Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.html
https://redd.it/1o8ewk0
@r_econ
https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.html
https://redd.it/1o8ewk0
@r_econ
CNBC
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative.
California to become first state to sell cheap insulin through state-backed program
https://ktla.com/news/california/california-to-become-first-state-to-sell-cheap-insulin-through-state-backed-program/
https://redd.it/1o8c8yp
@r_econ
https://ktla.com/news/california/california-to-become-first-state-to-sell-cheap-insulin-through-state-backed-program/
https://redd.it/1o8c8yp
@r_econ
KTLA 5
California to become first state to sell cheap insulin through state-backed program
California will begin offering its own brand of low-cost insulin in 2026, becoming the first state to contract for and sell an affordable version of the drug to residents, Gov. Gavin Newsom announc…
Trump's Plot To Weaponize The IRS Against Democrats Is Revealed In Bombshell Report
https://www.elhayat-life.com/2025/10/16/trumps-plot-to-weaponize-the-irs-against-democrats-is-revealed-in-bombshell-report/
https://redd.it/1o8gvy2
@r_econ
https://www.elhayat-life.com/2025/10/16/trumps-plot-to-weaponize-the-irs-against-democrats-is-revealed-in-bombshell-report/
https://redd.it/1o8gvy2
@r_econ
Breaking News
Trump's Plot To Weaponize The IRS Against Democrats Is Revealed In Bombshell Report
The Trump administration is restructuring the Internal Revenue Service's (IRS) Criminal Investigations Unit to better target left-wing groups and donors,
Argentines Dump the Peso, Betting US Rescue Is Doomed to Fail
https://www.bloomberg.com/news/articles/2025-10-16/argentines-dump-the-peso-betting-us-rescue-is-doomed-to-fail?srnd=homepage-americas
https://redd.it/1o8dz8o
@r_econ
https://www.bloomberg.com/news/articles/2025-10-16/argentines-dump-the-peso-betting-us-rescue-is-doomed-to-fail?srnd=homepage-americas
https://redd.it/1o8dz8o
@r_econ
Bloomberg.com
Argentines Dump the Peso, Betting US Rescue Is Doomed to Fail
Argentines are convinced that even a flood of cash from the US won’t be able to stop another painful devaluation of the peso.
K-shaped economy: Why the wealthy are thriving as most Americans fall behind
https://www.pbs.org/newshour/show/k-shaped-economy-why-the-wealthy-are-thriving-as-most-americans-fall-behind
https://redd.it/1o8l493
@r_econ
https://www.pbs.org/newshour/show/k-shaped-economy-why-the-wealthy-are-thriving-as-most-americans-fall-behind
https://redd.it/1o8l493
@r_econ
PBS News
K-shaped economy: Why the wealthy are thriving as most Americans fall behind
The markets have climbed higher despite continuing concerns around the shutdown, tariffs and inflation. The S&P 500 and Nasdaq have set records more than 30 times this year and other data suggest the economy is chugging at a steady clip. But for the majority…
Gold ripping again tonight. It’s a complete loss of confidence in fiat currencies.
https://redd.it/1o8p5kd
@r_econ
https://redd.it/1o8p5kd
@r_econ
Am I crazy or Donald Trump is a chimp and China doesn't really want to deal with a chimp?
Given how ludicrous and unreasonable his demands are, ignoring them is the most logical response. It's like a chimp nuking another country and then demanding it to hand over territory in exchange of nothing. I have no idea what the fuck they're expecting. If I were China, I would just stop exporting any rare earth and let the U.S. collapse while building out my nuclear arsenal.
https://redd.it/1o8odye
@r_econ
Given how ludicrous and unreasonable his demands are, ignoring them is the most logical response. It's like a chimp nuking another country and then demanding it to hand over territory in exchange of nothing. I have no idea what the fuck they're expecting. If I were China, I would just stop exporting any rare earth and let the U.S. collapse while building out my nuclear arsenal.
https://redd.it/1o8odye
@r_econ
Reddit
From the economy community on Reddit
Explore this post and more from the economy community
US banks tap Fed repo facility as overnight rates climb, signalling funding strain
https://theedgemalaysia.com/node/774330
https://redd.it/1o8pz1d
@r_econ
https://theedgemalaysia.com/node/774330
https://redd.it/1o8pz1d
@r_econ
The Edge Malaysia
US banks tap Fed repo facility as overnight rates climb, signalling funding strain
US banks borrowed US$6.5 billion (RM27.48 billion) from the Federal Reserve's Standing Repo Facility (SRF) on Wednesday, central bank data showed, and repurchase rates rose, suggesting tightness in meeting funding obligations with a large net Treasuries settlement…
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
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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.
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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…