Breitbart Business Digest

The best kept secret in American politics and economics right now is that Trump’s tariffs are working to reduce the trade deficit.

This week the jobs numbers smashed expectations for the third consecutive month, lots of foreigners went home and lots of federal workers had to get a real job, factory output is growing rapidly, and manufacturing wages are in hot pursuit.

The case that tariffs necessarily make American manufacturing less productive died this week.

AI may well deliver the productivity boom its champions expect. The risk is that the economy has already begun borrowing against that future before the returns have been earned.

If you are looking at the headline data in the government’s economic report, it is easy to miss the artificial intelligence investment boom.

This week the economy failed to get indigestion from the high price of gas, Treasury Secretary Scott Bessent told us about getting fed at the Fed, Trump put something new in the app stores, and everyone started dreaming about putting a couple of Donalds in their wallet.

Someone forgot to tell American consumers that they are supposed to be deeply depressed.

Americans are increasingly gloomy about the U.S. economy.

The dominant view on Wall Street is that Kevin Warsh’s Fed is going to have to raise rates rather than cut them, likely as early as this year.

The AI investment boom is now large enough to show up across the economy.

The U.S. economy has come to an unusual crossroads. Productivity is accelerating, the labor market remains historically tight, and workforce growth has stalled.

With only five and a half months to go before the midterm elections, Republican optimism about the economy is struggling against the tides of high gasoline prices, the renewed rise in inflation, and a market increasingly convinced that interest rates are not coming down soon.

Rate cuts are usually defended as insurance against recession. The incoming Fed Chair Kevin Warsh can defend them as insurance for productivity.

This week saw Jerome Powell give up his crown but insist on still lurking in the cloakroom.

The great American manufacturing boom keeps getting harder to deny.

Hidden beneath the soaring energy prices, the April PPI revealed that we’re seeing a totally different kind of inflation in another part of the economy.

We better hope that April showers bring May flowers because last month we got drenched in inflation.

The very economic strength that Trump has championed may force the next Fed chair to disappoint his desire for a rate cut.

This week, the government reported productivity numbers that suggested that all that capital investment we’ve been seeing is paying off, especially in manufacturing.

Analysts, economists, the media, and the public all built their intuitions about what job numbers mean during past eras of rising labor force growth.

A new economics paper puts its finger on something that American workers have felt for years: it has become much harder to use one job as a springboard to a better one.

The March JOLTS report reveals a healthy labor market operating under new structural conditions.

Over the weekend, Spirit Airlines gave up the ghost and went to that great hangar in the sky, ending 34 years as America’s leading ultra-low-cost carrier.

This week, Jay Powell told us that we can take the Fed chair away from him, but we can’t take him away from the Fed.

The nattering nabobs of negativity who had spent March sharpening their claws discovered in April that they had been preparing for a fight the market had no intention of having.

The AI investment wave is translating directly into orders at American factories.

The UAE did not just leave OPEC on Monday. It may have given us a glimpse at the road map for the future of global trade and security.

This Wednesday could be one of the most consequential days in the Federal Reserve’s recent history.

We still do not definitively know when Kevin Warsh’s nomination will move forward, but a floor vote in the Senate prior to May 15—when the current Fed chair’s term expires—is no longer out of the question.

It is not clear who will run the Fed after the expiration of Powell’s term if the Senate has not confirmed Kevin Warsh.

Senator Thom Tillis appeared to directly contradict Jerome Powell’s claim that the DOJ’s investigation of the Fed’s renovation cost overruns is a pretext to pressure the Fed to lower interest rates.

President Trump has won back the confidence of his supporters on the economy, a public opinion survey released Tuesday showed.

One year after Liberation Day, it’s clear that the critics and panicans were largely wrong.

The Labor Market Defies Uncertainty Much to the disappointment to the liberal media establishment, initial jobless claims came in at 207,000 (seasonally adjusted), down just a touch from last week’s revised figures and beating economists’ expectations by about 11,000. This

You’ve heard it from the whole spectrum of Democrats—from the rich hypocrites like Bernie Sanders and Elizabeth Warren and to hapless spenders like Joe Biden who are just horrible with money. They all declare that the wealthy need to “pay their fair share” in taxes.

The more of the world’s oil market that is controlled by the U.S., the better, and it seems as though Donald Trump is aware of this fact.