Economists

Target has started offering discounts to clear out excess items from its inventory.

Any government that is a national-security state needs big official enemies — scary ones, ones that will cause the citizenry to continue supporting not only the continued existence of a national-security state form of government but also ever-growing budgets for it and its army of voracious “defense” contractors.

The Fed hiked rates by a stunning (but expected) 75bps - the biggest hike since 1994. Esther George dissented (preferring 50bps).

CNBC on-air editor Rick Santelli reacted in live time Friday as abysmal new inflation numbers dropped, blasting the Biden administration for its hostile energy policies.

The cracks that have started to emerge in the post-pandemic recovery grew a bit more visible in the May jobs report.

When President Joe Biden arrived in his home state of Delaware on Friday, he was greeted by new calls to enact a student loan debt forgiveness plan that goes far beyond his campaign pledge.

Inflation is plaguing American households amid the recovery from COVID-19 and the lockdown-induced recession. On Memorial Day — more than two years after the onset of COVID-19 — rising price levels are still making Americans’ wallets much lighter.

No word on whether that was on the menu at Davos.

The Biden administration’s dramatic expansion of the role of the federal government in business, banking, and society, and sharp break from the deregulatory approach of the Trump presidency

51% of Americans say economy is bigger concern than Russia-Ukraine conflict.