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Do pennies still make sense? Experts give their two cents
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gazette.com, Local

Do pennies still make sense? Experts give their two cents

By Debbie Kelley | The Gazette An America without any cents would make a lot of sense, according to some who work in the monetary sector. Colorado Springs resident Robert “Bob” Shippee, a retired banker, coin collector and author, can’t believe the financial system’s smallest denomination of currency is still around. It’s time for the 1-cent piece to be retired, he said. READ THE FULL STORY AT THE GAZETTE
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U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January
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Breitbart, National

U.S. Unemployment Rate Falls To 4.0%, Economy Added 143,000 Jobs In January

By John Carney | Breitbart Employers in the United States added 143,000 workers to their payrolls in January, the Department of Labor said Friday, and the unemployment rate slipped to 4.0 percent. Economists had been expecting 168,000 jobs and an unemployment rate unchanged at 4.1 percent, according to a survey by Econoday. The figures are seasonally adjusted. In January, there is typically a large downshift in employment in the retail sector, as businesses downsize following the holiday shopping season. Without seasonal adjustment, the data show the economy shed nearly 2.9 million jobs in January. READ THE FULL STORY AT BREITBART
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Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday
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Fox Business, National

Canada punches back against Trump with major tariffs of its own as trade war set to begin on Tuesday

By Christopher Guly  | Fox Business Canada is responding to President Donald Trump’s 25% tariffs imposed on Saturday against its northern neighbor with its own major retaliatory measures, Canadian Prime Minister Justin Trudeau announced late Saturday night. As of Tuesday, when the U.S. tariffs take effect, Canada will impose 25% duties on about $21 billion of American goods with a further $86 billion to follow within 21 days to allow Canadian companies and supply chains to find alternatives, Trudeau told reporters at a news conference on Parliament Hill in Ottawa, surrounded by his foreign affairs, finance and public safety ministers. He said the Canadian tariffs on U.S. imports will cover a "far-reaching" range of products, including American beer, wine, bourbon, fruits and frui...
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China threatens to retaliate against Trump tariffs
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Fox Business, National

China threatens to retaliate against Trump tariffs

By Danielle Wallace  | Fox Business Beijing is threatening to retaliate against the United States as President Donald Trump's 10% tariffs on China are expected to take effect Tuesday.  The White House announced on Saturday that the Trump administration is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China, in a move intended to hold the three countries "accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country."  Namely with Beijing, the White House said Chinese officials "have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational c...
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Dow rebounds from massive drop after US delays tariffs against Mexico
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National, New York Post

Dow rebounds from massive drop after US delays tariffs against Mexico

By Ariel Zilber | New York Post Stocks rebounded just before noon on Monday after taking a sharp dive at the start of trading following President Trump’s decision to impose new tariffs on key US trading partners including China, Canada and Mexico — only for him to delay the levies following a conversation with the Mexican leader. The Dow Jones Industrial Average, which dropped by as many as 560 points, recovered to around the break-even point as of 11:21 a.m. Eastern Time on Monday. The S&P 500, which had declined by as much as 1.6%, was only down 0.55%, or 33 points while the Nasdaq, which lost 1.95% to drop nearly 400 points after the opening bell, rebounded to 0.92%, which was down 172 points. READ THE FULL STORY AT THE NEW YORK POST
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Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history
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Fox Business, National

Trump proposes abolishment of federal income tax, bringing U.S. back to ‘richest period’ in history

By Kristen Altus  | Fox Business Pitching a monumental and potentially controversial proposal to his Republican allies, President Donald Trump is seemingly floating the idea of scrapping federal income taxes altogether. "We had no income tax. The income tax came in…1913. As I said in my speech last week, instead of taxing our citizens to enrich foreign nations, we should be tariffing and taxing foreign nations to enrich our citizens," Trump said during his conference address in Doral, Florida, on Monday. "It's time for the United States to return to the system that made us richer and more powerful than ever before," he added. "You know, the United States in 1870 to 1913, all tariffs. And that was the richest period in the history of the United States, relatively speaking." READ...
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What will the Fed do with interest rates and how will Trump react?
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Fox News, National

What will the Fed do with interest rates and how will Trump react?

By Eric Revell  | Fox Business The Federal Reserve is set to announce its next interest rate move on Wednesday, which could prompt a reaction from President Donald Trump, who recently called for the Fed to lower interest rates. Members of the Federal Open Market Committee (FOMC) are expected to leave the target for the benchmark federal funds rate unchanged at a range of 4.25% to 4.5% — which would be the central bank's first pause in this rate-cutting cycle following three consecutive cuts that brought rates down from 5.25% to 5.5%. The Fed's anticipated pause could prompt Trump to renew his criticism of the central bank and Fed Chair Jerome Powell, following the president's call for lower interest rates last week. READ THE FULL STORY AT THE FOX BUSINESS
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Colorado’s unemployment rate rises to 4.4%, the highest in three years
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State, The Colorado Sun

Colorado’s unemployment rate rises to 4.4%, the highest in three years

By Tamara Chuang | The Colorado Sun Colorado’s unemployment rate rose to 4.4% last month, up one-tenth of a percentage point and the highest in three years. At the same time, there are fewer job openings and fewer people filing to start a new business.  While that seems like the opposite direction state officials prefer, there were some positives and additional context to better understand what happened, Secretary of State Jena Griswold said during a news conference Monday.  “Job and GDP growth numbers are encouraging and indicate the economy is stabilizing after several years of inflation,” Griswold said. “Colorado remains in a strong economic position and the state and national outlook is positive.” READ THE FULL STORY AT THE COLORADO SUN
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How the return-to-office order will affect 45,000 federal employees throughout Colorado
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State, The Colorado Sun

How the return-to-office order will affect 45,000 federal employees throughout Colorado

By Tamara Chuang | The Colorado Sun As per one of the new orders from President Donald Trump, remote work is ending for federal employees, who must return to the office full time. That could be a boon for downtown Denver, which hasn’t recaptured the office workers, visitors and companies it once had. But the impact of such a move will be a challenge to measure as efforts are already underway to complete 16th Street Mall construction, recruit new retail, restaurant and corporate tenants, and steer tax dollars to the central business district. Many may already be back in their downtown offices, if only a few days a week.  READ THE FULL STORY AT THE COLORADO SUN
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Trump plans 10% tariffs on Chinese imports on Feb. 1
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Fox Business, National

Trump plans 10% tariffs on Chinese imports on Feb. 1

By Greg Norman  | Fox Business President Donald Trump announced he is planning a 10 percent tariff on Chinese imports on Feb. 1 over the country’s role in fentanyl trafficking.  "We're talking about a tariff of 10% on China, based on the fact that they're sending fentanyl to Mexico and Canada," Trump told reporters at the White House on Tuesday. "Probably February 1st is the date we're looking at."  When asked about a conversation he had with Chinese President Xi Jinping ahead of his inauguration this week, Trump added that "We didn't talk too much about tariffs other than he knows where I stand."  READ THE FULL STORY AT FOX BUSINESS
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