Economy

SpaceX plans to raise $75 billion in its IPO, which could make Elon Musk world's first trillionaire

Trump administration invokes human rights in latest bid to restore ‘Liberation Day’ tariffs

The U.S. Trade Representative is proposing a new baseline 10% tariff on U.S. trading partners who are not doing enough to combat the importation of goods made using forced labor.

U.S. chief executives express declining optimism in U.S. economy, survey shows

Almost a third — 31% — said they expect to reduce their workforce, up from 27% in the first quarter. Of those surveyed, 40% expect no changes.

Jobs report to test how long consumers can keep carrying economy

Consumer spending is the largest part of the U.S. economy.

Income dropped, poverty soared under Biden: Census Bureau

Inflation soared 7.8% from 2021 to 2022, marking the largest single-year increase in cost of living since 1981.

Gas rises 63 cents a gallon in 2023 as gloomy data casts doubt on rosy ‘Bidenomics’ tour

Is "Bidenomics" working? The White House says "yes," but fiscal experts are saying "hey, not so fast.”

Dick's Sporting Goods cites 'organized retail crime' for 23% profit decline

Dick's said it lost about $74 million in net income in the second quarter of 2023 because of "organized retail crime." Dick's is not alone, as more and more retailers are closing because of mobs of thieves striking stores.

Economy

Americans want almost $80K to take a new job, NY Fed says

The report did, however, show that despite an evident gap in offered and desired pay, employees are somewhat more likely to remain in their current posts than last year.

Economy

Disney fan site says ‘climate change’ is causing less attendance at parks, ignores price jumps

Some fans blame "climate change" for falling attendance, but other factors may have more impact. One man said he spent roughly $10,000 to take his family on a single vacation to Disney.