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Newsom Disputes Analysis by USC Professor on Potential Rise in California’s Gas Prices
Michael Mische estimated that regular gasoline prices in California could rise by as much as 75 percent by the end of 2026.
US Jobless Claims Decline, Reinforcing Strength in Labor Market
Both initial and continuing jobless claims declined for the week ending May 3.
Federal Reserve Leaves Interest Rates Unchanged, Warns of Stagflation
‘Despite heightened uncertainty, the economy is still in a solid position,’ Fed Chair Jerome Powell said.
The Fed Will Likely Make Excuses Rather Than Rate Cuts This Week
This week is all about the Fed. The Fed governors hinted that Friday’s healthy jobs report makes a rate cut this week less likely.
White House Says No Final Decision Yet on Foreign Film Tariffs Amid Push to Revive Hollywood
The White House said ‘all options’ are being explored after Trump authorized a 100 percent tariff on movies made outside the United States.
Port of Los Angeles Warns Potential 35 Percent Drop in Cargo Arrivals Due to Tariffs
The port is expected to see a considerable drop in container shipments next week as a result of new tariffs.
As Tariffs Fall, the European Media Remain Negative
Secretary Bessent pointed out that retail trading has been light since the tariffs were announced and that the volatility was primarily institutional in nature.
California Became the World’s Fourth-Largest Economy in 2024
The state’s economy ranked fourth-largest internationally behind the United States as a whole, China, and Germany.
Truth Social is an Unlikely New Market Barometer
President Trump’s Truth Social has emerged as perhaps the most important “tip sheet” for stock market timing.
US to Open New Port of Entry Facility in Southern California
Border apprehensions have dropped by more than 95 percent, according to CBP numbers.
US to Impose a 21 Percent Duty on Mexican Tomatoes Priced to Undercut Domestic Growers
The administration is investigating several countries that are dumping low-priced goods in U.S. markets.
US Homeowners Must Earn $50,000 More Than Renters to Cover Mortgage Payments: Report
The 10-year treasury yield, which is directly proportional to mortgage rates, has been on the rise since April 4.
Trump Announces 90-Day Pause on Reciprocal Tariffs, Raises Levy on China
China will now face a 125 percent tariff, the president announced.
Largest US Egg Producer Cal-Maine Under DOJ Price Investigation
The company earned $508 million in the third quarter of fiscal year 2025, a 245 percent jump from the year prior.
US International Trade Deficit Narrows in February
The deficit could decrease further in coming months as a result of recently announced tariffs on foreign imports, analysts say.
US Economy Adds Hotter-Than-Expected 228,000 New Jobs in March
The unemployment rate ticked up to 4.2 percent from 4.1 percent.
Ford Announces ‘Employee Pricing’ for All Shoppers After Trump’s Tariffs
U.S. tariffs on auto imports went into effect on Thursday.
US Treasury Secretary Warns Countries Not to Retaliate After Trump’s Tariff Announcement
‘My advice to every country right now is do not retaliate,’ Secretary Bessent said.
7 Takeaways From Trump’s Reciprocal Tariff Rollout
The president launched a new chapter in U.S. trade, imposing a 10 percent universal tariff on trading partners and higher reciprocal levies on some.
