Rick Newman

Jan 20, 2025 | autos.yahoo.com | Rick Newman |Ben Werschkul

Which Donald Trump will govern the second time around? Investors are hoping for Businessman Trump, who favors deregulation, tax cuts, low interest rates, abundant energy, and steady markets. But they might get Populist Trump, who wants to deport migrant workers, tax imports to the hilt, and enact other protectionist policies that could depress growth, raise costs and stoke inflation.

Jan 18, 2025 | ca.finance.yahoo.com | Rick Newman

President Joe Biden is leaving his successor Donald Trump a strong economy, possibly the best presidential handoff since George W. Bush took office in 2001. Unemployment is low, COVID-era disruptions are largely over, and consumers seem to have spending power to keep the party going. The Yahoo Finance Bidenomics Report Card rates the Biden economy an A-, based on a matrix of economic data for first-term presidents going back to Jimmy Carter in the 1970s.

Jan 15, 2025 | sg.finance.yahoo.com | Rick Newman

Inflation turned out to be the surprise villain of Joe Biden’s four-year presidency. It arrived with little warning in 2021, hit a 40-year high in 2022, and undoubtedly contributed to Vice President Kamala Harris’s loss in the 2024 presidential election. Yet the US economy survived inflation better than many economists expected. Aggressive rate hikes by the Federal Reserve helped bring inflation down rapidly from 2022 to 2024 without the recession that dramatic monetary tightening often causes.

Jan 10, 2025 | ca.finance.yahoo.com | Rick Newman

Just days before President Joe Biden leaves office, his administration is tightening sanctions on Russia in ways some critics wanted him to do months or years ago. The new measures are meant to restrict the amount of oil Russia can sell into global markets, something Biden has been reluctant to do for fear it could raise global oil prices and burden Americans with higher gasoline prices.

Dec 5, 2024 | thestarnewstoday.com | Rachelle Akuffo |Rick Newman |Ben Werschkul

Elon Musk and Vivek Ramaswamy received a rapturous welcome to Capitol Hill Thursday as questions piled up about exactly what the goals are for their extra-governmental “Department of Government Efficiency” (DOGE). Musk wasn’t overly interested in clarifying as he moved between meetings on Capitol Hill Thursday. At one point, as he passed, a reporter shouted out “What’s DOGE?” The world’s richest man didn’t stop and only offered a chuckle in response.