Americans are spending more money than they’re making due to tariff-induced cost pressures. Plus: ICE raids on businesses, Olympic surfing, and an LA artist.
The ongoing U.S.-China trade war is hurting American farmers. Amid record harvests in the U.S., farmers are finding lower prices and less demand when they bring it to market.
Dramatic interest rate cuts could lead to falling bond yields and an increase in spending, in the short term. Plus: In-store ads, a traveling nurse, and AI tools for tariff calculations.
Stubborn inflation and strong consumer spending means retailers can raise their prices. Plus: H-1B visas, the TikTok algorithm, teen factory training, and the farm bill.
Transforming Chrome into an agentic browser will give Google’s AI unprecedented access to users’ data. Plus: Feeding Alaska and a Jo-Ann Fabrics replacement.
August saw roughly equal numbers of Americans getting hired and losing their jobs. Plus, risks to mobile homes, a plus-size mall, and two farmers’ trade war concerns.
The highest earners in this economy account for nearly half of consumer spending. Plus, mortgage refinancing, Etsy tariffs, a nontraditional student, and a Fed rate cut.
Less coal revenue would be a sizable financial hit to state budgets. Plus: rate cut pros and cons, domestic soybean farmers, and the death of consumer loyalty.