Misbehaving Inflation Expectations

Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived.

The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.

The New York Times - 4d

3/9: CBS Weekend News

Trump doesn't rule out recession, rising inflation; Vineyard owner has winery dog cloned

CBS News - 2d

Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick's Sporting Goods issued weak guidance for 2025 as consumers contend with tariffs, persistent inflation and fears around a potential recession.

CNBC - 1d

Small Businesses Still Struggle to Hire, Despite Rising Recession Fears

The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.

Inc. - 1d

Japan struggles to adapt to an era of rising prices

The return of inflation was meant to restore a more ‘normal’ economy. But it has been a bumpy ride for both consumers and companies

Financial Times - 17h

Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation

Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.

CBS News - 10h

SpaceX Scrubs Launch of NASA SPHEREx and PUNCH Missions

The spacecraft, SPHEREx and PUNCH, had been expected to launch on a SpaceX rocket on Saturday.

The New York Times - 3d

NHS England chair warns on upheaval at top ranks of health service

The Department of Health and Social Care is also expected to be hit by an efficiency drive

Financial Times - 1d

Manchester United reveals plans for new 100,000-seater stadium

Arena is expected to cost at least £2bn and be the ‘centrepiece’ of a major regeneration project

Financial Times - 1d

Airline earnings face bumpy ride amid first-quarter ‘parade of horribles’

TD Cowen analysts expect airline stocks to remain volatile.

MarketWatch - 9h

Decoding the Ukraine ceasefire plan line by line

The US is expected to present a 30-day ceasefire proposal to Russia in the coming days.

BBC News - 7h

NL East season preview: Can the Braves bounce back? What should we expect from Juan Soto’s first year with the Mets?

With Opening Day 2025 just around the corner, we begin our MLB division previews with a look at the National League East.

Yahoo Sports - 1d

Here’s where the jobs are for February 2025 – in one chart

February marked another strong month for health care despite job growth overall coming in weaker than expected but stable.

CNBC - 5d

Chipmakers are finding that good earnings aren't enough to please Wall Street

After investors poured into semiconductor stocks last year, expectations are high, and companies are having trouble making Wall Street happy.

CNBC - 5d

Private Prisons Are Ramping Up Detention of Immigrants and Cashing In

The Trump administration is expected to use thousands more beds in these facilities as part of its mass deportation effort.

The New York Times - 5d

Mariners shut down pitcher George Kirby with shoulder inflammation, likely to place him on IL

Seattle general manager Justin Hollander expects Kirby to miss the first two weeks of the regular season.

Yahoo Sports - 4d

Yankees' Giancarlo Stanton says elbow injuries are 'severe,' surgery would be season-ending if needed

Yankees slugger Giancarlo Stanton is expected to begin the season on the IL due to elbow injuries, but could be out a significant amount of time.

Yahoo Sports - 4d

House unveils stopgap measure to keep government funded, avert shutdown

The continuing resolution bill will go to the House Rules Committee on Monday and a floor vote is expected Tuesday.

CBS News - 3d

Civil Service reforms will be radical, minister vows

Measures including linking the pay of senior civil servants to performance are expected to be unveiled this week.

BBC News - 3d

What Cooper Flagg Is Doing Is One of One, and It Deserves to Be Recognized

The expected No. 1 pick in this summer’s N.B.A. draft has a strong case for N.C.A.A. basketball’s player of the year award.

The New York Times - 3d

LeBron James injury: How the Lakers can survive the next few weeks without the face of the league

James is expected to miss at least 1-2 weeks due to a groin strain suffered during Saturday's game

CBS Sports - 3d

Here’s why Ozempic maker’s new weight-loss drug isn’t good enough for investors

New trial data showed CagriSema led to “superior” weight loss, but at a rate much less than original expectations of 25%.

MarketWatch - 2d

Championship top-two fight will go to wire - Wilder

Sheffield United manager Chris Wilder expects the battle for automatic promotion to the Premier League to go all the way.

