Rick Newman

1 day ago | finance.yahoo.com | Rick Newman

President Trump could be basking in a huge W. While campaigning last year, he promised to bring prices down rapidly. He could now claim that he’s done it. Inflation fell to 2.3% in April, which is basically in the normal range. Most prices have stabilized. Some are declining. The inflation shock that began in 2021 is over. But another inflation shock may be coming, thanks to Trump himself. While Trump has dialed back his most aggressive tariffs on imports, substantial tariffs still remain in place.

1 day ago | au.finance.yahoo.com | Rick Newman

President Trump could be basking in a huge W. While campaigning last year, he promised to bring prices down rapidly. He could now claim that he’s done it. Inflation fell to 2.3% in April, which is basically in the normal range. Most prices have stabilized. Some are declining. The inflation shock that began in 2021 is over. But another inflation shock may be coming, thanks to Trump himself. While Trump has dialed back his most aggressive tariffs on imports, substantial tariffs still remain in place.

2 days ago | nz.finance.yahoo.com | Rick Newman

Most wealthy Americans think they deserve low taxes. There’s a strong counterargument, however, and President Trump is the latest policymaker to invoke it. Trump wants Congress to raise the tax on individuals with incomes of $2.5 million or more and on married couples with incomes above $5 million. The current marginal income tax rate on those workers is 37%. Before the Trump tax cuts of 2017, the top rate was 39.6%. Trump's idea is to push the marginal rate back to 39.6% for very top earners.

5 days ago | ca.finance.yahoo.com | Rick Newman

Markets are calming as President Trump gradually backtracks on the most strident elements of his trade war. Nobody would complain if the trend continued. Peak panic in the trade war occurred in early April, after Trump announced "reciprocal tariffs" on dozens of countries that were far steeper than nearly anybody expected. A savage market sell-off compelled Trump to delay many of those tariffs for three months.

1 week ago | au.finance.yahoo.com | Rick Newman

Much of the hubbub at the Milken Institute’s annual financial conference in Beverly Hills centers on President Trump's import tariffs: How severe will they end up being? How much damage will they cause? When will we know the end game? There's also some nostalgia for the pre-Trump economy, which wasn't nearly as broken as Trump wants people to think.