15 days ago
Bitcoin critic Peter Schiff challenged President Donald Trump to a debate on the U.S. economy Saturday after Trump blasted Fox & Friends on Truth Social for featuring Schiff, accusing the show of “heading in a different direction.
Early Saturday morning, Trump erupted on Truth Social, complaining about Fox & Friends hosting Schiff, a financial commentator and radio personality who has been vocal about America’s affordability crisis.
Trump, who has dismissed the concept of an affordability crisis as a Democratic “con job,” bristled at giving Schiff a platform to make his case.
“Why would Fox
Early Saturday morning, Trump erupted on Truth Social, complaining about Fox & Friends hosting Schiff, a financial commentator and radio personality who has been vocal about America’s affordability crisis.
Trump, who has dismissed the concept of an affordability crisis as a Democratic “con job,” bristled at giving Schiff a platform to make his case.
“Why would Fox
15 days ago
Delta CEO calls United's premium investments 'smart' - The Points Guy
Executives at American Airlines and Delta Air Lines see more premium opportunities 2026.
Both carriers expect the strong demand for premium air travel — think everything from premium economy seats up to the new Flagship Suites on American's new Boeing 787-9P planes, where the "P" stands for "premium" — to continue into next year.
"We're going to have a great year being the top end of the premium stack in travel," said Ed Bastian, CEO of Delta, at a Morgan Stanley investor conference Wednesday.
Speaking later that same
Executives at American Airlines and Delta Air Lines see more premium opportunities 2026.
Both carriers expect the strong demand for premium air travel — think everything from premium economy seats up to the new Flagship Suites on American's new Boeing 787-9P planes, where the "P" stands for "premium" — to continue into next year.
"We're going to have a great year being the top end of the premium stack in travel," said Ed Bastian, CEO of Delta, at a Morgan Stanley investor conference Wednesday.
Speaking later that same
15 days ago
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These days, gauging the health of the economy is almost like trying to figure out how Schrödinger's cat is doing.
Depending on who you talk to, the economy might be on the upswing or trending downward: It’s showing promise but also headed for collapse.
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what
These days, gauging the health of the economy is almost like trying to figure out how Schrödinger's cat is doing.
Depending on who you talk to, the economy might be on the upswing or trending downward: It’s showing promise but also headed for collapse.
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what
15 days ago
Carnival has bounced back from COVID-era challenges.
Shares are more expensive than they look on the surface.
10 stocks we like better than Carnival Corp. ›
Long-term investing is the key to sustainable returns in the stock market, but sometimes it can backfire spectacularly. For example, if you purchased $1,000 of Carnival Corp. (NYSE: CCL) (NYSE: CUK) stock 10 years ago, you would have just over $500 today -- a loss of around 50%. That means more than a decade of growth and billions in stock buybacks essentially evaporated during the coronavirus pandemic.
The good news is that Carnival's
Shares are more expensive than they look on the surface.
10 stocks we like better than Carnival Corp. ›
Long-term investing is the key to sustainable returns in the stock market, but sometimes it can backfire spectacularly. For example, if you purchased $1,000 of Carnival Corp. (NYSE: CCL) (NYSE: CUK) stock 10 years ago, you would have just over $500 today -- a loss of around 50%. That means more than a decade of growth and billions in stock buybacks essentially evaporated during the coronavirus pandemic.
The good news is that Carnival's
15 days ago
Plans for a new £2.3bn acute hospital for part of Cambridgeshire seeing rapid population growth have been described as ambitious but necessary.
Cambridge University Hospitals NHS Foundation Trust (CUH), which operates Addenbrooke's Hospital, says that by 2040 it will need double the number of beds it currently has, and an emergency department five or six times the size.
It is already short of about 160 acute beds, and the new "radical" plans would offer more community support and would ideally see people attend hospital only for emergencies or specialist care that cannot be delivered locally
Cambridge University Hospitals NHS Foundation Trust (CUH), which operates Addenbrooke's Hospital, says that by 2040 it will need double the number of beds it currently has, and an emergency department five or six times the size.
