US says India halves Russian oil imports, sources say no cuts seen
https://www.reuters.com/business/energy/india-already-cutting-russian-oil-imports-by-50-after-us-talks-white-house-2025-10-16/
https://redd.it/1o8v9fq
@r_econ
https://www.reuters.com/business/energy/india-already-cutting-russian-oil-imports-by-50-after-us-talks-white-house-2025-10-16/
https://redd.it/1o8v9fq
@r_econ
Reuters
US says India halves Russian oil imports, sources say no cuts seen
India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen, as President Donald Trump's administration presses New Delhi and other nations to buy less Russian crude.
75% of Americans report soaring prices as Trump claims inflation ‘over’
https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll
https://redd.it/1o8yyw6
@r_econ
https://www.theguardian.com/business/2025/oct/16/inflation-economic-pessimism-poll
https://redd.it/1o8yyw6
@r_econ
the Guardian
75% of Americans report soaring prices as Trump claims inflation ‘over’
Exclusive poll: Inflation remains a concern despite president’s pledge to reduce prices on ‘day one’
Small businesses are being crushed by Trump's tariffs and economists say it's a warning for the economy
https://www.cnbc.com/2025/10/17/how-much-trump-tariffs-are-costing-small-businesses.html
https://redd.it/1o91n7y
@r_econ
https://www.cnbc.com/2025/10/17/how-much-trump-tariffs-are-costing-small-businesses.html
https://redd.it/1o91n7y
@r_econ
CNBC
Small businesses are being crushed by Trump's tariffs, and economists say it's a warning for the economy
Small businesses are struggling under President Trump's global trade war, with some warning they may have to close their companies if consumer demand falls.
It's not an overstatement when I say *this* was the defining issue of the 2024 election and it's basically disappeared from the news.
https://redd.it/1o93es0
@r_econ
https://redd.it/1o93es0
@r_econ
Donald Trump tariffs' impact: 55 percent of costs on US consumers - So Far
https://thehill.com/business/5553384-trump-tariffs-consumer-costs-goldman-sachs/?email
https://redd.it/1o90m8t
@r_econ
https://thehill.com/business/5553384-trump-tariffs-consumer-costs-goldman-sachs/?email
https://redd.it/1o90m8t
@r_econ
The Hill
US consumers shouldering 55 percent of Trump tariff costs: Goldman Sachs
A new Goldman Sachs analysis says American consumers will shoulder 55 percent of the costs from President Trump’s tariffs this year. American businesses and foreign exporters will take on 22 percen…
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“Eating is the hardest part”
TEXAS folks tell Fox grocery prices are WAY UP, not down like the billionaire president (who has never been inside a grocery store himself) would have you believe.
https://redd.it/1o93zhm
@r_econ
TEXAS folks tell Fox grocery prices are WAY UP, not down like the billionaire president (who has never been inside a grocery store himself) would have you believe.
https://redd.it/1o93zhm
@r_econ
Nestle announces plans to slash 16,000 jobs, stock jumps 9%
https://www.cnbc.com/2025/10/16/nestle-3q-earnings-announces-16000-job-cuts.html
https://redd.it/1o9636f
@r_econ
https://www.cnbc.com/2025/10/16/nestle-3q-earnings-announces-16000-job-cuts.html
https://redd.it/1o9636f
@r_econ
CNBC
Nestle announces plans to slash 16,000 jobs, stock jumps 9%
Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.
Americans are sacrificing small joys like vacations and eating out, selling their belongings, and skipping meals to afford housing. Meanwhile, billionaire wealth rose by $33 trillion in the last ten years. These two things are related.
https://redd.it/1o94ovk
@r_econ
https://redd.it/1o94ovk
@r_econ
Trump’s Treasury Secretary Says US Will Impose ‘Price Floors’ To Combat China Manipulating Markets
https://finance.yahoo.com/news/trump-treasury-secretary-says-us-193051055.html
https://redd.it/1o94loq
@r_econ
https://finance.yahoo.com/news/trump-treasury-secretary-says-us-193051055.html
https://redd.it/1o94loq
@r_econ
Yahoo Finance
Trump’s Treasury Secretary Says US Will Impose ‘Price Floors’ To Combat China Manipulating Markets
Treasury Secretary Scott Bessent told CNBC on Wednesday that the United States will be introducing "price floors" in different markets to combat China.
Media is too big
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Fox Business News is forced to admit that it “doesn’t feel like we are going to rebound” from dips in consumer spending, and that “the middle and lower class consumers are being squeezed," while the affluent consumers are flourishing in Trump’s America.
https://redd.it/1o95mdd
@r_econ
https://redd.it/1o95mdd
@r_econ
" We are Finished": Idaho retirees crushed as premiums soar 4,275% after Trump and GOP gut Obamacare subsidies
https://wtfdetective.blog/idaho-retirees-premiums-soar-after-trump-gop-gut-aca/
https://redd.it/1o9bmb5
@r_econ
https://wtfdetective.blog/idaho-retirees-premiums-soar-after-trump-gop-gut-aca/
https://redd.it/1o9bmb5
@r_econ
WTF Detective
” We are Finished”: Idaho retirees crushed as premiums soar 4,275% after Trump and GOP gut Obamacare subsidies - WTF Detective
Open enrollment for Affordable Care Act (ACA) health plans began Wednesday in Idaho, giving the rest of the nation an early look at how steeply premiums are expected to climb in 2026. For many Idaho residents, the question now is whether they can still afford…
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans
https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy?CMP=Share_iOSApp_Other
https://redd.it/1o969so
@r_econ
https://www.theguardian.com/business/2025/oct/17/us-car-repossessions-economy?CMP=Share_iOSApp_Other
https://redd.it/1o969so
@r_econ
the Guardian
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans
Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy
Trump tariffs to cost companies $1.2 trillion, mostly hitting consumers
https://www.axios.com/2025/10/16/trump-tariffs-cost-china
https://redd.it/1o9i6n3
@r_econ
https://www.axios.com/2025/10/16/trump-tariffs-cost-china
https://redd.it/1o9i6n3
@r_econ
Axios
Trump tariffs to cost companies $1.2 trillion this year, mostly hitting consumers, study finds
S&P Global said its estimate of additional expenses for companies is likely conservative.
China’s $4.5 Trillion Flows Mark Tipping Point in Market Opening
https://www.bloomberg.com/news/articles/2025-09-10/china-s-4-5-trillion-flows-mark-tipping-point-in-market-opening
https://redd.it/1o9u93k
@r_econ
https://www.bloomberg.com/news/articles/2025-09-10/china-s-4-5-trillion-flows-mark-tipping-point-in-market-opening
https://redd.it/1o9u93k
@r_econ
Bloomberg.com
China’s $4.5 Trillion Flows Mark Tipping Point in Market Opening
“Made in China” labels have come to dominate global goods trade — much to the chagrin of US President Donald Trump — even as the nation’s financial markets remained walled off from the world.
Everyone, including the US, is living in delusional debt bubbles. The tsunami of Inflation is just around the corner.
https://redd.it/1o9visn
@r_econ
https://redd.it/1o9visn
@r_econ
S&P cuts France’s credit rating as it forecasts higher debt pile
https://www.ft.com/content/1fe41c81-ac0c-4bc2-b760-4d9a3bb15895
https://redd.it/1o9x7gf
@r_econ
https://www.ft.com/content/1fe41c81-ac0c-4bc2-b760-4d9a3bb15895
https://redd.it/1o9x7gf
@r_econ
Ft
S&P cuts France’s credit rating as it forecasts higher debt pile
French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans
This was the most popular car in America in 1970. It cost $3200. And that was three months of salaries of the average American worker. Compare that to the situation now.
https://redd.it/1o9xqg5
@r_econ
https://redd.it/1o9xqg5
@r_econ
The U.S. Is Tiptoeing Away From Many of Trump’s Signature Tariffs
https://www.wsj.com/politics/policy/trump-tariffs-reciprocal-exemptions-e36f1216
https://redd.it/1oa1bd0
@r_econ
https://www.wsj.com/politics/policy/trump-tariffs-reciprocal-exemptions-e36f1216
https://redd.it/1oa1bd0
@r_econ
The Wall Street Journal
The U.S. Is Tiptoeing Away From Many of Trump’s Signature Tariffs
The administration is considering lifting duties on some products not produced in the U.S.