BBC News - 2d

Ontario says it will slap a 25% surcharge on US-bound electricity

The move is in retaliation to Trump's tariff threats on Canada, and is expected to raise energy costs for 1.5 million US homes.

BBC News - 2d

DOGE chief Elon Musk says he's running businesses 'with great difficulty' as Tesla shares tank

The Tesla CEO Musk said he expected to realize $1 trillion in government savings for the Trump administration as part of the DOGE project.

CNBC - 1d

Suns reported asking price for Kevin Durant will include three first-round picks, young player

Durant and the Suns are expected to part ways this summer and the bidding will be high for the future Hall of Famer.

Yahoo Sports - 1d

Can Mikel Arteta lead Arsenal to glory or is another change inevitable? | The Cooligans

Arsenal's challenges this season have been put under the microscope. Are the Gunners meeting expectations, or is change on the horizon?

Yahoo Sports - 1d

What lies behind the dramatic shift in markets

The sudden change in investors’ growth expectations for the three largest economies is upending many consensus trades

Financial Times - 1d

House to vote on government funding bill as shutdown deadline approaches

The House is expected to vote Tuesday on a stopgap measure to keep the government funded through September, days before Friday's shutdown deadline.

CBS News - 1d

Elon Musk was right — Social Security is a Ponzi scheme

Social Security is unsustainable. The rare, brave soul who admits this truth can expect to suffer the consequences.

The Hill - 10h

Echoing a Roman Emperor, Croatia Tries to Cap Soaring Prices

Diocletian, who once ruled territory that now includes Croatia, tried and failed to rein in inflation by dictating prices. Today’s government hopes its own such plan will succeed.

The New York Times - 3d

Trump doesn't rule out possibility of recession, Chinese retaliatory tariffs go into effect

President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. ...

CBS News - 2d

DOJ investigates U.S. egg producers amid soaring prices

The Department of Justice is investigating major U.S. egg producers for price fixing, as costs continue to rise. It comes as some lawmakers and advocacy groups accuse top U.S. egg producers of ...

CBS News - 2d

Dow falls 1,000 points, Nasdaq dives more than 4% as stock selloff gathers steam

Major stock indexes tanked Monday, continuing a sell-off that gathered steam last week as rattled investors began zeroing in on the prospect of a significant falloff in U.S. growth amid persistent ...

NBC News - 2d

How federal lands can be used to ease the housing crisis

President Trump's pledge to open up federal land for housing construction could alleviate the housing market's top financial worry, which is inflation, by making homeownership more affordable.

The Hill - 2d

BlackRock's Fink says Trump deportations will have severe impact on agriculture, construction

"I think that over the next six to nine months, we're going to see a little more elevated inflation," Fink said the CERAWeek by S&P Global energy conference.

CNBC - 2d

Short-term Treasury yields remain near mid-October lows as investors await CPI report and more tariff talks

Bond yields ended higher Tuesday as investors monitored the tariff front, awaited a key inflation report out Wednesday and stayed on guard about a slowing U.S. economy.

MarketWatch - 1d

‘Economic self-harm’: Australia says it won’t impose reciprocal tariffs on U.S.

Australia said it will not impose reciprocal tariffs on the U.S. after President Trump ruled out exemptions or exceptions for all countries on steel and aluminum tariffs, saying it would only ...

NBC News - 12h

Republicans want to repeal Biden’s climate legacy. Good luck with that.

President Trump has used funding pauses and Elon Musk's Department of Government Efficiency to target climate initiatives by the federal government, but will need the help of Congress to repeal the ...

The Hill - 3h

Trump to sign executive order limiting Public Service Loan Forgiveness program

President Donald Trump is expected to sign an executive order excluding certain student loan borrowers from the Public Service Loan Forgiveness program.

CNBC - 4d

Latest in Misbehaving Inflation Expectations

Topics