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Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades
Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades
Nearly two months of the national average gasoline price exceeding the politically sensitive $4-per-gallon level have left corporate America increasingly worried about consumer health this earnings season. Kraft Heinz's CEO warned that some households are "literally running out of money," while UBS analysts caution that even as the AI-linked chip and memory bubble inflates markets to new highs, there are growing "consumer cracks beneath the surface."
The Financial Times reports that U.S. consumers may face a cash crunch this summer as Trump-era tax refund...
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Sep 16, 2026 / Tyler Durden
House Panel Votes To Hold Billionaire Leon Black In Contempt For Ghosting Epstein Investigators
House Panel Votes To Hold Billionaire Leon Black In Contempt For Ghosting Epstein Investigators
Authored by Zachary Stieber via The Epoch Times,
Businessman Leon Black, who skipped a deposition regarding his relationship with the late sex offender Jeffrey Epstein, should be held in contempt of Congress, a House of Representatives panel recommended on Sept. 15.
Former Apollo Global Management CEO Leon Black (R) arrives for an interview with the House Oversight Committee in Washington on June 26, 2026. Kevin Dietsch/Getty Images
The House Oversight Committee unanimously voted 41-0 to advance a contempt resolution...
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May 10, 2026 / Kyle Anzalone
Trump Threatens to Bomb Iran If Anyone Attempts to Retrieve Enriched Uranium
President Donald Trump threatened that if Iran attempts to dig out its destroyed nuclear facilities, he will order new strikes on the sites. “We’ll get that at some point, whenever we want. We have it surveilled,” Trump said on Full Measure. “I did a thing called Space Force, and they are watching. If somebody walked […]
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May 7, 2026 / Tyler Durden
Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey
Inflation Expectations Jump To 3 Year High As Financial Pessimism Surges: NY Fed Survey
Ahead of tomorrow's jobs report which is expected to show a substantial slowdown from last month's 178K surge, moments ago we got another reminder that the stagflationary iceberg remains front and center ahead of the US, after the NY Fed's latest monthly survey of consumer expectations reported that Inflation expectations at the one-year horizon rose again to 3.64% in April from the previous month’s 3.42%, the highest since September 2023. Inflation expectations were unchanged at 3.15% for...
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