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Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem
24/7 Wall St.68d agoneutral
Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Inflation has a way of turning economics into personal finance. For retirees living on fixed incomes, every increase in the price of groceries, gasoline, utilities, and healthcare stretches a monthly Social Security check a little further than it was designed to go. And after years of inflation shocks, Americans are once again watching prices climb. ... Trump and Kevin Warsh Plan a Huge Giveaway to Retirees. There’s Only One Problem

Bidenflation Hit Harder, but Trumpflation May Last Longer
24/7 Wall St.68d agoneutral
Bidenflation Hit Harder, but Trumpflation May Last Longer

Inflation may be one of the few issues capable of uniting Americans across party lines. Voters can argue endlessly about tax policy, government spending, tariffs, or regulation. But when the cost of groceries, gasoline, and housing starts climbing faster than paychecks, political loyalties often take a back seat to household budgets. That’s because inflation isn’t ... Bidenflation Hit Harder, but Trumpflation May Last Longer

Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending
24/7 Wall St.69d agoneutral
Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending

On a recent episode of The Pomp Podcast featuring guest Jordi Visser, host Anthony Pompliano surfaced a notable statement from Amazon (NASDAQ:AMZN) founder Jeff Bezos: the bottom 50% of Americans should pay no federal tax. Pompliano paired that proposal with a data point and a pivot. The data point: that bottom-half cohort currently contributes about ... Jeff Bezos Says Bottom 50% of Americans Should Pay No Tax. The Real Culprit Is Federal Spending

Jobs Report, Broadcom Earnings: What to Watch in the Next Week
The Wall Street Journal70d agoneutral
Jobs Report, Broadcom Earnings: What to Watch in the Next Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch next Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

Wall Street Dumps Crash Hedges as Most-Shorted Stocks Jump 30%
Bloomberg70d agoneutral
Wall Street Dumps Crash Hedges as Most-Shorted Stocks Jump 30%

(Bloomberg) -- Caution has become the most expensive position on Wall Street.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermStrait of Hormuz Ship Transits Are Rising Thanks to Help From USCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionA hot inflation reading this week — sending the annual gauge to its highest in about three years —

AI-Resistant Careers? Sounds Like a Job for Young Workers.
Barrons.com70d agoneutral
AI-Resistant Careers? Sounds Like a Job for Young Workers.

The rise in youth unemployment (ages 16-24) in 2025 left some strategists worried it was a harbinger of what was to come: Artificial intelligence gobbling up swaths of the job market. The unemployment rate for workers ages 24 and under was 9.5% in April, according to the Federal Reserve Bank of St. Louis, but that figure was 10% or higher for the entire second half of 2025. Husby notes that the rise appears temporary, as it followed fiscal tightening and high economic uncertainty.

India Doubled Tariffs on Silver and Gold Imports To Protect a Plunging Rupee; Will Foreign US Treasury Bond Dumping Cause the US To Follow Suit?
24/7 Wall St.70d agoneutral
India Doubled Tariffs on Silver and Gold Imports To Protect a Plunging Rupee; Will Foreign US Treasury Bond Dumping Cause the US To Follow Suit?

In Mid-May, India’s Prime Minister Narendra Modi publicly urged Indian citizens to avoid buying physical gold and silver for a year. Soon afterwards, India increased its import tariffs on precious metals from 6% to 15%. This is yet another sign that the physical silver shortage is escalating, which should bode well for ETFs that hold ... India Doubled Tariffs on Silver and Gold Imports To Protect a Plunging Rupee; Will Foreign US Treasury Bond Dumping Cause the US To Follow Suit?

Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization
Benzinga70d agoneutral
Kalshi Joins CFTS In Suing Minnesota Over Prediction Markets Criminalization

Kalshi sued Minnesota in federal court this week, joining Donald Trump‘s Commodity Futures Trading Commission in challenging a law signed by Tim Walz that would make the state the first to criminalize prediction markets starting Aug. 1. Walz signed the bill May 18, and the CFTC filed its challenge the following day. Kalshi joined this week with its own complaint targeting state Attorney General Keith Ellison, Walz and gambling enforcement chief John Anglin. State lawmakers framed the measure as

FedEx Freight Stock Starts Trading Monday. What to Know.
Barrons.com70d agoneutral
FedEx Freight Stock Starts Trading Monday. What to Know.

The long-awaited spinoff of FedEx Freight is just about done, and shares of the newly independent less-than-truckload business start trading on Monday, June 1. Old Dominion Freight Line and XPO are LTL shippers. The reason for FedEx’s separation of its LTL business is relatively obvious.

Larry Kudlow: The ‘Trumpian Economy’ Is Booming Despite the Gas Price Noise
24/7 Wall St.70d agoneutral
Larry Kudlow: The ‘Trumpian Economy’ Is Booming Despite the Gas Price Noise

Larry Kudlow spent Wednesday evening on Fox Business arguing that the economy is stronger than headlines admit. “The Trumpian economy is absolutely booming as is the stock market,” he said, listing the receipts: an Atlanta Fed nowcast pointing to 4.3% real GDP growth in the second quarter, core goods prices up only 1.1% excluding food ... Larry Kudlow: The ‘Trumpian Economy’ Is Booming Despite the Gas Price Noise

Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan
24/7 Wall St.70d agoneutral
Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan

Jeff Bezos walked the factory floor at Blue Origin on May 20, 2026 and used a CNBC interview to propose zero federal income tax for any American earning $75,000 a year or less. He framed wealth inequality as a government efficiency problem, anchoring his argument around a single working person. “There’s this tale of two ... Jeff Bezos Wants to Eliminate Income Taxes for Half of America: Here’s His Plan