US treasury department demands retraction of story on increased oversight of Federal Reserve

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’

The Guardian

$101.18/barrel - West Texas Intermediate oil
$106.89/barrel - Brent Crude oil
45,166.64 (-793.47|-1.73%) - Dow
31.05 (+3.61|+13.16%) - Volatility Index

The markets have apparently figured out that Trump's BS war is going to get a lot worse because he's a lot dumber than they thought.

#USPol #USEconomy

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war
By Eduardo Porter

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

https://www.theguardian.com/business/2026/mar/27/trump-iran-strategy-taco

#USeconomy #USIsraelwaronIran #Stockmarkets #Business #Economics #Iran #Oil #Commodities #MiddleEastandnorthAfrica #Worldnews #EduardoPorter

Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

The Guardian
US consumer confidence weakens as University of Michigan sentiment index falls to 53.3 in March, missing market expectations and signaling growing economic concerns
#YonhapInfomax #UniversityOfMichigan #ConsumerSentimentIndex #USEconomy #MarchData #EconomicIndicators #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=112525
US March University of Michigan Consumer Sentiment Index 53.3 - Below Forecast of 54.0

US consumer confidence weakens as University of Michigan sentiment index falls to 53.3 in March, missing market expectations and signaling growing economic concerns

Yonhap Infomax
Blink and miss: Trump’s tactic of threats first and U-turn later is proving stale in Iran war

President’s move, dubbed Trump Always Chickens Out, appears to have soured as he loses hold on situation in Iran

The Guardian
$30 an hour by 2030: new pushes to increase minimum wage in New York and California

Oakland and New York campaigns for $30 minimum wage gain steam as workers battle high costs and pushback

The Guardian

@Captain_Jack_Sparrow The #USeconomy faces fundamentally different problems to those of #AI:

1. multiple decades old irrational levels of public debt, 2. an equally old deep social divide, 3. inflation and rising interest rates.

And on top of that there’s a so called president who lacks economic expertise and whose actions are exacerbating these 3 main problems: just look at the madness in Iran!

By comparison, investment in AI is simply irrelevant. 🤷

March 27: US Mortgage Rates Surge to 6.38%, Six-Month High Hits Demand | Meyka

Current mortgage rates jumped to 6.38%, a six-month high, as the 10-year Treasury yield climbed on oil-driven inflation risks tied to the Iran war. See how this affects mortgage applications, spring  

I fully agree. Unfortunately, unless the UN has a mechanism for imposing meaningful sanctions on Western nations that profited from the African Slave Trade I don’t think anything meaningful will come from this. I can think of one nation in particular that will never accept any responsibility for its crimes…

https://apnews.com/article/un-vote-africa-slavery-trafficking-reparations-a7497cdb7d24a89eedb50beb683adc0f

#africandiaspora #slavery #uspol #USPolitics #EuropeanPolitics #useconomy #reparationsnow #capitalism

UN calls for reparations to remedy 'historical wrongs' of slavery

The U.N. General Assembly has adopted a resolution declaring the trafficking of enslaved Africans “the gravest crime against humanity” and calling for reparations as “a concrete step towards remedying historical wrongs.” The resolution also urges “the prompt and unhindered restitution” of cultural items to their countries of origin without charge. This includes artworks, monuments, museum pieces, documents and national archives. Wednesday's vote in the 193-member world body was 123-3, with 52 abstentions. Argentina, Israel and the United States were the three members voting against the resolution. The United Kingdom and the 27 members of the European Union were among those that abstained.

AP News