much more than a border,” highlighting “the special bonds that come when two nations have shed their blood together — which we have.””America is deeply fortunate to have a neighbor like Canada,” Trump said. “We have before us the opportunity to build even more bridges, and bridges of cooperation and bridges of commerce.”Fast-forward to Thursday, weeks…

NEW DELHI: England batsman Harry Brook has been banned from the Ind­ian Premier League for two years after he pulled out at the last minute to focus on international cric­ket, local media reported Friday. The 26-year-old, considered a frontrunner to repl­ace Jos Buttler as England’s white-ball captain, was signed to Delhi Capitals for the IPL season beginning next week. Brook also withdrew from his contract with the Delhi side last season after the death of his grandmother. The England and Wales Cricket Board (ECB) has been informed about Bro­oks’s ban, an unnamed official from the Board of Control for Cricket…

Songsak Rohprasit | Moment | Getty ImagesWhen saving for retirement, it’s easy to funnel money into a pre-tax 401(k) plan or individual retirement account without planning for future taxes. Those pre-tax funds, however, can be handy in some cases, experts say.Often, investors roll pre-tax 401(k) accounts into traditional IRAs, and the withdrawals in retirement trigger regular income taxes, depending on your tax bracket. “Your IRA is an IOU to the IRS,” certified public accountant Ed Slott said during a session last week at the Horizons retirement planning conference in Coronado, California.  More from Personal Finance:Here’s how the SALT deduction could change amid…

CNN  —  Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month. The Producer Price Index, a wholesale inflation gauge that is being closely watched for tariff-related impacts, showed that price hikes slowed substantially in February. The PPI index was unchanged from January, and rose 3.2% for the 12 months ended in February, according to Bureau of Labor Statistics data released Thursday. That marked a sharp slowdown from January, when prices rose 0.6% and 3.7% for those respective periods. Economists were expecting wholesale-level inflation to cool amid falling energy prices, and that was the case: Energy…

A RNLI red flag for danger fluttering in high winds at Fistral Beach in Newquay in Cornwall. (Photo … [+] by: Gordon Scammell/Loop Images/Universal Images Group via Getty Images)Loop Images/Universal Images Group via Getty Images If you have even a light touch on the pulse on the economy you have probably noticed things feel a little weak. And by weak, I mean the kind of slow-motion collapse economists like me get paid to anticipate. I’ve spent decades teaching economics, and one of the most common questions I get is: “Are we heading into a recession?” I see five waving red…

President Donald Trump’s suspended tariffs on many goods from Canada and Mexico are set to take hold April 2, with more import taxes on other products and countries coming soon. That means consumers may start to see price hikes at the grocery store within weeks, especially for some of the least shelf-stable items.Imports make up an increasing share of the fresh produce sold in the United States — around 60% of fruits and 40% of vegetables, according to 2023 data from the U.S. Department of Agriculture. Trump has hit China with 20% higher tariffs than those already in force. That…

Chuck E. Cheese wants you to stop by as frequently as you pick up groceries, and it’s selling subscription plans to sweeten the pitch. The 47-year-old pizzeria and arcade chain has emerged from bankruptcy with renovated locations, a slew of digital upgrades and a membership program that it hopes will prove both affordable and habit-forming. The goal isn’t to be just someplace to take your kids once or twice a year for birthday parties. It’s to turn Chuck E. Cheese into a routine recreational option that can compete with Netflix and the neighborhood playground alike. “For us to win this…

According to on-chain data shared by analyst Ali Martinez, this sudden burst of selling pressure amongst miners comes just as Dogecoin price is under pressure, hovering around $0.17 at press time. Due to its low transaction fees, meme-driven appeal, Elon Musk has fervently supported Dogecoin. In April 2021, he referred to the meme coin as the “people’s crypto” and even included it in payments linked to Tesla and SpaceX. According to CryptoQuant metrics, the miner offloading fits within the larger context of a general downtrend in Dogecoin’s price. DOGE has dropped sharply from mid-February highs of more than $0.30, and…

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in … [+] Washington, DC. Photo by OLIVIER DOULIERY/AFP via Getty ImagesAFP via Getty Images Consumer inflation is one of the most important economic reports this week. Given the downside risks to growth, a recent tepid jobs report, and falling confidence on the back of tariff and trade uncertainty, easing inflation could give the Federal Reserve the license it needs to cut interest rates sooner rather than later. Consumer Inflation Is The Fed’s Top Priority This week’s release of the February Consumer Price Index report…