Atlanta Federal Reserve
US retail sales rebound moderately; underlying trend remains firm
Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.
16th President
Joy Behar Suggests Trump’s Plan To Eliminate Pennies Stems From Jealousy Of Lincoln
“The View” host Joy Behar said on Tuesday’s show that 47th President Donald Trump’s call to dismantle the production of the penny was only because he was “jealous” of America’s 16th President, Abraham Lincoln, whose face appears on the coins.
American disaster relief
Musk Reveals FEMA Spent $59M On ‘Luxury Hotels’ For Illegal Aliens Last Week Alone
Department of Government Efficiency (DOGE) head Elon Musk revealed that the Federal Emergency Management Administration (FEMA) spent $59 million last week to house illegal aliens in “luxury” New York City hotels.
Blake Wolf
Trump Halts Treasury Penny Production To Cut Waste, As The Process Costs More Than What The Coins Are Worth
President Donald Trump announced on Sunday that the U.S. The Treasury will stop producing pennies as the production costs more to make than it’s worth.
ADP National Employment
US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
air traffic control
Feds Slam JetBlue With $2M Fine For ‘Chronic Flight Delays’
The U.S. Department of Transportation announced a $2 million fine against JetBlue for “operating multiple chronically delayed flights,” marking the first such penalty by the federal agency.
Bureau of Economic Analysis
Sharp downgrades to US unit labor costs bode well for inflation outlook
U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Aditya Bhave
Motor vehicles, electronic goods lift US retail sales in October
Retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods.
3M
Wall Street tumbles as yields jump; Verizon slides
U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
appliance stores
Strong discretionary spending lifts US retail sales in September
Retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars.