Donald Trump threatens 100% tariff on countries that turn away from the dollar
“You leave the dollar and you’re not doing business with the United States because we are going to put a 100% tariff on your goods.” Read More
Janet Yellen still sees a soft landing despite latest disappointing jobs report
Monthly job gains are at about the level needed to absorb new entrants to the labor market, Yellen said. Read More
Greece to crack down on short-term rentals and levy port fees amid overtourism
The country will also expand its so-called “Golden Visa” program to investors who are willing to put at least $277,000 into local startups. Read More
Russia’s strategy to rely more China’s yuan is backfiring
“We cannot lend in yuan because we have nothing to cover our foreign currency positions with.” Read More
U.S. believes Iran sent ballistic missiles to Russia for its war on Ukraine
“This partnership threatens European security and illustrates how Iran’s destabilizing influence reaches beyond the Middle East and around the world.” Read More
U.S. debt is so massive, interest costs alone are now $3 billion a day
“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.” Read More
The job market is flashing a classic pattern that signals a recession is coming, Citi says
“The takeaway from the range of labor market data is clear – the job market is cooling in a classic pattern that precedes recession.” Read More
Elon Musk’s pro-Trump PAC ramps up ad blitz against Kamala Harris across social media
America PAC was among the top 10 US political advertisers on Facebook for the week ending Sept. 3, according to Meta’s ad library. Read More
Democrats to fly banners over college football games against Project 2025 and Trump campaign
Banners will start flying around four hours before kickoff and could continue into the games, depending on air marshals’ decisions in each location. Read More
Boeing Starliner returns to Earth without a crew as NASA flags new issues
New issues had come to light, including the failure of a new thruster and the temporary loss of the guidance system. Read More