Posts by Amelia Frost
U.S. Sends Back $33.4 Billion in Tariffs in July. Refunds Now Top $100 Billion.
The U.S. government refunded $33.4 billion in tariffs to businesses in July, pushing total repayments above $100 billion since the Supreme Court struck down President Donald Trump‘s sweeping emergency tariffs earlier this year. The July refunds once again exceeded the money the government collected from tariffs during the month. Treasury Department data showed customs duties…
Read MoreSaudi Arabia Scrambles to Avoid Red Sea Attacks. Oil Flows Through Egypt Soar.
Saudi Arabia is dramatically increasing oil exports through Egypt and the Mediterranean as escalating security threats in the Red Sea force the kingdom to rethink how it moves crude to global markets. Oil exports from Egypt’s Mediterranean port of Sidi Kerir have more than doubled in August, reaching about 2.3 million barrels per day compared…
Read MoreTrump’s Portfolio Has Made Many Trades Since Returning To The White House. Democrats Want Information.
Two Democratic senators are seeking information about Trump’s financial disclosures, including stock trades made in his name since he returned to the White House. Anna Moneymaker/Getty Images Two Democratic lawmakers are seeking information about President Donald Trump’s financial disclosures, including stock trades made in his name since he returned to the White House. Sen. Elizabeth…
Read MoreWholesale Prices Were Better Than Expected In July. Expectations Of a Rate Hike Decreased Further.
Expectations for an interest rate hike from the Federal Reserve decreased even further after wholesale inflation remained flat in July. Figures from the CME Group’s Fed Watch tool stood at 67.9%, compared to 59.4% on Wednesday. Expectations for an increase to the 3.75%-4% benchmark declined to 32.1%, compared to 40.6% the day prior. The Producer…
Read MoreWholesale Prices Just Provided Another Encouraging Sign For Inflation In July
Wholesale prices remained flat in July, below expectations from the Dow Jones consensus estimate, providing another encouraging sign for inflation in the U.S. The Bureau of Labor Statistics noted that, excluding more volatile items like food and energy, the core producer price index rose 0.2%. The figure was also below expectations, which stood at 0.3%.…
Read MoreAnne Hathaway’s Coconut-Latte Nails Are the Most Irresistible Manicure of the Summer
After spending July promoting The Odyssey, Anne Hathaway is now turning her attention to this summer’s new sci-fi movie. At the premiere of The End of Oak Street on August 9, she sported another bold maternity look without skimping on her manicure. Every summer sees the return of the white manicure, but this time around…
Read MoreUSS Lincoln Sailor Reportedly Tried To Jump Overboard Amid An Extended Deployment. A Senator Is Seeking Answers.
Different outlets reported that sailors in the USS Abraham Lincoln tried to jump overboard as their deployment hits 250 days. Getty Images U.S. Senator from Connecticut Richard Blumenthal is seeking answers from the military over reports that sailors tried to jump overboard the USS Lincoln amid an extended deployment that reached 250 days. “The Lincoln’s…
Read MoreThe AI Buildout Is Fueling The Stock Market. It Could Also Be Contributing To Keeping Inflation Stubborn.
An argument in favor of the artificial intelligence boom is that it could make businesses dramatically more productive and goods and services cheaper. For the Federal Reserve, however, AI is creating a more immediate problem in that area. The enormous cost of building the infrastructure needed to power it may be adding to inflation before…
Read MoreAI Could Cut 10 Weeks From Cancer Trials. Drugmakers Could Save Millions.
Artificial intelligence could dramatically cut the time and cost of cancer clinical trials, potentially saving drug developers millions of dollars and accelerating treatments through one of the most expensive stages of pharmaceutical development. According to a new analysis from the Tufts Center for the Study of Drug Development, AI agents could accelerate the clinical development…
Read More6 Fresh Ways to Wear the Graphic Tee Trend That Don’t Include Jeans
Hailey Bieber and her “Nepo Baby” T-shirt may have something to say about this, but 2026 is officially the year celebrities truly embraced graphic shirts in all their glory. In fact, I’ve never seen so many creative ideas on how to style graphic tees before. Look, when Zendaya hits a red carpet in nothing but…
Read MoreHILL: It’s time to finally reform Canada’s equalization program
Article content Premier Danielle Smith is pushing for equalization reform — the federal program that (in theory) redistributes money from “have” provinces such as Alberta to deemed “have not” provinces including Quebec and provinces in Atlantic Canada to help them provide government services. Article content Smith argues Albertans shouldn’t overcompensate other provinces but rather should…
Read MoreThe Fall Floral Blouse Is Having a Moment
The floral blouse is an elegant choice in any kind of weather. But a fall floral blouse in particular has been on the rise, thanks to designs seen on the runway and in street style around the world. This season, the power of a floral print is being shown in a variety of styles, from…
Read More