U.S. Consumer Confidence Slips as Inflation and Gas Prices Weigh on Households

U.S. consumer confidence weakened slightly in May as Americans grew more worried about inflation, especially price pressures linked to the war with Iran and higher energy costs. Seemingly, the Conference Board’s consumer confidence index slipped to 93.1 in May, down from an upwardly revised 93.8 in April. Economists had expected a deeper drop to 92.0, […]

Opens Door to Lower Tariffs on Some Chinese Goods After Trump-Xi Trade Talks

The U.S. government plans to ask the public which Chinese goods should qualify for lower tariffs, signaling a cautious new phase in Washington’s trade relationship with Beijing. U.S. Trade Representative Jamieson Greer said the administration will seek public comment on products that could be eligible for tariff reductions. The move follows recent Trump-Xi talks and […]

Texas Barbecue Icons Fight to Survive as Beef Prices Turn Brisket Into a Luxury

Texas barbecue, one of the state’s most famous culinary traditions, is facing a serious economic crisis as meat prices surge and restaurant owners struggle to keep their doors open. Rising beef costs, especially for brisket, have forced some beloved barbecue spots to close and left even highly rated restaurants operating in “survival mode.” Brisket, long […]

JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation

JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]

Tulsi Gabbard Resigns as Intelligence Chief After a Turbulent Tenure Under Trump

Tulsi Gabbard is stepping down as Director of National Intelligence, ending a brief but turbulent tenure at the center of President Donald Trump’s national security team. Gabbard’s last day will be June 30, 2026, because she cited her husband’s diagnosis with a rare form of bone cancer as the reason for leaving government service. Her […]

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