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“Why won’t Biden lift tariffs and other commentary” Libertarian: Why Won’t Biden Lift Tariffs? “Removing tariffs could save American households $800 this year. What is the White House waiting for?” asks Reason’s Eric Boehm. President Biden says “his top domestic priority is helping Americans weather a surge in prices the likes of which haven’t been…
“Capital Economics reports US home prices to sink by 2023 as mortgage rates hit 6%” Sky-high prices in the US housing market will sink in the coming months as cash-strapped prospective homebuyers contend with surging mortgage rates, a prominent research firm said in a report Monday. Home prices are projected to decline approximately 5% by…
“US recession this year is more likely than not: Nomura analysts” The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment,…
” Why the crypto market crash may play in Bitcoin’s favour “ Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency. “I’m going to be watching for…
“Bitcoin barely hits key $20K threshold, rattling investors” Bitcoin struggled to stay above the key $20,000 threshold Monday as the leading cryptocurrency weathers a prolonged selloff that has sparked fear and uncertainty among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, rose a modest 4% to $20,648 as of 11:30 a.m. ET on Monday,…
“Stephen Ross thinks recession will drive people back to office” Billionaire real estate tycoon Stephen Ross suggested Friday that a looming US economic recession could put an end to the work-from-home craze that swept the country during the pandemic. Ross, whose firm Related Cos. owns office space in New York and across the US, suggested…
” Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn “ Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment. Words of encouragement and sympathy…
“Mortgage rates climb to 5.78% in biggest weekly gain since 1987” Mortgage rates continued their rapid climb this week, posting their largest one-week gain since 1987 in a likely precursor to a slowdown in the US housing market after its pandemic-era boom. The average contract interest rate on a 30-year fixed-rate mortgage was 5.78% as…
“‘Breaking Bad’ star Dean Norris has message about gas price anger” A star from the AMC hit series “Breaking Bad” has little sympathy for Americans complaining about record-high gas prices. Dean Norris, who played the likable yet gullible DEA agent Hank Schrader in the critically acclaimed series, went viral on Twitter with a tweet on…
“Joe Biden’s economic czar Brian Deese dodges inflation question” A top economic adviser to President Biden repeatedly dodged the question of when the scorching, decades-high inflation that has vexed Americans for months will return to normal. Fox News anchor Martha MacCallum asked Brian Deese, the director of the White House National Economic Council, for a…