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Saturday, August 02, 2025

"Tesla's lies turned our roads into test tracks for their fundamentally flawed technology," a lawyer representing victims of an autopilot crash blasted. read more


President Trump fumed on Friday over a weak jobs report and major downward revisions to May and June employment figures that set off alarm bells about the direction of the U.S. economy. read more


Friday, August 01, 2025

A CBS investigation claims officials may have misled the public about a series of details on Jeffrey Epstein's final night alive. read more


Consumer products giant Procter & Gamble offered an annual earnings outlook that was below analysts' projections and said it would raise prices on about a quarter of its products in the U.S. in part due to higher costs from President Donald Trump's tariffs. read more


Yale Budget Lab The price level from all 2025 tariffs rises by 1.8% in the short-run, the equivalent of an average per household income loss of $2,400 in 2025$. This assumes the Federal Reserve does not react to tariffs and so the real income adjustment comes primarily through prices rather than nominal incomes; if the Federal Reserve reacted, the adjustment could in part come in the form of lower nominal incomes. Annual pre-substitution losses for households at the bottom of the income distribution are $1,300. The post-substitution price increase settles at 1.5%, a $2,000 loss per household. read more


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