It is already short of about 160 acute beds, and the new "radical" plans would offer more community support and would ideally see people attend hospital only for emergencies or specialist care that cannot be delivered locally
15 days ago
President Donald Trump’s once-steady approval rating is finally taking a plunge.
An aggregation of polls shows that the affordability crisis—and Trump’s failure to prioritize it—is finally catching up to him, with The New York Times reporting that the president is now underwater by 14 percentage points.
Trump’s net approval rating sat around -10 for months, with his ordering of the National Guard into Democratic-led cities, his ICE crackdown, and targeting of his political enemies not causing the figure to budge.
Now, the saying that Americans vote with their wallets is proving true. This a
An aggregation of polls shows that the affordability crisis—and Trump’s failure to prioritize it—is finally catching up to him, with The New York Times reporting that the president is now underwater by 14 percentage points.
Trump’s net approval rating sat around -10 for months, with his ordering of the National Guard into Democratic-led cities, his ICE crackdown, and targeting of his political enemies not causing the figure to budge.
Now, the saying that Americans vote with their wallets is proving true. This a
15 days ago
The raging debate in Washington D.C. over the rising cost of living was front and center at the Potrero Power Station on Friday as California U.S. Sen. Adam Schiff used an affordable housing complex there as the backdrop to announce legislation that he said would bring a housing construction boom similar to the one seen after World War II.
The 48-page legislation - a long-shot because it will need Republican support in order to pass - is called the Housing BOOM (Building Occupancy Opportunity for Millions) Act. It proposes a massive expansion of the 9% federal low-income housing tax credits u
The 48-page legislation - a long-shot because it will need Republican support in order to pass - is called the Housing BOOM (Building Occupancy Opportunity for Millions) Act. It proposes a massive expansion of the 9% federal low-income housing tax credits u
15 days ago
American approval ratings of President Donald Trump, which have held relatively steady through deployments of the National Guard, unprecedented tariffs and the delayed release of the Epstein files, have fallen slightly, according to a new ****** ysis of public polling compiled by The New York Times.
The reason? A greater share of poll respondents blamed the president’s handling of the economy. At the same time, the share of respondents who disapprove of the president rose to new heights. A New York Times ****** ysis of polls found the president’s approval rating had fallen to 42%; his disappr
The reason? A greater share of poll respondents blamed the president’s handling of the economy. At the same time, the share of respondents who disapprove of the president rose to new heights. A New York Times ****** ysis of polls found the president’s approval rating had fallen to 42%; his disappr
15 days ago
Egypt found itself back on the international front pages in the second half of this year. The country played host to the Sharm el-Sheikh conference in October when US President Donald Trump rallied global and regional powers alike behind his ceasefire plan for the Gaza Strip. Shortly after, in November, Cairo invited world leaders to attend the spectacular opening of the new Grand Egyptian Museum next to the pyramids.
Amid these eye-catching events, other domestic developments have received less attention. Most notable were Egypt’s parliamentary elections, with the first round held in Novembe
Amid these eye-catching events, other domestic developments have received less attention. Most notable were Egypt’s parliamentary elections, with the first round held in Novembe
16 days ago
“Tiny cars” which are popular in ****** an will be allowed to be built in U.S. factories, Presdient Donald Trump has announced.
“I have just approved TINY CARS to be built in America,” the president wrote on Truth Social Friday, having previously described the vehicles as “very cute.”
“Manufacturers have long wanted to do this, just like they are so successfully built in other countries. They can be propelled by gasoline, electric, or hybrid. These cars of the very near future are inexpensive, safe, fuel efficient and, quite simply, AMAZING!!! START BUILDING THEM NOW!... ENJOY!!!”
The so-ca
“I have just approved TINY CARS to be built in America,” the president wrote on Truth Social Friday, having previously described the vehicles as “very cute.”
“Manufacturers have long wanted to do this, just like they are so successfully built in other countries. They can be propelled by gasoline, electric, or hybrid. These cars of the very near future are inexpensive, safe, fuel efficient and, quite simply, AMAZING!!! START BUILDING THEM NOW!... ENJOY!!!”
