Finance

Allowing wealth to distort the economic picture also just makes the state of things more difficult to understand, both for economists and for regular people. The usual economic indicators don’t add up to a coherent picture: Prices go up, consumer-debt delinquencies spike or hiring stagnates, but consumer spending doesn’t pull back and the stock market remains buoyant. Does that mean Americans are actually doing fine?

Mirror: https://archive.is/20250228110307/https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending

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Grenfell Tower: seven organisations face debarment from government contracts (www.theguardian.com)

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US stocks slide as consumer confidence sinks most in four years (www.ft.com)

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Mirror: https://archive.is/2025.02.25-162730/https://www.ft.com/content/b505f510-c902-480f-84c9-f38a58937a3c

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The U.S. Economy Depends More Than Ever on Rich People (www.wsj.com)

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Mirror: https://archive.ph/2025.02.24-183609/https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571

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JPMorgan Wants to Lend Companies Money (www.bloomberg.com)

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Mirror: https://archive.is/2025.02.24-200318/https://www.bloomberg.com/opinion/articles/2025-02-24/jpmorgan-wants-to-lend-companies-money

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Dow tumbles 600 points after weaker-than-expected consumer sentiment, UnitedHealth decline: Live updates (www.cnbc.com)

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Argentine President Milei facing impeachment calls after promoting cryptocurrency whose value has tanked (www.nbcnews.com)

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ESPN.com executive editor reportedly placed on leave amid HR complaints (awfulannouncing.com)

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Thomson Reuters denies involvement in 'large-scale social deception' amid Musk, Trump claims (www.aa.com.tr)

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Tuttle Capital files for ‘alien tech’ ETF (www.ft.com)

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Trump orders Treasury to stop minting 'wasteful' pennies (news.sky.com)

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Robinhood Receives Formal Request from the CFTC to Roll Back the Pro Football Championship Market - Robinhood Newsroom (newsroom.aboutrobinhood.com)

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Low growth and rising prices - it's looking gloomy for the UK (www.bbc.com)

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China hits back at Trump with new tariff on U.S. products (www.nbcnews.com)

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Trump pauses tariffs on Canada for at least 30 days, Trudeau says (www.cnbc.com)

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China threatens to retaliate against Trump tariffs (www.foxbusiness.com)

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Robinhood | Introducing the Pro Football Championship (go.robinhood.com)

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Meta Reportedly In Talks To Reincorporate In Texas, Exit Delaware (www.zerohedge.com)

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Trump Slaps 25% Tariffs On Canada & Mexico, 10% On China (www.zerohedge.com)

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Apple files emergency motion to become defendant in US vs. Google (storage.courtlistener.com)

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Ottawa planning pandemic-level relief for workers, businesses if Trump imposes tariffs (www.theglobeandmail.com)

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cross-posted from: https://thelemmy.club/post/21981698

Sources say the bulk of potential spending on new programs will require legislative approval, which could not take place until Parliament resumes in March

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CNN Cuts About 200 Jobs As Part Of A Further Shift To Digital Business (www.huffpost.com)

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The network also announced a series of schedule changes.