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Hassett: Trump's $5,000 stimulus plan "can be achieved in a responsible fiscal manner," and if interest rates rise, "the president will have something to say."

Hassett: Trump's $5,000 stimulus plan "can be achieved in a responsible fiscal manner," and if interest rates rise, "the president will have something to say."

The White House's chief economic advisor strongly supports the idea of a trillion-dollar direct subsidy, but the bipartisan reaction in Congress is lukewarm, and the market is focused on its fiscal and inflationary impacts. Trump's proposal to send $5,000 checks to every adult American citizen

Was the August CPI just the right amount of "hot"? Wall Street is heavily betting on a Fed rate hike next week, and Warsh can't cry wolf this time.

Was the August CPI just the right amount of "hot"? Wall Street is heavily betting on a Fed rate hike next week, and Warsh can't cry wolf this time.

The better-than-expected core inflation in the US in August is becoming a key factor in pushing the Federal Reserve to raise interest rates next week. Although some Wall Street analysts believe that one-off factors such as the surge in telephone service prices in the monthly data are insufficient to prove

A major Saudi oil pipeline was attacked on Thursday, causing a sharp drop in shipping traffic in the Bab el-Mandeb Strait. Houthi rebels claimed to have captured 5,400 square kilometers in nine days.

A major Saudi oil pipeline was attacked on Thursday, causing a sharp drop in shipping traffic in the Bab el-Mandeb Strait. Houthi rebels claimed to have captured 5,400 square kilometers in nine days.

The risks to energy transport in the Middle East continue to escalate. As a key Saudi oil pipeline was attacked and caught fire on Thursday, Yemen's Houthi rebels claimed significant gains on the western Red Sea coast, while the number of ships passing through the Bab el-Mandeb Strait

Oracle shares jumped 8.5% before falling back! Strong AI demand fails to dispel concerns about massive cash burn and profits.

Oracle shares jumped 8.5% before falling back! Strong AI demand fails to dispel concerns about massive cash burn and profits.

Oracle's last fiscal quarter results were stronger than expected, with revenue from its much-watched AI infrastructure cloud business more than doubling year-on-year. However, this impressive financial report did not lead to a continuous rise in the stock price. On Friday, September 11th, Eastern Time, Oracle (ORCL) shares opened

US consumer confidence fell more than expected, inflation expectations rose, and Republican approval ratings hit their lowest point during Trump's term.

US consumer confidence fell more than expected, inflation expectations rose, and Republican approval ratings hit their lowest point during Trump's term.

U.S. consumer confidence plummeted in early September to a recent low, pressured by both rising gasoline prices and trade tensions, which significantly deepened public concerns about the cost of living. According to preliminary results released by the University of Michigan on Friday, the U.S. consumer confidence index fell

The US core CPI rose 2.4% year-on-year and 0.3% month-on-month in August, exceeding expectations.

The US core CPI rose 2.4% year-on-year and 0.3% month-on-month in August, exceeding expectations.

The US CPI rose 3.4% year-on-year in August, in line with expectations and the previous reading. The month-on-month increase was 0.4%, also in line with expectations, compared to 0.1% in the previous month. The US core CPI rose 2.4% year-on-year in August, in line with expectations

IEA warns: War in Iran drags down oil demand by the largest drop since the pandemic, warning of further weakness in the coming months.

IEA warns: War in Iran drags down oil demand by the largest drop since the pandemic, warning of further weakness in the coming months.

Brent crude oil prices fell sharply after hitting the $110 mark, and the International Energy Agency (IEA) issued a warning at the same time: the ongoing war with Iran continues to drag down global oil demand, with the decline in demand this year already the largest since the COVID-19 pandemic,