Jim Nelles, U.S. naval veteran, supply chain consultant, and economic analyst, discussed with NTD the implications of the dockworkers’ strike after Iran’s missile attack on Israel escalated geopolitical tensions in the Middle East, with the approaching U.S. presidential election.
The United States Postal Service (USPS) submitted a Sept. 23 document to the Postal Regulatory Commission stating plans to raise prices for its First-Class postage—which currently costs 73 cents—five times over the next three years. The specific amounts for the price hikes weren’t mentioned, but the proposed plan is to start in July 2025 and […]
The Federal Reserve’s preferred inflation gauge—the personal consumption expenditure (PCE) price index—came in below expectations, suggesting that the central bank is inching closer to its 2 percent target. According to the Bureau of Economic Analysis (BEA), the PCE price index rose by 0.1 percent in August, down from the 0.2 jump in July. The PCE […]
News Analysis The winds of change are upon the U.S. economy as the Federal Reserve is expected to cut interest rates for the first time in four years, affecting everyone from Main Street to Wall Street. After the Fed launched its inflation-fighting crusade in March 2022, higher interest rates have significantly raised consumer borrowing costs, […]
News Analysis A recent blend of easing inflation rates and cooling labor market trends could force the Federal Reserve to pull the trigger on its first interest rate cut since the onset of the COVID-19 pandemic. U.S. central bankers will kick off their widely anticipated two-day policy meeting on Sept. 17, which could officially be […]
JPMorgan Chase CEO Jamie Dimon said this week that a fate worse than recession for the U.S. economy—namely, stagflation—can’t be ruled out. Speaking at the Council of Institutional Investors’ fall conference in New York City on Sept. 10, Dimon expressed concern about the possibility that stagflation—a detrimental mix of economic stagnation and inflation—could well be […]
A tipping point for European businesses in China, because of the state of its economy. That’s according to the head of the European Union Chamber of Commerce in China. Two thirds of the companies surveyed by the European chamber say their profit margins in China are at or below the global average. Many European businesses […]
The U.S. annual inflation rate came in below economists’ expectations as broad-based price pressures continue stabilizing across the economy. According to the Bureau of Labor Statistics, the consumer price index (CPI) slowed to 2.5 percent in August, down from 2.9 percent. The consensus estimate was 2.6 percent. Monthly inflation rose by 0.2 percent, unchanged from […]
Inflation and unemployment are among the top issues for U.S. voters and could play a pivotal role in determining the election. That’s according to Raymond Sfeir, director of the A. Gary Anderson Center for Economic Research at Chapman University. Speaking to NTD, Sfeir explained how recent economic trends are influencing voter sentiment. “In my view, […]
The Federal Reserve’s preferred inflation metric—the personal consumption expenditure (PCE) price index—came in below expectations, further supporting the central bank’s case for loosening monetary policy and cutting interest rates as early as September. According to the Bureau of Economic Analysis (BEA), the annual PCE price index was unchanged at 2.5 percent in July, below the […]
Former President Donald Trump asked a federal court late Thursday to intervene in his New York criminal case, seeking a pathway to overturn his conviction and indefinitely delay his sentencing next month. Lawyers for Trump asked the federal court in Manhattan to seize the case from the state court, arguing that the prosecution violated his […]
Chinese e-commerce giant Temu blindsided investors Tuesday. Parent company PDD Holdings reported missed revenue and a gloomy outlook as a result of consumers cutting back. In China, money is tight due to high unemployment and a weak property market. CEO Chen Lei says consumers, who were once attracted to its bargain prices, are now being […]
Local independent restaurants are feeling the strain as inflation and the cost-of-living crisis take a toll on their business. NTD spoke to Tommy Su, co-owner of La Borracha Hamburgerseria in El Monte, California, to find out how his chicken wing and slider restaurant is sliding through inflationary times.
According to recent polling, the economy is now the number one issue among voters, with inflation and the cost of living serving as significant worries for millions of Americans. But what can the next president do? And what can we expect from the economic policies that the presidential nominees are proposing? NTD spoke to Joseph […]
In a post on his social media platform X, Elon Musk announced that he would step up to the task if asked to serve at the White House as a government efficiency regulator under the Trump administration. “I am willing to serve,” wrote the Tesla and Space X CEO, sharing an AI-generated image of himself […]
Democratic presidential nominee Kamala Harris unveiled her economic platform on Aug. 16 and vowed an “opportunity economy” if elected. Harris pitched her new package of economic proposals during a campaign rally in Raleigh, North Carolina, and said she would prioritize her agenda within her first 100 days of office. Her agenda focuses on reducing Americans’ everyday […]
Vice President Kamala Harris was expected to announce on Friday that she will implement price controls if elected president. In an effort to tame rising prices, Harris is targeting what she says is price gouging by American corporations. It’s expected that the first wave of price controls would be on food and groceries. The co-owner […]
U.S. consumer prices rose at a slower pace in July, and the annual increase in inflation cooled to below 3 percent for the first time in nearly 3.5 years. Some analysts believe this is opening the door wider for the Federal Reserve to cut interest rates next month. NTD speaks to Joseph Trevisani, a senior […]
The U.S. annual inflation rate slowed for the fourth consecutive month in July and came in below market forecasts, raising the odds of the Federal Reserve cutting interest rates in September. According to the Bureau of Labor Statistics (BLS), the consumer price index (CPI) eased to 2.9 percent last month, down from 3 percent in […]
The producer price index (PPI), a key inflation gauge, showed price hikes slowed in July. The index measures average price changes seen by producers and manufacturers. The federal government reports the PPI was up 2.2 percent for the 12 months ending in July. That’s a significant pullback from the increase registered in June. The producer […]
