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The Latest Breaking News from Brett House

The Federal Reserve Is Expected To Keep Rates On Hold. Here's Why Borrowing Costs May Stay High

The Federal Reserve is widely expected to leave interest rates unchanged at its July policy meeting, a move that would keep borrowing costs elevated for millions of Americans even as inflation has shown signs of easing.

International Business Times

'When Did I Promise $2,000 Checks?': Trump Disowns His Own Truth Social Post as Experts Say Odds Are 'Effectively Zero'

President Trump's promise of a $2,000 tariff dividend is questioned due to legal challenges and fiscal impracticalities, leaving many Americans uncertain about the pledge's fulfillment.

International Business Times UK

‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans

Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for wider economy

The Guardian - US

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First Brands: why a maker of spark plugs and wiper blades has Wall Street worried

Investors fear that the collapse of the car parts company – and the size of its debt – could portend wider problems

The Guardian - US

As US edges closer to stagflation, economists blame Trump policies

Recent data shows stagflation, stagnant growth and price inflation, is possible as economy shaken by uncertainty

The Guardian - US

As Trump pushes Supreme Court to uphold his tariffs, he signals trade deals will be defunct if he loses the case: 'I guess we'd have to unwind them'

“If we don't win that case, our country is going to suffer so greatly, so greatly,” the president said on Wednesday.

Fortune

CFOs need a new 'playbook' for tariff-fueled uncertainty

The Fed's decision to hold rates steady underscores a critical reality for business leaders, according to economists.

Fortune

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Trump’s ‘America first’ policy is complicating business of making cars

Tariffs on imported cars and auto parts will sharply increase prices, hitting demand and jobs, experts say.

Al Jazeera

Trump’s tariffs unleash ‘existential fight’ for Canada

Even if blanket tariffs are revoked, more tailored levies are likely to persist, stoking inflation, analysts say.

Al Jazeera

Millennials Hold Trillions In Wealth—Yet 'Phantom Wealth' Keeps Them Feeling Poor

The reason behind the so-called "phantom wealth" of millennials is quite interesting.

International Business Times

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

Fortune

BofA CEO says U.S. economy is the envy of the world—but could lose its power due to national debt

Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its “eyes and stomach in line.”

Fortune

Politicians have gone silent over the finance industry’s favorite tax loophole. Has private equity won the carried interest debate for good?

PE firms get taxed at lower rate than many U.S. workers

Fortune

The ‘X Date’ is when the U.S. could run out of cash—and experts fear a looming election could mean no Treasury Secretary to steady the ship

"Could the car crash? It absolutely could. Do I think it’s likely to do so? No."

Fortune

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Fortune

What CFOs need to know about the latest inflation and wage growth data

Economists weigh in on interest rates and new research that points to labor costs having a small effect on overall inflation.

People

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