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Living in the Now, with John Doe
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Social Security and Medicare Boards of Trustees
Social Security and Medicare Boards of Trustees SUMMARY OF THE 2024 ANNUAL REPORTS The Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs each year. This document summarizes the findings...
Pentagon fails 7th audit in a row, but CFO says progress is being made
Adam ZakiReporter In what would be a CFO’s worst nightmare, the Department of Defense (DoD) has failed its seventh audit in a row since its first in 2018. While the consequences of audit failures have caused major issues for private businesses, the country’s largest...
US heading towards economic ‘heart attack’ if debt is not cut soon: World’s largest hedge fund founder
The United States is currently in a "death spiral" of debt that could lead to an economic "heart attack" if both parties do not work together to start cutting immediately, according to Ray Dalio, the founder of the world's largest hedge fund. During a recent...
Glut of New Houses in the South is Bigger than During the Housing Bust
Prices Are Still Way too High. Something has to give. By Wolf Richter for WOLF STREET. Yesterday, we looked at the surge of new completed “spec” houses for sale, and at the surge of new houses for sale at all stages of construction, for the US overall. Now we’ll look...
The stock market gauge named after Warren Buffett just hit an all-time high, sending a warning worse than before the dot-com bubble burst
By Paolo Confino Market indicator that guides much of the investment philosophy of vaunted value investor Warren Buffett is signaling the stock market could be significantly overvalued. One of Berkshire Hathaway chairman Warren Buffett’s favorite market metrics is...
Fed’s Williams says tariffs are pushing up inflation, and he expects even higher prices in coming months
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams said Wednesday.
Meme-stock mania returns as retail traders pump shares of this heavily shorted pandemic-era darling
Until very recently, shares of Opendoor Technologies Inc. had largely been left for dead. But over the past week, retail traders swapping stock tips on social media have helped bring them back to life.
Is Trump threatening to fire Jerome Powell just to bury the Jeffrey Epstein story? Sure looks like it.
Trump is a maestro at news management
Trump blasts trade deficits in goods as a big threat to the U.S. Why economists are dismayed.
With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 largely to tackle an issue he’s raised for decades — trade deficits.
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