Rick Newman

New York

Senior Columnist at Yahoo Finance

Senior Columnist, Yahoo Finance. Columns: https://t.co/C9p8ItGwJM Books: https://t.co/jHfGpEqZ7N. Bluesky: @rickjnewman

Articles

KQ3: Elonomania

1 week ago | rickjnewman.com | Rick Newman

Love him or loathe him, it's hard to escape Elon Musk. How much do you know about the world's richest man who is not Vladimir Putin? Take the quiz and find out. Nine questions. Go! Learn more 👇. But only when you're done with the quiz! Bloomberg and Forbes track billionaire wealth. I used the Bloomberg data for Elon Musk and Donald Trump. My employer Yahoo Finance has detailed info on Tesla's ownership and financials. Same with General Motors and every other public company.
Why Trump is waging war on colleges

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

President Trump often seems to pick fights with anybody who has ever criticized or opposed him. But sometimes there’s a method to the hostility. Trump’s war with elite universities may have started as a personal vendetta. Some people who know Trump say he resents Ivy League elitists who have never given him an honorary degree or invited him to deliver a commencement speech.
Bonds spoil the party

2 weeks ago | ca.finance.yahoo.com | Rick Newman

President Trump is getting much of what he wants and something he definitely doesn’t want: a bond market tantrum that could overshadow the market-friendly parts of his economic plan. Trump is cruising toward a big political win as his tax bill moves from passage in the House of Representatives to consideration in the Senate. The House measure would make permanent all the individual tax cuts in the 2017 tax-cut bill, which are due to expire at the end of this year.
Why Apple and Tim Cook can't placate Trump

2 weeks ago | ca.finance.yahoo.com | Rick Newman
Why Apple and Tim Cook can't placate Trump

2 weeks ago | sg.finance.yahoo.com | Rick Newman

Fri, 23 May 2025, 1:27 pm 6 min read In this article: One million dollars wasn't enough. Neither were the phone calls, the dinners, or the billion-dollar domestic investments the White House characterizes as the "Trump effect." Apple (AAPL) CEO Tim Cook has been friendlier with President Trump than most big-company executives — communicating regularly, donating to his inauguration, and refraining from criticizing protectionist policies Cook probably detests.
KQ2: How bad is the national debt, anyway?

2 weeks ago | rickjnewman.com | Rick Newman

America's national debt is a problem. How big of a problem? Take the quiz to find out. Top score is 90. Go!It's time to learn more about the national debt. So here ya go: Downgrades: Moody’s was the last of the three main rating agencies to strip the US government of its AAA rating. All three agencies say the US economy is strong but the US political system basically sucks. Debt/GDP: The St. Louis Fed’s “FRED” database is an amazing resource for data geeks.
Trump can't make companies 'eat' his tariffs

2 weeks ago | ca.finance.yahoo.com | Rick Newman

The automaker Subaru said recently that it plans to raise prices on several models by $750 to $2,055. Everybody knows why: President Trump's tariffs have raised the cost of imported products and parts — and businesses are passing along the pain to their own customers. That's not what Subaru said, however. The company cited "current market conditions" and said "the changes were made to offset increased costs." No mention of tariffs. Case closed.
How the Trump tax-cut bill is likely to backfire

2 weeks ago | ca.finance.yahoo.com | Rick Newman

That’s the year President Trump and his GOP allies in Congress expected voters to reward them for cutting everybody’s taxes. But voters weren’t feeling the love and delivered Republicans a resounding midterm election defeat. Like the 2017 tax bill Trump signed, the 2025 version will primarily benefit wealthy Americans. There are sops to lower earners, as there were in 2017.
Trump caught the debt crisis

2 weeks ago | sg.finance.yahoo.com | Rick Newman

Mon, 19 May 2025 at 2:36 pm GMT-5 7 min read Budget hawks have been warning about America's national debt since the 1980s as it grew larger than anybody ever thought possible. In 2003, when the national debt was a mere $7 trillion, Federal Reserve chair Alan Greenspan warned that deficit spending would lead to permanently higher unemployment and "potentially serious problems" as early as 2010. It didn't happen.
Everyday higher prices

3 weeks ago | sg.finance.yahoo.com | Rick Newman

Sat, 17 May 2025 at 9:00 am GMT-5 5 min read In this article: In a move that should have surprised nobody, Walmart (WMT) said on May 15 that the Trump tariffs will force it to raise prices on many items, starting at the end of the month. Virtually all retailers will follow Walmart's lead, whether they announce it or not. The Trump tariffs are taxes on imports that directly raise the cost to US businesses and consumers.