The so-ca
16 days ago
It was all smiles at Washington DC's Kennedy Centre as the leaders of the US, Mexico and Canada took the stage for the 2026 World Cup draw, even as trade tensions simmered in the background.
For Donald Trump, the brief interaction marked his first meeting with Mexico's Claudia Sheinbaum, who leads the largest trading partner for the US.
While Canadian Prime Minister Mark Carney has already met with Trump several times, trade talks have been halted.
Trump this week signalled a willingness to leave in place a long-standing free trade agreement between the US, Canada and Mexico.
The agreement
For Donald Trump, the brief interaction marked his first meeting with Mexico's Claudia Sheinbaum, who leads the largest trading partner for the US.
While Canadian Prime Minister Mark Carney has already met with Trump several times, trade talks have been halted.
Trump this week signalled a willingness to leave in place a long-standing free trade agreement between the US, Canada and Mexico.
The agreement
16 days ago
Vladimir Putin shakes hands with Narendra Modi at Hyderabad House in New Delhi, India, on Friday, Dec. 5, 2025. Credit - Prakash Singh—Bloomberg via Getty Images
Even as Russia once again made clear this week that it had no intention of pursuing genuine peace negotiations on Ukraine, Vladimir Putin landed in New Delhi to a red carpet treatment. Indian Prime Minister Narendra Modi greeted the Russian leader on Thursday with a handshake and hug on the tarmac, breaking diplomatic protocol. The sight was a reminder that Russia is far from a geopolitical pariah in important parts of the world, and
Even as Russia once again made clear this week that it had no intention of pursuing genuine peace negotiations on Ukraine, Vladimir Putin landed in New Delhi to a red carpet treatment. Indian Prime Minister Narendra Modi greeted the Russian leader on Thursday with a handshake and hug on the tarmac, breaking diplomatic protocol. The sight was a reminder that Russia is far from a geopolitical pariah in important parts of the world, and
16 days ago
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Rarely does a blockbuster case that would radically alter the balance of power between the president and Congress come before the Supreme Court in which the outcome is already well-known. But that’s the case in Trump v. Slaughter, which the court will hear Monday, where President Donald Trump is asking the court to expand his autocratic push by handing him the power to fire independent agency officials at will.
Politics: 'Cult Alert': Marco Rubio Skewered For Fawning Comments On Trump
The case emerges
Rarely does a blockbuster case that would radically alter the balance of power between the president and Congress come before the Supreme Court in which the outcome is already well-known. But that’s the case in Trump v. Slaughter, which the court will hear Monday, where President Donald Trump is asking the court to expand his autocratic push by handing him the power to fire independent agency officials at will.
Politics: 'Cult Alert': Marco Rubio Skewered For Fawning Comments On Trump
The case emerges
16 days ago
US President Donald Trump’s administration has set forth a new national security strategy that paints European allies as weak and aims to reassert America’s dominance in the western hemisphere.
The document released on Friday by the White House is sure to roil long-standing US allies in Europe for its scathing critiques of their migration and free speech policies, suggesting they face the “prospect of civilisational erasure” and raising doubts about their long-term reliability as American partners.
It reinforces Mr Trump’s “America First” philosophy, which favours non-intervention overseas,
The document released on Friday by the White House is sure to roil long-standing US allies in Europe for its scathing critiques of their migration and free speech policies, suggesting they face the “prospect of civilisational erasure” and raising doubts about their long-term reliability as American partners.
It reinforces Mr Trump’s “America First” philosophy, which favours non-intervention overseas,
16 days ago
In recent remarks at the “Revitalizing America’s Markets” event, SEC Chair Paul Atkins laid out a plan that would fundamentally redefine what it means to be a public company in the United States. He framed it as a plan to “make IPOs great again,” but beneath the rhetoric lies something far more consequential: a shift toward a marketplace where public companies behave like private ones — shielded from disclosure, insulated from shareholder input, and increasingly detached from the long-term health of the broader economy. In essence, it is a move toward absolute control by CEOs and their boards
16 days ago
The Trump administration is ramping up its immigration crackdown in ways that could alter America’s economy for years to come.
