The fallout from President Donald Trump’s trade war continues as another company announces it will raise prices. During its latest earnings call, Illinois-based Caterpillar said that the U.S. government’s import tariffs will increase material costs in the second half of 2018 by as much as $200 million. With supply chains having a challenge to limit […]
Archives for July 2018
Week in Review: July 23 to July 29
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: U.S. may slap tariffs on all Chinese products Do markets still care what Trump tweets? The War on Ladies Who Drive You Home from the Hospital TROLL: Donald […]
Random Friday: debt servicing payments, Block in NYT, Venezuela solves hyperinflation
News Story of the Day: Interest rates are climbing, and the Federal Reserve will likely raise rates two more times this year. This means, borrowing will become a lot more expensive, both for you and the government. Just take a look at the bond market. The yield on the 10-year U.S. Treasury note is trading around […]
As Facebook stock crashes 20%, Snap shares are still below post-IPO
Facebook shares are cratering midweek, wiping out more than $20 billion in market value. This is the second time in 2018 that the social media empire has seen its stock crash – the first one was when it endured a privacy scandal. But as the market turns its attention to Facebook, there is another tech […]
$12 billion bailout to farmers is Trump’s road to socialism
By: Tho Bishop Today the Trump administration is announcing a $12 billion bailout plan for farmers impacted by the response from the Trump administration’s tariffs. As Politico reports: The administration’s plan is expected to use two commodity support programs in the farm bill, as well as the Agriculture Department’s broad authority to stabilize the agricultural economy during times of […]