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Iran war leads to shortage of petrochemical feedstock naphtha, prompting plastic makers to hunt for cheaper alternative
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Senate confirms new Fed chair as Trump allies warn rate cuts may have to wait The Washington PostKevin Warsh confirmed as Fed chair, succeeding Jerome Powell CNNWhy Warsh's Democrat problem could come back to bite him PoliticoThe Economy That Kevin Warsh, the Federal Reserve's New Chair, Is Inheriting The New York Times
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The Producer Price Index rose in April at its fastest pace in four years, government data showed, a day after consumer prices showed inflation was surging.
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Trump Administration Will Withhold $1.3 Billion in Medicaid Payments to California The New York TimesVance announces suspension of $1.3 billion in Medicaid payments to California NBC NewsJD Vance threatens health funding to states that don't comply with White House anti-fraud effort The GuardianTrump administration freezes Medicare enrollments for new home health care, hospice providers The Hill
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JD Vance threatens health funding to states that don't comply with White House anti-fraud effort The GuardianVance announces suspension of $1.3 billion in Medicaid payments to California NBC NewsTrump administration freezes Medicare enrollments for new home health care, hospice providers The HillWhite House cuts $1.3 billion in Medicaid payments to California Politico
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The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
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The 2026 Strait of Hormuz crisis highlights how the lean operations that built your business might be making it dangerously brittle.
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For a small number of New Yorkers who own luxury second homes in the city, the prospect of seeing their property tax rates go up is still alive.
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President Trump has declared the cease-fire on "life support," and investors are taking a cautious approach as the economic effects of the war become more apparent.
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Our eighth annual dairy executive survey—expanded to include Europe—shows an industry facing intense cost and margin pressure, even as demand grows. Here's the leadership agenda for the year ahead.
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Topic: New DemocracyPoliticsThe more extreme Trump gets, the more the non-MAGA Republicans, whom I will call the "GOP," would like to be free of him. They always distrusted him, but their desire for power overwhelmed that distrust. The alternative to Trump was the Democrats. Opposition to Trump meant being pushed out of the Republican party like Liz Cheney. Now they live in fear. Only the GOP have the political power to remove Trump. 4 in the House. 4 in the Senate could pass a resolution, including a resolution declaring Trump an insurrectionist. 14 could beat filibuster, 20 could pass veto-proof resolutions or convict an impeachment.
But to "shoot at the king and miss" means the end of their career; all they have worked for. Is there a way the Democrats could help them and save the country, as is their duty?
Trump's threat is this: defy him, and next primary, they'll run a MAGA opponent. Elon Musk will fund that campaign. You'll be out, even in a safe seat.
The Democrats could pledge this: If you are in a safe GOP seat and you vote to be rid of Trump, and they attack you, we won't run anybody in your race. Further, we'll tell our supporters to register as Republicans and vote for you, and if that fails, you can run as an independent, or even a new party called the "Grand Old" party, and we'll tell our supporters to vote for you. One time only, but we'll do what we can, and you'll get 6 more years. It had better be over after that.
This actually costs
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After two years of a red-hot market, it's time real estate and mortgage professionals get ready for what could be a slowdown in their business.
Earlier this summer housing prices were on fire. Now there is talk of a "housing recession." Due in part to higher mortgage rates and more people vacationing this summer, U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years.
SEE MORE Is Your Job Burning You Out?
One of my clients in the Midwest put his home up for sale recently and has had no interested buyers - none. A few months ago, we were certain it would sell in days. The plan was to sell the house and pay off their construction loan on their new home before it converted to a permanent mortgage. Now, that plan may need to change.
Several mortgage companies have already let go thousands of employees, and one company, Sprout Mortgage, based in East Meadow, N.Y., shut down in early July. Real estate brokerage companies, such as Compass and Redfin, have also slashed their workforce.
Real estate is cyclical, and while sales will not totally dry up, anyone tied to the industry should get their finances in order now in case the current downturn lasts another several months.
Here are a few moves to consider:
Build an Emergency Fund Twice as Big as a Salaried Worker's
No one wants to get caught borrowing money to pay their bills. While putting away enough money in a savings or money market account to cover six months of expenses is normal, it's best to plan for a longer period if you work in a cyclical industry.
Consider keeping six to 12 months of r
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