In the wake of the deadly shooting of two National Guard members in Washington, D.C., on Nov. 28 — and the arrest of suspect Rahmanullah Lakanwal, an Afghan national who worked with the CIA to battle the Taliban in his home country — director of U.S. Citizenship and Immigration Services Joseph Edlow announced he would begin a “reexamination of every Green Card for every alien from every country of concern” at Trump’s request (1).
The countries in question, which also
In the wake of the deadly shooting of two National Guard members in Washington, D.C., on Nov. 28 — and the arrest of suspect Rahmanullah Lakanwal, an Afghan national who worked with the CIA to battle the Taliban in his home country — director of U.S. Citizenship and Immigration Services Joseph Edlow announced he would begin a “reexamination of every Green Card for every alien from every country of concern” at Trump’s request (1).
The countries in question, which also
16 days ago
A version of this article originally appeared in Quartz’s Washington newsletter. Sign up here to get the latest business and economic news and insights from Washington straight to your inbox.
In August 2003, Federal Reserve Chair Alan Greenspan kicked off the annual Jackson Hole gathering for economic policymakers with a speech acknowledging the trickiness of steering the U.S. economy through interest rates.
“Uncertainty is not just an important feature of the monetary policy landscape, it is the defining characteristic of that landscape,” Greenspan said at the time. He described the Fed’s j
In August 2003, Federal Reserve Chair Alan Greenspan kicked off the annual Jackson Hole gathering for economic policymakers with a speech acknowledging the trickiness of steering the U.S. economy through interest rates.
“Uncertainty is not just an important feature of the monetary policy landscape, it is the defining characteristic of that landscape,” Greenspan said at the time. He described the Fed’s j
16 days ago
Visa has entered into a collaboration with the Central Bank of Syria and other financial authorities for a strategic roadmap implementation aimed at Syria digital payments integration.
The initiative is designed to support Syria’s entry into the global digital economy, with Visa launching operations in the country and introducing a phased digitisation plan for the payments sector.
The initial focus will involve collaborating with licenced financial institutions to establish a secure payments infrastructure.
This will include the issuance of payment cards and the introduction of digital wall
The initiative is designed to support Syria’s entry into the global digital economy, with Visa launching operations in the country and introducing a phased digitisation plan for the payments sector.
The initial focus will involve collaborating with licenced financial institutions to establish a secure payments infrastructure.
This will include the issuance of payment cards and the introduction of digital wall
16 days ago
Dow Jones Top Markets Headlines at 3 AM ET: Dow Slips, Small Stocks Rally Amid...
Dow Slips, Small Stocks Rally Amid Mixed Signals on Economy
Bond yields rise in the U.S. and ****** an, and new data showed an unexpected drop in weekly American jobless claims.
----
Why investors see Friday's inflation report as a gut check of vibes on the economy
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed's last policy meeting of the year.
https:
Dow Slips, Small Stocks Rally Amid Mixed Signals on Economy
Bond yields rise in the U.S. and ****** an, and new data showed an unexpected drop in weekly American jobless claims.
----
Why investors see Friday's inflation report as a gut check of vibes on the economy
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed's last policy meeting of the year.
https:
16 days ago
The IMF published a new 56-page departmental paper, “Understanding Stablecoins,” on December 2, 2025, warning that large foreign‑currency stablecoins can accelerate currency substitution and erode monetary control in weaker economies. The report is available on the IMF site and is authored by Tobias Adrian and 15 co‑authors from the fund’s Monetary and Capital Markets Department.
The paper notes that global stablecoin capitalization now exceeds $300 billion. About 97% of outstanding tokens reference the U.S. dollar, concentrating influence in issuers such as Tether’s USDT and Circle’s USDC.
The paper notes that global stablecoin capitalization now exceeds $300 billion. About 97% of outstanding tokens reference the U.S. dollar, concentrating influence in issuers such as Tether’s USDT and Circle’s USDC.
