The whole situation with the so-called "jobless claims" is exactly what we've been predicting on this program. The drive-by media won't tell you this, but the REAL story behind these numbers is a perfect example of what's wrong in America today. The Labor Department admitted that unemployment claims jumped by 18,000 last week. That's right, my friends, 241,000 Americans … [Read more...] about Did U.S. Unemployment Claims Jump Past Forecasts?
Tariffs
Trump’s Annexation Talk Dominates Canadian Election as Voters Head to Polls
Okay, so here's the thing about the Canadian election. The left, in their typical fashion, has managed to whip up a frenzy of anti-Trump hysteria to distract from their fundamental failures in governance. First of all, the idea that Trump's comments about tariffs and annexation should be the central issue of a sovereign nation's election is, frankly, ridiculous. It's a … [Read more...] about Trump’s Annexation Talk Dominates Canadian Election as Voters Head to Polls
China Suspends Rare Earth Shipments, Sending Shockwaves Through Tech Industry
The New York Times reported that China had suspended the export of rare earth minerals, magnets, and other products used by automakers and military contractors in response to President Donald Trump's tariffs against China. According to the report, China has halted exports as it develops a new regulatory framework requiring export licenses. According to the Times, China could … [Read more...] about China Suspends Rare Earth Shipments, Sending Shockwaves Through Tech Industry
China Hits Back: Tariffs on US Goods to Soar to 125%
China has announced that it will increase tariffs on U.S. products from 84% to 125% beginning Saturday. As U.S. President Donald Trump paused tariffs on other countries, the U.S. and China escalated their new trade war. China had notably said that it would fight American tariffs with its countermeasures. Trump's actions were called "economic bullying," which led Trump to … [Read more...] about China Hits Back: Tariffs on US Goods to Soar to 125%
Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street
Wall Street had an incredibly volatile day on Monday. It went from a 20% drop that dragged it below its previous record to a sharp rise. But then, the market reverted to losses, as concerns remain over whether Donald Trump's tariff war will undermine the global economy. S&P 500 gained 3.4% after a drop of 4.7% shortly after trading began. This would have been its best … [Read more...] about Stocks Plunge Then Surge: Trade War Chaos Rattles Wall Street