Economy
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You Vote: Do you agree with Trump that Fed Chair Powell should resign, but that he won't fire him?
"I'd love if he wants to resign," the president told the Just the News, No Noise television show in a wide-ranging interview to be aired Thursday night on Real America's Voice when asked whether he would fire the Fed chairman.
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Trump economic adviser Hassett says tariffs to raise $3 trillion in new revenue in next decade
"The bottom line is that President Trump has produced a huge amount of tariff revenue with the tariffs we've seen in the first half of the year," National Economic Council Director Kevin Hassett said
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Treasury announces $27B June surplus from tariff revenue surge
That figure is sure to prove a boon to Trump's fiscal approval and possibly assuage concerns from tariff skeptics about their impact on the broader economy.
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General Motors investing $6.5 billion in electric vehicle plants in Michigan
Motor giant slated to add 4,000 domestic jobs.
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DHS vax mandate for international truckers will worsen supply chain squeeze, industry warns
"Canada is our largest trading partner, so any disruption at the border will certainly have consequences for the U.S. economy whether it is the auto sector, manufacturing, agricultural products or consumer goods," the American Trucking Associations said.
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Stock prices drop for early pandemic successes Netflix, Peloton as more Americans venture outside
Selloffs for Netflix, Peloton started earlier this week after each posted disappointing quarterly earnings
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U.S. retail sales fell by 1.9% in December
Shipping delays and the Omicron surge diminished usual holiday shopping figures.
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Producer price index increases by record 9.7% during Biden's first year in office
More than half of the PPI increase in 2021 came from the increase in the cost of trade services.
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Job Creators Network finds small business owners feel pessimistic about vax mandates, Biden economy
Despite the holiday season, small business owners are not looking happily on their present outlook
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Inflation increases 7% over past year, highest in nearly 40 years
On a monthly basis, CPI increased 0.5%, Labor Department also reported
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Federal Reserve Chairman Powell says inflation poses 'severe' threat to job market
Powell also said Fed will raise rates higher than initially planned, if needed
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Biden touts COVID rebound after weak Dec jobs report, says 'historic day for our economic recovery'
The U.S. economy, like others worldwide, has struggle to return to its pre-pandemic numbers
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Three quarters of CEOs fear for the job, worried more about supply chain than COVID
Only 3% of CEOs surveyed cited virus as top worry.