Truthout
Economy
Trump Defends Prediction Market Companies Against State Regulations
Trump’s second term has overturned regulations that guarded this industry, allowing it to grow exponentially.
Increased Tax Refunds Have Been Eaten Up by Iran War Price Spikes, Experts Say
Trump's “Big Beautiful Bill” aimed to stimulate spending with bigger refunds, but inflation has swallowed the benefits.
Private Equity Now Owns 1 in 8 Apartment Units, a 50 Percent Increase Since 2021
Private equity’s expansion into housing comes at the same time as Americans are increasingly struggling to afford rent.
WH Adviser Says Americans’ Economic Anxiety Due to Fast Pace of “Good” Changes
Consumer prices increased by 3.8 percent over the past year, the highest rate seen since 2023.
Trump Shrugs Off Americans’ “Financial Situation” After Inflation Report Release
Fruits and vegetables prices increased by 6.1 percent, and beef prices rose by 14.8 percent over the past year.
War Profiteers Multiply as Opportunists Eye “Golden Opportunity”
Defense contractors, Trump allies, and insiders are cashing in as tensions with Iran escalate.
West Bank Faces Economic Crisis as Israel Withholds Tax Revenue and Work Permits
Israel is choking off financial prospects in the West Bank, pushing Palestinians there toward a breaking point.
Work Rules for SNAP Benefits Don’t Lower Unemployment, Researchers Say
Analysts cite the debilitating impacts of hunger and the scarcity of jobs as key explanations.
Heritage Foundation Wants to “Save the Family” by Further Undermining Child Care
Child care was already hard to access in the US. Right-wing ideology is making it even harder.
A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.
The type of tax break given to the JPMorganChase data center was designed to attract companies that bring steady jobs.