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Cleveland-Cliffs closing Steelton facility, hundreds laid off

Cleveland-Cliffs closing Steelton facility, hundreds laid off

May 5, 2025 | Economy, Recession, Tariffs

Trains Staff STEELTON, Pa. — Steelmaker Cleveland-Cliffs has announced plans to temporarily but indefinitely close its Steelton plant near Harrisburg, Pa., one of only three locations in the U.S. making railroad rails. It is one of three U.S. plants the company will...
Recession by Summer Set at 90% by Top Economist

Recession by Summer Set at 90% by Top Economist

Apr 28, 2025 | Economy, Recession, Tariffs

Felix Salmon – Axios If you were president of the United States and wanted to engineer a recession by summer, at least one economist says a very effective way of doing that would be to announce sweeping “Liberation Day” tariffs in April. Why it...
Trump’s Approval Rating Plummets With Nearly All Key Groups: Poll

Trump’s Approval Rating Plummets With Nearly All Key Groups: Poll

Apr 24, 2025 | Economy, Inflation, Recession, Rule of Law, Tariffs

Anna Commander – Newsweek President Donald Trump’s approval rating is in the negatives with nearly all key groups, a new poll from Pew Research Center finds. Trump has routinely touted positive approval ratings and polling during news conferences and...
Trio Of Top CEOs Warn Trump Tariffs Will Empty Store Shelves

Trio Of Top CEOs Warn Trump Tariffs Will Empty Store Shelves

Apr 24, 2025 | Economy, Inflation, Recession, Tariffs

Marc Caputo,  Ben Berkowitz – Axios President Trump got a scare from CEOs and markets on Monday. On Tuesday, he blunted some of his sharpest threats — signaling a softer stance on China and retreating from fiery rhetoric targeting the Fed. Why it matters: The...
Trump attacks Fed chair Jerome Powell for not lowering interest rates

Trump attacks Fed chair Jerome Powell for not lowering interest rates

Apr 17, 2025 | Economy, Recession, Tariffs, Totalitarianism

Jasper Jolly, Tom Ambrose and Joanna Walters – The Guardian Hit Ed.: Trump, whose tariff policy has caused turmoil, says the central bank head’s termination ‘cannot come fast enough.’ Powell’s term ends in May of 2026, if Trump does not try to replace him...
Dow drops 1,300 points, S&P 500 falls nearly 4% as market pares back gains from historic rally

Dow drops 1,300 points, S&P 500 falls nearly 4% as market pares back gains from historic rally

Apr 10, 2025 | Economy, Inflation, Recession, Tesla

Hakyung Kim and Sean Conlon CNBC Stocks fell Thursday, giving back much of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his “reciprocal” tariffs. Investors worried that even with the...
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