All right, folks. Um, I'm going to take up on that. No, forever Powell.That's the subject of the riff. So, it looks like a legal battle between Fed Chairman J. Powell and President Donald Trump with #free Kevin Walsh caught in the middle.Now, I'm betting on Mr. . Trump and I'm betting on Mr. . Walsh, but it's a very hinky story right now.Allstar Washington watcher Dan Clifton, as Traigus put it well by noting that J. Pal's press conference yesterday had a more negative impact on stocks than a huge attack on ...

After months of discussion around President Donald Trump's signature One Big Beautiful Bill Act (OBBBA), financial advisors and clients are finally feeling the impact this tax filing season. New data from the nonpartisan, nonprofit Tax Foundation shows exactly how the changes will affect individual taxpayers across the country, offering the first geographically detailed and dollar‑focused picture of the law's implications for households and planning strategies.The Tax Foundation researchers analyzed the e ...

Tax season usually lands with all the excitement of a dentist appointment. You gather your forms, cross your fingers and hope the number at the end doesn’t ruin your mood. But this year? For a lot of middle-class households, that refund might hit a little differently. Between stubborn grocery prices, still-weird housing costs and the general “Why is everything expensive?” vibe, even a routine tax refund can feel less like a bookkeeping correction and more like a surprise boost. Read More: I’m an Accounta ...

It's only half but I [music] don't care. It's 5:00 somewhere. This [music] lunch break is going to take all afternoon after night.>> [music] >> Ladies and gentlemen, please welcome to the stage Secretary of Energy Chris Wright. >> Hello, Corpus. Awesome to be here with you all.President Donald J. Trump was elected overwhelmingly on a simple agenda. He was going to make America great again. How do you make America great again. Is you make the lives of Americans great.You bring that American dream closer in r ...

Economic Policy and Tax Cuts - The president's recent speech emphasized the benefits of a significant bill passed in 2025, with $150 billion in new tax cuts for American workers expected to be realized in 2026 [1] - Businesses will benefit from $200 billion in capital investment due to 100% expensing of capital equipment, R&D, and property [1] - The administration is not expected to pursue large new tax cuts following the recent reconciliation bill, focusing instead on smaller measures like housing and infrastructure [1] Housing Market and Financial Sector - Housing stocks declined due to the lack of a comprehensive housing plan, with specific bills like manufactured housing expected to be introduced [2][4] - Financial deregulation is seen as a priority, with the potential to lower mortgage rates, which are currently at their lowest in four years [4][5] - The performance of bank stocks is more closely tied to the yield curve rather than financial deregulation, indicating a challenging environment for financial institutions [6][7] Defense and Technology - The president's speech included a warning about Iran's missile capabilities, which could provide a pretext for military action if negotiations fail [1] - There was a lack of discussion on AI, which is currently unpopular among voters, but there are plans to facilitate tech companies in building data centers to circumvent local opposition [2]

Group 1 - President Trump delivered a State of the Union address emphasizing hope and pride in the American spirit, lasting an hour and 48 minutes [2] - The address highlighted Trump's record and promised improvements for all Americans, with Republicans aiming to leverage this speech to boost their midterm agenda [3] - The GOP's chances of maintaining control in the upcoming elections are discussed, with historical context provided regarding off-year elections and competitive races [4][5] Group 2 - The current political landscape shows a disparity in funding between Republicans and Democrats, with Republicans reportedly having more financial resources [6] - The GOP is facing challenges with a high number of retirements in the House, which could impact their majority [7] - The discussion includes the importance of voter ID laws and the perceived need for proof of citizenship to vote, reflecting ongoing debates about election integrity [30][33] Group 3 - The impact of the government shutdown is noted, with claims that it affects less than 5% of the government, but it is suggested that it could hurt GDP growth [34][35] - The ongoing shutdown is linked to funding issues for agencies like FEMA and TSA, which are critical for public services [34][35] - The conversation touches on the potential for tariffs to generate revenue, with claims that they could replace income tax in the future [25][26]

