cutting

Crypto tycoon worth billions secretly lobbied Trump for a pardon while denying it publicly and cutting deals overseas

Zhao confirmed it himself. “I got lawyers applying,” Zhao said on a podcast, admitting the request came after Bloomberg and The Wall Street Journal reported his pardon bid amid Trump-family links to Binance.US. https://cointelegraph.com/news/changpeng-zhao-cz-binance-asked-trump-pardon He denied it first. Then applied. The denial came in March. His lawyer hire began in February. The pardon request was …

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Powell ain’t cutting rates

Trump misreads Fed’s playbook. Powell ain’t cutting rates😅 pic.twitter.com/IiGQkdh4wi — The Great Martis (@great_martis) July 30, 2025 OH MY US Q2 GDP INITIAL ESTIMATES 3.0% VS 2.6% EXPECTED economy grew in Q2… pic.twitter.com/bdsm6u8Vle — amit (@amitisinvesting) July 30, 2025 Get ready for more inflation. pic.twitter.com/N3KC7Idemh — Spencer Hakimian (@SpencerHakimian) July 30, 2025 You can kiss …

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Turns out cutting labor oversupply still works. Fewer undocumented workers means tighter job markets, which means pay goes up.

According to a new op-ed from the Center for Immigration Studies, nearly 1 million illegals have self-deported under Trump’s renewed enforcement push, aided by cash incentives and digital check-ins. The report ties this exodus to a measurable increase in average wages, particularly in lower-skilled sectors. via CIS: The Washington Post claims “a million foreign-born workers …

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Redbook retail growth slows to 5.2%. Inflation hits food, apparel, and home goods. Even wealthy consumers are cutting back.

Retail is cooling. Not collapsing. But the heat is gone. The latest Redbook Index shows year-over-year growth of 5.2% for the week ending July 19. That’s down from 5.9% the week prior. The sample covers 9,000 stores and represents 80% of the Commerce Department’s retail data. It’s nominal. Not inflation-adjusted. So the real story is …

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France proposes cutting Easter Monday and May 8 holidays to close €43.8B budget gap. Pensions frozen. Deficit still at 5.4%.

France’s government is running out of options. On July 15, Prime Minister François Bayrou proposed eliminating two national public holidays to help close a €43.8 billion budget gap in the 2026 fiscal plan. The move is part of a broader austerity package aimed at reducing the deficit from 5.4% of GDP to 4.6% next year. …

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Microsoft is cutting 9,000 jobs while seeking 14,181 new H-1B visa workers this year.

As the technology sector faces a wave of layoffs, demand for H-1B visas, which enable U.S. companies to employ skilled foreign professionals in specialized roles, continues unabated. Microsoft, a dominant force in the industry, is reportedly set to reduce its U.S. workforce by approximately 9,000 jobs in 2025, following an earlier elimination of over 6,000 positions in …

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China slashes rare-earth exports in record drop, cutting US supply by 93%; US economic activity is deteriorating

BREAKING: China’s total export volumes of rare-earth magnets fell -74% year-over-year in May, the biggest monthly decline on record. This comes after a -45% drop seen in April. Total rare-earth magnet exports reached 1.2 million kilograms last month, the least since February… pic.twitter.com/AuqJRTrVkB — The Kobeissi Letter (@KobeissiLetter) June 23, 2025 🚨US economic activity is …

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More families across all age groups and income levels are cutting back on essential spending like food and medical care

This trend, especially the big jump among those earning $70,000 to $149,999, suggests people are feeling the pinch of tighter finances, which could signal broader economic stress and potentially slow down growth if spending keeps dropping. Big Short 2 coming ? pic.twitter.com/TFC4M17Yuy — Simon R.R.B (@BachSimon) May 20, 2025 Translation: The middle class is going …

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Paul Tudor Jones: “For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market,”

“For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market,” 👇🏼 pic.twitter.com/4q3f48LSmT — Kalani o Māui (@MauiBoyMacro) May 6, 2025 “We’ll probably go down to new lows, even when Trump dials back China to …

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Republicans battle over cutting federal pensions.

The House Oversight and Government Reform Committee will mark up its portion of the GOP megabill Wednesday, and one Republican on the panel is already coming out against it. In a statement Tuesday, Rep. Mike Turner of Ohio said he would vote against his committee’s contribution to the party-line package to enact President Donald Trump’s policy agenda, …

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ARMY Weighs Cutting 90,000 Active-Duty Soldiers

The Army is quietly considering a sweeping reduction of up to 90,000 active-duty troops, a move that underscores mounting fiscal pressures at the Pentagon and a broader shift in military strategy away from Europe and counterterrorism, according to three defense officials familiar with the deliberations. Internal discussions are exploring trimming the force to between 360,000 …

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Cutting Government Waste – But (D)ifferent

by Martin Armstrong  The Campaign To Cut Waste established an oversight and accountability board that worked to reduce “government waste.” The program saved the US government an estimated $17.6 billion within the first six months of launching. NO—Donald Trump and DOGE were not behind these efforts, as this campaign was initiated by former President Barack …

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All the talk about cutting government waste, yet the first thing House Republicans do is vote to increase deficits.

