Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims
Largest US Banker Warns US Economy Could 'Deteriorate' As Global Growth Forecast Dims The head of one of the nation’s largest banks says the U.S. economy may be slowing — and that could hit local households and businesses hard in the months ahead. “I think there’s a chance real numbers will deteriorate soon,” JPMorgan Chase CEO Jamie Dimon said during a financial conference this week, per CNBC. He explained that while the country has seen gains in jobs and spending, there are signs that the economy may be cooling.  “Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it’s just a little bit,” Dimon said. He added that lower immigration …
Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why
Major Supermarket Chain Slashing Prices On 400+ Items Despite Trump Tariffs: Here's Why At a time when many grocery bills are going up, Aldi is going in the other direction. Aldi will cut prices on more than 400 items across all its stores, the company announced. The move comes as President Donald Trump's sweeping tariffs have increased the costs of many staples and shaken consumer confidence. The supermarket chain said it's reducing prices for many items like fresh meat, organic produce, pantry goods, and picnic snacks. "While customers may see higher prices at other retailers, we're working hard to unlock even more value for our shoppers, just in time for sum…
Major Household Product Maker Cutting 7,000 Jobs As Trump Tariffs Roil Economy Major Household Product Maker Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Major Household Product Maker Cutting 7,000 Jobs As Trump Tariffs Roil Economy Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports. Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported. P&G had about 108,000 employees worldwide as of June…
Trump’s Standing Tanks With This Voter Group Amid Growing Backlash Trump’s Standing Tanks With This Voter Group Amid Growing Backlash
Trump’s Standing Tanks With This Voter Group Amid Growing Backlash Donald Trump is losing ground with a key voting group, according to a new national tracking poll.  The survey shows sharp declines in his favorability, job approval, and economic ratings among Hispanic and Latino voters. While overall ratings were already low, the second-quarter survey conducted by Global Strategy Group for Somos Votantes shows a deeper erosion in key subgroups: independents, women, and voters under 45. Pollsters attribute the shift to continued economic pessimism, a growing belief that Trump is out of step with everyday priorities, and intensifying opposition to his …
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law A federal court has blocked President Donald Trump's sweeping tariffs, ruling that he improperly used emergency powers to launch trade wars that badly hurt businesses and rocked global markets. The ruling was handed down by a three-judge panel at the US Court of International Trade on Wednesday, May 28. The judges' decision came amid several lawsuits accusing Trump of abusing his power as President to slap arbitrary tariffs on other countries. The court determined that Trump doesn't have the authority to use the International Emergency Economic Powers Act to impose the sweeping duties …
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs President Donald Trump issued new tariff threats against the European Union and Apple, relaunching trade feuds that have shaken the US economy throughout 2025. Trump threatened the EU with a 50% tariff in a post on his social media platform Truth Social on Friday, May 23. He claimed the higher duties would go into effect on Sunday, June 1. The President accused the EU of being "difficult to deal with" in trade negotiations. "Our discussions with them are going nowhere!" Trump posted. "Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There …
Walmart Raising Prices Due To Trump's Tariffs, CEO Says: Here's What's More Expensive Walmart Raising Prices Due To Trump's Tariffs, CEO Says: Here's What's More Expensive
Walmart Raising Prices Due To Trump's Tariffs, CEO Says: Here's What's More Expensive Executives at Walmart are warning that the retail giant will raise prices on many everyday items due to President Donald Trump's sweeping tariffs. Walmart will hike the costs of many grocery items and general merchandise, CEO Doug McMillon said during an earnings call on Thursday, May 15. The announcement comes as Walmart's revenue rose 2.5% in the first quarter of 2025. McMillon said the chain can't swallow the greater costs caused by Trump's tariffs. "We're positioned to manage the cost pressure from tariffs as well or better than anyone, but even at the reduced levels, the hig…
Retail Sales Stall In April Amid Trump's Tariffs And Slowing Demand, New Data Says Retail Sales Stall In April Amid Trump's Tariffs And Slowing Demand, New Data Says
Retail Sales Stall In April Amid Trump's Tariffs And Slowing Demand, New Data Says April's retail sales flatlined as Americans pulled back on spending, the latest sign that trade tensions under President Donald Trump's tariffs are taking a toll on the US economy. Total retail and food service sales rose just 0.1% in April, compared to March's 1.7% surge, the U.S. Census Bureau said on Thursday, May 15. April's monthly gain was within the margin of error (+/- 0.5%), suggesting no meaningful growth. From February to April, total sales rose 4.8% compared to the same period in 2024. The healthy gains appear to be slowing down after consumers rushed in February and March …
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook
Inflation Holds Steady, Grocery Prices Drop As Trump's Trade Policies Cloud Outlook Inflation was relatively flat as President Donald Trump's sweeping tariffs went into effect in April, with lower grocery prices helping keep overall costs in check. Monthly inflation increased just 0.2% from March, the Bureau of Labor Statistics said on Tuesday, May 13. Consumer prices rose 2.3% from April 2024, the smallest yearly inflation since February 2021. The annual inflation number was slightly below the 2.4% Dow Jones forecast, CNBC reported. Wall Street didn't react much to the consumer price index (CPI) data, with stocks and Treasury yields staying relatively unchanged when …
On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy
On The Border Finds Buyer After Tex-Mex Restaurant Chain Declared Bankruptcy A Texas restaurant company is set to buy On The Border Mexican Grill & Cantina after the Tex-Mex chain filed for bankruptcy, closing more than 70 locations – including more than a dozen in the Northeast. Pappas Restaurants won an auction for On The Border, the Houston-based group said in a news release on Wednesday, May 7. The deal needs court approval and is expected to be finalized "in the coming weeks." The price wasn't mentioned in Pappas' announcement. The company previously submitted a $15.9 million stalking horse bid to buy On The Border, FSR Magazine reported in A…
Sam’s Club Drops Membership to Just $20 — But Only Through May 12 Sam’s Club Drops Membership to Just $20 — But Only Through May 12
Sam’s Club Drops Membership to Just $20 — But Only Through May 12 Sam’s Club doesn’t offer membership deals like this often, but right now, for a limited time, new members can score a Sam’s Club annual membership for just $20—less than half the regular $50 price. The offer is available online only through May 12, 2025, and it unlocks access to one of the country’s most popular warehouse clubs. With inflation still tightening budgets, this promotion couldn’t come at a better time.  The $20 membership gives access to all Sam’s Club locations nationwide, along with exclusive member pricing on groceries, cleaning supplies, tech, home goods, and more. Mem…
McDonald's Suffers Biggest US Sales Hit Since COVID-19 Pandemic Began: Here's Why McDonald's Suffers Biggest US Sales Hit Since COVID-19 Pandemic Began: Here's Why
McDonald's Suffers Biggest US Sales Hit Since Covid-19 Pandemic Began: Here's Why Sales at McDonald's experienced their sharpest drop since the start of the COVID-19 pandemic, as companies struggle to navigate chaotic economic conditions in the US. McDonald's sales in the US fell 3.6% in the first quarter of 2025, the company said in its earnings report on Thursday, May 1. The drop marks the fast food giant's steepest quarterly decline since the second quarter of 2020, when US sales plummeted by 8.7% as the pandemic forced restaurants worldwide to temporarily close. The slump was more than double what economists expected and came as inflation, tariffs, and…