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Friday, January 16, 2026

Tag: US economy

Michael Bloomberg Warns White House Fed Attacks Are Dangerous Overreach

Billionaire Michael Bloomberg says White House criticism of the Federal Reserve threatens economic stability, could trigger recession, and must stop.

JPMorgan, Citi See Resilient US Consumer Despite High Rates

Top US banks report strong consumer spending and manageable credit stress, offering a contrasting view to retailer warnings about affordability pressures.

Kevin O’Leary Warns US Power Grid Can’t Support AI, Lags Behind China

Billionaire investor Kevin O'Leary says US built 'zero' new power capacity vs China's 500 GW, threatening AI growth. He also criticises Fed policy and tariffs.

Trump’s 10% Credit Card Rate Cap: Savings vs. Access Debate

Analyzing the potential impact of Trump's proposed 10% credit card interest cap: $100B in consumer savings vs. risks to credit access for millions.

Consumer Confidence Plunges to 7-Month Low Amid Economic Worries

US consumer confidence fell sharply in November, missing forecasts as inflation concerns and political uncertainty weighed on American households.

Jamie Dimon Warns US Heading Toward European Economic Decline

JPMorgan CEO warns anti-business policies could push America toward European-style economic stagnation unless cities reverse course on regulations and taxes.

Ford CEO Warns of US Workforce Crisis Despite $120,000 Salaries

Ford CEO reveals 5,000 skilled jobs go unfilled despite six-figure pay as America faces a national skilled labor shortage threatening manufacturing and infrastructure.

Trump Defends Tariffs, Promises $2,000 Dividend From Revenue

Former President Trump calls tariff opponents 'fools' and announces $2,000 per person dividend plan as Supreme Court examines legality of his trade policies.

Trump Promises $2,000 Dividend to Americans, Claims Tariffs Generate Trillions

Former President Trump announces $2,000 dividend for most Americans while claiming tariff policies have made US the world's richest nation with record 401(k) values.

US Government Shutdown Sets Record, Costs $15 Billion Weekly

The longest government shutdown in US history enters day 36, costing up to $15 billion weekly and threatening Q4 economic growth with widespread impacts.

Fed’s Powell Admits AI Job Loss Fears Are Real and Growing

Federal Reserve Chair Jerome Powell confirms AI is causing hiring freezes and job cuts, creating a major policy challenge for the US economy.

AI Boom Widens Wealth Gap: Western Billionaires Outpace Asia

New report reveals AI revolution benefits Western billionaires more than Asian counterparts as China's slowdown impacts regional wealth creation.