economic agenda hasn't tanked the economy]."Read morePartner Links## Related Articles[Sticky Inflation Likely to Keep Fed on Hold Despite Weaker Economy][Fed Minutes Show Division as Rate Cuts Remain on the Table][The Economy Is Growing: So Where Are The New Jobs?][The Fed's Favorite Measure Of Inflation Was Hotter Than Expected at the End of 2025][GDP Report Live: Despite Growth Slowdown, 'Core of the Economy is Resilient'][What To Expect From Friday's Report On Inflation][What To Expect From Friday's Repo ...

Group 1: Tariff Costs and Impact - A Federal Reserve Bank of New York study found that nearly 90% of the cost of President Trump's 2025 tariffs was borne by US firms and consumers, contradicting claims that foreign countries were responsible for the costs [1][4][9] - In the first eight months of 2025, 94% of tariff costs were absorbed by American businesses and consumers, with this share decreasing to 92% in September and October, and further to 86% in November as foreign exporters began to take on more costs [1][2][9] Group 2: Revenue and Economic Effects - The US collected $30 billion in customs duties in January alone, leading to a fiscal year-to-date total of $124 billion, which represents a 304% increase from the same period a year earlier [10] - For the calendar year 2025, tariff collections reached $287 billion, nearly tripling the previous year's total, with projections indicating that levies will raise $171.1 billion in 2026, marking the largest tax increase since 1993 [10] Group 3: Domestic Investment and Supply Chain Diversification - Tariffs have reportedly spurred domestic investment and supply-chain diversification, with companies like Stellantis pledging $13 billion, Toyota $10 billion, and Apple announcing $600 billion in US investment [12] - China's share of US imports has decreased to below 10% in 2025, down from nearly 25% in 2017, as Mexico and Vietnam have gained market share, which advocates argue reduces dependence on a single foreign supplier [13]

Core Insights - The January jobs report exceeded expectations, with the American workforce adding 130,000 jobs, indicating a resilient economy [1][4] - The unemployment rate stands at 4.3%, slightly better than the anticipated 4.4%, reflecting renewed strength in the labor market [7] Economic Impact - The job growth is attributed to a favorable economic environment created by tax cuts, which provide businesses with the certainty needed to hire and expand [2][4] - The report suggests that the economy is gaining momentum, with growth accelerating from just under 4% in Q2 to 4.4% in Q3, leading to increased hiring [8] Sector Performance - Job gains were primarily concentrated in healthcare and construction, while sectors like retail trade and financial activities experienced job losses of 25,000 and 7,000 respectively [8] - The report highlights that the job creation is driven by private sector confidence rather than public sector employment, indicating a healthier economic outlook [8]

Core Insights - New tax laws significantly reduced Amazon's U.S. corporate income taxes by more than half in 2025, despite a rise in profits [1][2] - Amazon's U.S. taxes decreased from $9 billion to $1.2 billion, with federal income taxes on a cash basis dropping from $7 billion to $2.8 billion, while pretax U.S. profit increased by 44.5% to $89.5 billion [2] Tax Law Changes - The tax cuts are attributed to two changes in tax law signed by President Trump, allowing immediate deductions for certain capital investments and new domestic research [3] - Much of the equipment used in Amazon's data centers qualifies for these immediate deductions [4] Amazon's Investment and Tax Strategy - Amazon reported spending $340 billion on operating costs and capital investments in U.S. data centers in 2025 [4] - The company stated that the tax code changes encourage greater investment in the American economy, reflecting its significant U.S. investments [5] Broader Industry Context - The White House's legislation aims to incentivize domestic manufacturing with full 100% expensing for new factories and equipment [6] - AI-related infrastructure spending by Big Tech is projected to exceed $2.8 trillion through 2029, driven by early investments and rising demand for enterprise AI [6] - Citigroup forecasts capital expenditures among hyperscalers to reach $490 billion by the end of 2026 [7]