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Americans should be reassured by high prices, apparently. Does Trump's team really think we're that stupid | Arwa Mahdawi
According to chief economic adviser Kevin Hassett, living in the world’s richest superpower and witnessing food, electricity and housing become luxury items is a good thingGod, I love paying high prices at the supermarket, don’t you? I walk outside with a bag of basics that cost approximately 500% more than they did a few years ago and it makes me feel so optimistic about life. What a wonderful thing to live in the US – the world’s richest superpower – and witness food, electricity and...
Americans should be reassured by high prices, apparently. Does Trump's team really think we're that stupid | Arwa Mahdawi
According to chief economic adviser Kevin Hassett, living in the world’s richest superpower and witnessing food, electricity and housing become luxury items is a good thingGod, I love paying high prices at the supermarket, don’t you? I walk outside with a bag of basics that cost approximately 500% more than they did a few years ago and it makes me feel so optimistic about life. What a wonderful thing to live in the US – the world’s richest superpower – and witness food, electricity and...
Trump’s economic chief says inflation is falling. Data says otherwise
Trump’s economic chief says inflation is falling. Data says otherwise In April, inflation reached its highest level in three years - Bookmark American households are once again feeling the squeeze as inflation, after a period of gradual cooling, is on the ascent, making essential goods like gas and groceries increasingly unaffordable. In April, inflation reached 3.8 percent from a year earlier, marking its highest level in three years.
Stocks sink as interest rate hike worries rattle tech amid nonstop AI spending
Major stock indexes fell sharply Friday after a strong jobs report set the stage for the Federal Reserve to hike rates, rattling shares of companies that are involved in sky-high artificial intelligence investments. The threat of higher interest rates often sends stocks lower because borrowing money, especially at the large sums that AI firms are borrowing at, becomes more expensive. The Nasdaq 100, which tracks the largest non-financial tech stocks traded on the Nasdaq stock exchange,...
Why AI hyperscalers are now the epicenter of a bear case for stocks
If the facts change, then I have to change. I learned that from reading the legendary British economist John Maynard Keynes, and it has never steered me wrong. I was a huge bull on this market because of the terrific things happening in artificial intelligence.