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Friday, June 27, 2025Americans Soured on U.S. Economy in June
The rise in how Americans view the U.S. economy didn’t last long. According to the Conference Board, the way Americans see the economy dropped in June, one month after a slight uptick that happened in May. The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month. Consumer confidence is at its lowest level since the Covid pandemic hit the U.S. in March 2020. The regression surprised economists, who had expected a small uptick this month,
Sunday, June 22, 2025Retail Sales Drop as Consumers Pull Back on Spending
Earlier in the year, American consumers were spending money more freely in an attempt to be ready for sweeping tariffs being put in place by the White House. Not so much recently, as figures released by the Commerce Department this week show. Consumers pulled back from that kind of spending last month, precipitating a 0.9% dropped in sales at retail stores and restaurants, after seeing a 0.1% drop in April, both of which came after a 1.5% increase in March. The May numbers were affected by a steep drop
Friday, June 20, 2025Ford Launches New Philanthropic Effort to Help Nonprofits
Ford Motor Company launched a new philanthropic initiative company officials said will meet the “rapidly evolving” needs of local communities in an effort they say continues a 122-year effort to stand with communities through good and bad times. In a statement posted to the company’s website, officials announced “Ford Building Together,” which increases volunteer hours and provides some $7 million in grants to nonprofits from its philanthropic arm. “Across the country, we hear from our Ford dealers,
Friday, June 20, 2025Fed Leaves Key Interest Rate Unchanged
Despite pressure from the White House to cut interest rates, Federal Reserve officials decided again to leave rates where they are for now, while indicating at least a couple of cuts could be coming later this year. For the fourth straight meeting, the Fed kept its key rate unchanged, but said despite expectations that inflation will rise, they’re still thinking the rate will be cut twice by the end of the year, acknowledging in their report the U.S. economy is growing at “a solid pace.” It’s the same
Tuesday, June 17, 2025DOJ's Civil Division Targets DEI Programs, Gender-Related Health Care and Immigration
DOJ Announces Aggressive Use of Civil Enforcement Tools to Promote Administration Policies Following leadership changes at the Department of Justice’s (DOJ) Civil Division, Brett Shumate, recently confirmed as the assistant attorney general, issued a memorandum directing DOJ attorneys to “use [their] enforcement authorities to advance the administration’s policy objectives” (the “Civil Enforcement Memo”). The June 11 Civil Enforcement Memo — which follows an earlier Criminal Division enforcement memo —