DOGE was supposed to rein in spending, but when it comes time to act, it’s just more of the same. Trump inherited Biden’s mess, but if reckless spending continues, inflation won’t go away—it’ll get worse. You can’t spend your way out of a debt crisis. If Republicans don’t start making real cuts, they’ll own the …

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29 Republican Senators just voted against cutting $1.5 TRILLION in spending. Thirteen of them are up for re-election in 202

Rand Paul’s amendment to slash at least $1.5 trillion went down in flames, 24-76, with these so-called Republicans joining the Democrats to keep the reckless spending spree alive. Voters won’t forget. 2026 is coming. Rand Paul's amendment to cut spending by at least $1.5 trillion was voted down 24-76 Of course every Democrat voted against …

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Cutting rates was a colossal mistake. Persistent inflation is not a coincidence. It is a policy.

Cutting rates was a colossal mistake. pic.twitter.com/Wd41S5B8Cp — The Great Martis (@great_martis) January 3, 2025 $TLT is not the same as $ZB_F fwiw. 30-year bond futures are quite a ways away from all-time lows. The long-end is on the rise for reasons that include: – Upside economic surprises – Risks of inflation resuming – The …

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Trump acknowledges challenges in cutting grocery prices despite campaign promises to reduce costs.

“President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year. Trump told Time in an hourlong interview for its “Person of the Year” feature that his presidency wouldn’t be a failure if he …

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If the economy wasn’t imploding, why is the Fed cutting rates when everything is at an all-time high?

1. Stocks: all-time highs2. Home Prices: all-time highs3. Bitcoin: all-time highs4. National Debt: all-time highs5. Core CPI Inflation: >3% for 42 straight months, longest run of high inflation since early 1990s6. Fed: cutting rates again in 2 weekshttps://t.co/rQuXrxVpWs — Charlie Bilello (@charliebilello) December 6, 2024 Let me be clear… The NFP numbers are BS! The …

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Ron Paul asked to join Musk’s team in cutting Government Spending.

This is monumental: I'd be happy to talk with you about it, Elon. https://t.co/tjG6O5CpIj — Ron Paul (@RonPaul) November 1, 2024 Someone pinch me…make this so!!! Ron Paul asks to be part of DOGE team with Elon Musk!!! https://t.co/61nAqg5Naj — GrrrGraphics-Ben Garrison 🤠 Cartoons 🇺🇸 (@GrrrGraphics) November 1, 2024 I swear this is the best …

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Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs

Major global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has been low. Virgin Atlantic and Scandinavian Airlines, for instance, are completely withdrawing from China, the companies’ websites show. Virgin Atlantic ceased all flights …

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Cutting rates will be looked back on as a regrettable error. 1970s all over again, only 10² worse.

Cutting rates will be looked back on as a regrettable error. 1970s all over again, only 10² worse. pic.twitter.com/IoztkAs4WV — The Great Martis (@great_martis) October 7, 2024 It's probably nothin.$VIX tremors pic.twitter.com/WxqHi9FYBL — The Great Martis (@great_martis) October 7, 2024 JUST IN 🚨: 10-Year Treasury Yield jumps to 4% for the first time in 2 …

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Cutting DEI saves $1.5 million at UNC.

UNCW was complying with a Board of Governors directive to promote ‘nondiscrimination, equality of opportunity, institutional neutrality, academic freedom and student success.’ The school saved almost $1.5 million as a result of the move, which will now go to benefiting student life on campus. The University of North Carolina Wilmington (UNCW) has eliminated several Diversity, …

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We are screwed. Cutting rates is not going to be good.

The Fed is now playing with fire: Cut interest rates = Asset bubbles form Keep rates same = Severe recession unfolds This is a policy mistake in the making pic.twitter.com/873iqKepEN — Bravos Research (@bravosresearch) September 9, 2024 The equity market rally may stall near record highs even if the Federal Reserve starts a highly anticipated …

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1 in 3 parents say they can’t afford back-to-school shopping this year… Consumers are cutting back on non-essential spending

According to a recent survey by Credit Karma, 1 in 3 parents (31%) say they can’t afford back-to-school shopping this year. This highlights the financial strain many families are experiencing, likely due to factors such as inflation, rising costs of living, and economic uncertainty. 1 in 3 parents say they can't afford back-to-school shopping this …

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Americans are cutting back on groceries to pay for AC

The effects of global warming continue to manifest in new and alarming ways. Shorelines are eroding and destroying homes, airline workers have been injured from exploding soda cans, and hospitals are overwhelmed with patients suffering from heat-related illnesses. And now, climate change is coming for American pantries. Indeed, one in three American households are cutting …

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