The United Auto Workers (UAW) labor union is condemning Hyundai for what it calls a "disgraceful record on worker safety" following an immigration raid at an electric car battery factory in Georgia. Most of the 475 people detained on Sept. 4 under suspicion of being in the United States illegally – with at least 300 reportedly hailing from South Korea – were employees of subcontractors, rather than direct employees, LGES and Hyundai Motor Company have said, according to Reuters."For years, Hyundai—including ...

Home prices are rising, which is boosting American homeowners' net worth – though those gains may be eroded by stubbornly high inflation. Data from Realtor.com showed that median home listing prices were up 0.5% in July from a year ago, though the outlet noted in a report that inflation has outpaced those gains and is up 2.7% year over year.That dynamic is known as home equity erosion and occurs when the value of a home rises at a pace that isn't enough to keep up with inflation. As inflation rises at a fas ...

South Korea’s foreign minister departed for the U.S. on Monday following the mass immigration raid by U.S. government officials on the Hyundai-LG battery factory in Georgia last week when some 300 South Koreans were detained.  While speaking with reporters ahead of his trip to the U.S., South Korean Foreign Minister Cho Hyun called it "a grave situation" and said he was in communication with Washington after U.S. immigration authorities on Friday arrested 475 individuals from the plant near Savannah in what ...

Few people think about the Federal Reserve when choosing their lucky Powerball numbers.  Yet, Saturday’s drawing, the third-largest jackpot in U.S. history, is fueled in part by the Fed’s high interest rates. When officials at the Fed and President Donald Trump debate rates, they are most likely not concerned about lottery jackpots. But the unusual stretch of higher rates shows how the same decision can cut both ways—costing some Americans money while boosting the savings of others.  POWERBALL TICKETS SOLD ...

National Economic Council Director Kevin Hassett said on Sunday that the Federal Reserve's monetary policy decisions shouldn't be subject to political influence amid the Trump administration's calls for the central bank to cut interest rates. Hassett appeared on CBS News' "Face the Nation," where host Margaret Brennan cited a CBS poll that found 70% of Americans want the Fed to make decisions independently of President Donald Trump, though 59% of Republicans want the Fed to be guided by what Trump wants. Sh ...

Core Insights - The U.S. government collected $31.4 billion in tariff revenues in August 2025, marking the highest monthly revenue to date for the year [1] - Total tariff revenue for 2025 has exceeded $183.6 billion, indicating a significant impact of trade duties on the economy [1] - The increase in tariff revenue is attributed to the Trump administration's efforts to maintain global duties despite legal challenges [5] Revenue Trends - Tariff revenues have shown a steady increase from $17.4 billion in April to $23.9 billion in May, reaching $28 billion in June and $29 billion in July [2] - As of early September, the U.S. has generated just over $1 billion in tariff revenue, suggesting a potential for significant revenue collection in the coming months [4] Legal and Political Context - A federal appeals court ruled that President Trump exceeded his authority in imposing tariffs through emergency powers, although this decision does not affect tariffs on steel and aluminum [5] - The Justice Department plans to appeal this ruling to the Supreme Court, with the current tariffs remaining in place until mid-October [7] - Treasury Secretary Scott Bessent expressed confidence that the administration would prevail in the Supreme Court, with projections that tariff revenue could exceed $500 billion [8] Economic Implications - The burden of tariff costs often falls on consumers, as businesses typically raise prices to offset the import taxes [8]

Core Viewpoint - Treasury Secretary Scott Bessent emphasized that the short-term costs of tariffs are outweighed by long-term benefits to U.S. competitiveness, arguing for more time to assess the impact of President Trump's economic agenda [1][4]. Tariff Revenue - The U.S. collected over $31 billion in tariff revenues in August, marking the highest monthly total for 2025, with total tariff revenue for the year exceeding $183 billion [5]. - Bessent indicated that tariff revenue could be utilized to help reduce the national debt, which is currently at $37.4 trillion as of September 5 [5]. Economic Impact - Bessent stated that the Trump administration anticipates a "substantial acceleration" in economic activity in the fourth quarter, highlighting the need for time to build factories and create jobs [4]. - The administration is committed to maintaining global tariff rates, despite a recent appeals court ruling that the power to set tariffs lies with Congress [7][8].

Core Viewpoint - Shares in Kenvue, the parent company of Tylenol-maker McNeil Consumer Healthcare, experienced a significant decline of over 14% following a report indicating a potential link between Tylenol and autism, as suggested by HHS Secretary Robert F. Kennedy Jr. [1][3] Group 1: Company Impact - Kenvue's shares plunged more than 14% in Friday afternoon trading due to the report [3] - The report is expected to be released this month and may highlight the risks associated with Tylenol taken during pregnancy [1] Group 2: Product Information - Tylenol is widely used for pain relief, fever reduction, and treating various symptoms, with acetaminophen as its active ingredient [2] - The medical community has previously deemed acetaminophen-containing products safe for pregnant women [2]

Group 1 - A new ad campaign by Americans for Free Markets (AFFM) praises President Trump for his actions against "debanking," a practice criticized for being politically motivated [1][2] - The campaign, which has a seven-figure budget, will be broadcast during major college football and NFL games, as well as on cable news and digital platforms [2] - The ad highlights the alleged pressure from previous administrations on banks to limit services for certain individuals and businesses, framing it as a violation of freedom [3][6] Group 2 - Debanking is defined as banks closing accounts or denying services, often without explanation, and has been linked to federal anti-money laundering laws [10] - Executives from leading U.S. banks reported that the Obama and Biden administrations exploited ambiguities in federal laws to achieve political goals, including the targeting of specific industries [11] - The ad campaign emphasizes the need for accountability of federal regulators and the importance of a financial system free from political interference [6][13] Group 3 - Trump ended "Operation Choke Point" in 2017, which was aimed at limiting services to certain industries, but accusations have arisen that the Biden administration has revived similar initiatives targeting crypto firms [12]

Group 1 - Stephen Miran, nominated by President Trump for the Federal Reserve Board of Governors, may be confirmed in time for the mid-September rate-setting meeting [1][5] - The Federal Open Market Committee (FOMC) is expected to cut rates in September following Chairman Jerome Powell's indication of a softer policy stance during his Jackson Hole address [1] - The FOMC consists of 12 voting members, including the seven governors of the Federal Reserve Board and the president of the New York Fed [2] Group 2 - Miran's nomination follows the resignation of Federal Reserve Governor Adriana Kugler, which Trump described as a "pleasant surprise" allowing for a candidate more aligned with his economic agenda [6] - Trump has intensified pressure on the Federal Reserve to lower interest rates to 1% to stimulate economic growth, while Powell has maintained a key borrowing rate between 4.25% and 4.5% [9] - If Trump successfully removes Federal Reserve Governor Lisa Cook, he would gain a majority of appointments on the Fed's board, enhancing his influence over U.S. monetary policy [10][11]