16 days ago
The UK is deporting 60 delivery riders found to be working illegally after an immigration crackdown.
Targeted action against workers in the so-called gig economy led to 171 arrests nationwide last month, the Home Office said.
Those arrested included Chinese nationals working in a restaurant in Solihull, Bangladeshi and Indian riders in east London, and Indian delivery riders in Norwich.
The drive comes as ministers try to crack down on illegal working in the UK, as part of efforts to deter those coming to the country illegally.
Home Office figures show there were 8,232 arrests of illegal w
Targeted action against workers in the so-called gig economy led to 171 arrests nationwide last month, the Home Office said.
Those arrested included Chinese nationals working in a restaurant in Solihull, Bangladeshi and Indian riders in east London, and Indian delivery riders in Norwich.
The drive comes as ministers try to crack down on illegal working in the UK, as part of efforts to deter those coming to the country illegally.
Home Office figures show there were 8,232 arrests of illegal w
16 days ago
MAGA is feeling the pinch.
More than one-third of President Donald Trump’s own voters believe the cost of living in the U.S. is the worst they’ve ever seen, according to a new poll. And more than half say that the president bears at least some of the blame.
The survey, conducted for Politico, indicates that the president and the Republican Party have their work cut out for them in selling voters on their economic vision before next year’s midterm elections.
Already this year, Democrats have romped to victory in several elections across the country — including in New York City, New Jersey an
More than one-third of President Donald Trump’s own voters believe the cost of living in the U.S. is the worst they’ve ever seen, according to a new poll. And more than half say that the president bears at least some of the blame.
The survey, conducted for Politico, indicates that the president and the Republican Party have their work cut out for them in selling voters on their economic vision before next year’s midterm elections.
Already this year, Democrats have romped to victory in several elections across the country — including in New York City, New Jersey an
16 days ago
Louis Navellier has seen a thing or two over the years. Navellier, a veteran money manager who has been navigating the stock market since the 1980s, is the founder of Navellier & ****** ociates, a firm with about $1 billion in ****** ets under management.
His long career means he has managed money through the savings and loan crisis of the 1980s and early 1990s, the internet boom and bust, the Great Recession, the Covid pandemic, and 2022's bear market. Along the way, he learned some valuable insights about markets and what causes stocks to rise or fall — a knowledge that has helped keep him
His long career means he has managed money through the savings and loan crisis of the 1980s and early 1990s, the internet boom and bust, the Great Recession, the Covid pandemic, and 2022's bear market. Along the way, he learned some valuable insights about markets and what causes stocks to rise or fall — a knowledge that has helped keep him
16 days ago
Everyone is talking about a K-shaped economy, in which lower- and middle-income households are increasingly being squeezed by a weakening job market and rebounding inflation.
The backdrop has taken a toll on consumer wallets, shifting spending from discretionary to essential purchases. It's also led to consumers rethinking where they spend their hard-earned money, with an increasing number seeking out retailers with a history of low prices, including discount chains and dollar stores.
Dollar General is one of the leading beneficiaries of this shift in customer behavior, as evidenced by its r
The backdrop has taken a toll on consumer wallets, shifting spending from discretionary to essential purchases. It's also led to consumers rethinking where they spend their hard-earned money, with an increasing number seeking out retailers with a history of low prices, including discount chains and dollar stores.
Dollar General is one of the leading beneficiaries of this shift in customer behavior, as evidenced by its r
16 days ago
Top Trump economic adviser Kevin Hassett was forced to contend with some tough economic numbers on Fox News Thursday as more Americans blame President Donald Trump for the affordability crisis.
Martha MacCallum played a clip of CNN’s data guru Harry Enten, who explained:
Google searches for affordability up 110% versus a year ago. More folks searched for affordability in the last month then at any point since the great recession. It’s the cost of living, most important to you right now, 36 percent. What’s right behind it? The economy, 20%. He won on affordability and the cost of living in 20
Martha MacCallum played a clip of CNN’s data guru Harry Enten, who explained:
Google searches for affordability up 110% versus a year ago. More folks searched for affordability in the last month then at any point since the great recession. It’s the cost of living, most important to you right now, 36 percent. What’s right behind it? The economy, 20%. He won on affordability and the cost of living in 20
16 days ago
How do Trump's fuel economy changes affect automakers?
Who are the winners from Trump's energy policies?
What are the environmental consequences of these changes?
What impact will this have on EV adoption?
Earlier in the year, President Trump signed legislation that effectively ended fuel economy penalties for automakers. The penalties applied to automakers for failing to meet Corporate Average Fuel Economy (CAFE) standards dating back to the 2022 model year. The measure was part of the "One Big Beautiful Bill Act," signed into law in July 2025. And now the president has pushed the envelop
Who are the winners from Trump's energy policies?
What are the environmental consequences of these changes?
What impact will this have on EV adoption?
Earlier in the year, President Trump signed legislation that effectively ended fuel economy penalties for automakers. The penalties applied to automakers for failing to meet Corporate Average Fuel Economy (CAFE) standards dating back to the 2022 model year. The measure was part of the "One Big Beautiful Bill Act," signed into law in July 2025. And now the president has pushed the envelop
17 days ago
Preview this article
1 min
The New Economy Collaborative has quietly transformed workforce training in robotics and advanced manufacturing across 10 counties in southwestern Pennsylvania over the past three years, but as the federal grant that made it all possible nears its end, partners are trying to figure out which programs will continue and how.
https://www.bizjournals.co...
1 min
The New Economy Collaborative has quietly transformed workforce training in robotics and advanced manufacturing across 10 counties in southwestern Pennsylvania over the past three years, but as the federal grant that made it all possible nears its end, partners are trying to figure out which programs will continue and how.
https://www.bizjournals.co...
17 days ago
Americans’ confidence in the economy slipped in November to negative 30, according to the latest Gallup poll, the lowest level recorded since July 2024.
Gallup’s Economic Confidence Index — which combines Americans’ ******* sments of current economic conditions and the economic outlook — dipped 7 points from negative 23 in October, after standing at negative 20 in September and August of this year.
November revealed the index’s worst showing since July 2024, when it stood at negative 35. The index was negative 19 when President Trump took office in January and has hovered in the negative tee
Gallup’s Economic Confidence Index — which combines Americans’ ******* sments of current economic conditions and the economic outlook — dipped 7 points from negative 23 in October, after standing at negative 20 in September and August of this year.
November revealed the index’s worst showing since July 2024, when it stood at negative 35. The index was negative 19 when President Trump took office in January and has hovered in the negative tee
17 days ago
A new study is flipping the script on how we think about renewable energy, and it is revealing a surprising flaw in the way a major industry is funded.
UK researchers Colm O'Shea, Piers Horne, and Mark Maslin found that wind power has delivered more than $132.4 billion in total savings for consumers since 2010. Besides the work wind power has done to clean up the UK's electricity grid, this is also a major win for families and the economy.
Plus, it is a reminder that clean energy is more than just an environmental upgrade.
From 2010 to 2023, wind generation cut costs by $195.2 billion, incl
UK researchers Colm O'Shea, Piers Horne, and Mark Maslin found that wind power has delivered more than $132.4 billion in total savings for consumers since 2010. Besides the work wind power has done to clean up the UK's electricity grid, this is also a major win for families and the economy.
Plus, it is a reminder that clean energy is more than just an environmental upgrade.
From 2010 to 2023, wind generation cut costs by $195.2 billion, incl
17 days ago
RBC thinks the US is on track for "stagflation lite" in 2026.
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.
https://finance.yahoo.com/...
Stagflation is a dreaded economic scenario in which inflation runs hot while economic growth slows.
The bank pointed to factors like high housing costs and tariffs, which suggest stagflation is looming
The worst-case scenario for the US economy could be a looming reality in 2026.
RBC flagged the likelihood of stagflation in 2026 as the economy looks poised to post below-trend growth while inflation runs "uncomfortably" hot.
https://finance.yahoo.com/...
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