Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Friday, April 3, 2026

Volatility hits Wall Street and U.S. oil tops $110 a barrel | PBS News

Wall Street is worried that higher energy prices are adding to already stubbornly high inflation. Rising fuel prices take a bigger chunk out of consumers' wallets in several ways. Directly, gasoline prices in the U.S. have surged 36 percent from a month ago to average $4.08 per gallon, according to the auto club AAA. 

Indirectly, rising fuel prices tend to make a wide range of services and goods more expensive. Flights become more expensive as airlines raise ticket prices to offset rising fuel costs. Consumer goods become more expensive as shipping and transportation costs rise. 

 Inflation has been stubbornly above the Federal Reserve's 2% target. The war and its corresponding surge in energy prices effectively pushes inflation higher and that has dashed hopes for the Fed to cut interest rates. Wall Street had hoped for the central bank to cut rates in order to help offset a weakening job market. Lower interest rates could help stimulate the economy by lowering borrowing costs, but they also risk worsening inflation...

 https://www.pbs.org/newshour/economy/volatility-hits-wall-street-and-u-s-oil-tops-110-a-barrel


 

Saturday, June 8, 2024

Myth 2: "The Free Market " I 10 Economic Myths Debunked

PSA: When the powerful say they want a “free market,“ what they actually mean is a market controlled by corporations, Wall Street, and the wealthy.

Tuesday, June 4, 2024

Wednesday, April 19, 2023

Sunday, April 2, 2023

US Minimum Wage Would Be $42 Today If It Rose as Much as Wall St. Bonuses: Analysis

Citing newly released data from the New York State Comptroller, IPS noted that the average Wall Street bonus has increased by 1,165% since 1985, not adjusted for inflation…


Tuesday, June 16, 2020

Who's Really Looting America? with Robert Reich

As hundreds of thousands take to the streets to protest ruthless police killings of Black Americans and centuries of systemic racism, and Donald Trump and his enablers cast the protesters as violent “looters," former Labor Secretary Robert Reich exposes the real looters in America: Wall Street bankers in designer suits and corporate executives in lofty boardrooms. While more than 10,000 people have already been arrested during the Black Lives Matter uprising, only 1 Wall Street banker was jailed for fraud after the 2008 financial crash, despite causing American households to lose a combined $19 trillion in wealth. Today, even in the midst of a global pandemic, America's billionaires have seen their wealth soar by $434 billion — thanks to the bailouts and tax breaks they lobbied for. The looting doesn't stop there: just think of the epidemic of wage theft in America — with employers stealing a combined $15 billion in income from their workers every year. Not to mention multibillion-dollar companies not paying a single dime in federal taxes, and predatory payday lenders that target communities of color and trap borrowers in a cycle of never-ending poverty. This needs to end. ....
https://youtu.be/42yF_ydXMXY


Tuesday, December 10, 2019

Trump’s policy record: environment, Wall Street regulation, and more - Vox

The scandals, the leaks, the outrages, and the bizarre tweets of the last three years can distract from an important fact about President Donald Trump: He has changed policy in ways that affect the lives of millions of Americans.....


Thursday, October 17, 2019

Homewreckers: How Wall Street, Banks & Trump’s Inner Circle Used the 2008 Housing Crash to Get Rich

We speak with investigative reporter Aaron Glantz about his new book “Homewreckers,” which looks at the devastating legacy of the foreclosure crisis and how much of the so-called recovery is a result of large private equity firms buying up hundreds of thousands of foreclosed homes. “Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream” reveals how the 2008 housing crash decimated millions of Americans’ family wealth but enriched President Donald Trump’s inner circle, including Trump Cabinet members Steven Mnuchin and Wilbur Ross, Trump’s longtime friend and confidant Tom Barrack, and billionaire Republican donor Stephen Schwarzman. Glantz writes, “Now, ensconced in power following Trump’s election, these capitalists are creating new financial products that threaten to make the wealth transfers of the [housing] bust permanent.” Aaron Glantzis a senior reporter at Reveal from The Center for Investigative Reporting. He was a finalist for a Pulitzer Prize this year for his reporting on modern-day redlining.
https://youtu.be/OckBIl9N3TQ







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