Jump to content

XCR1250

Members
  • Joined

Posts posted by XCR1250

  1. 31 minutes ago, ckf said:

    Prices here in town are usually about 20 cents more per gallon than the surrounding area. They know that they can get it because the closest towns in Vermont that are cheaper are 20 to 25 miles away.

    Shoot, we have to drive 23 miles to get to town, or get it at the Bar for $7.00 a gallon.>:(

  2. Posted

    A fresh inflation reading greets a stock market back near all-time highs: What to know this week

    Josh Schafer

    Josh Schafer · Reporter

    Sun, June 8, 2025 at 6:42 AM CDT 6 min read

    381

    In This Article:

    StockStory Top Pick

    AAPL

    +1.64%

    QQQ

    +0.98%

    ^GSPC

    +1.03%

    SPY

    +1.03%

    ^DJI

    +1.05%

    The S&P 500 (^GSPC) is now roughly 2% from reaching a fresh all-time high.

    Stocks ended last week on a high note as a broad-based rally following Friday's May jobs report clinched weekly gains for all three major indexes.

    The Nasdaq Composite (^IXIC) rose more than 2.3%, while the S&P 500 popped about 1.6% and the Dow Jones Industrial Average (^DJI) rose above 1%.

    Updates on consumer and wholesale inflation for the month of May will headline the week ahead. The first reading of the University of Michigan's consumer sentiment survey for the month is also due for release at the end of the week.

    In corporate news, earnings from GameStop (GME), Oracle (ORCL), and Adobe (ADBE) highlight a sparse week of planned quarterly releases. Apple's (AAPL) Worldwide Developers Conference will also be in focus.

    SNP - Delayed Quote•USD

    S&P 500 (^GSPC)

    Follow

    View Quote Details

    6,000.36

    +61.06

    +(1.03%)

    At close: June 6 at 5:00:02 PM EDT

    ^GSPC^DJI^IXIC

    Date

    6/3 2:10 PM

    Close

    5,962.17

    Open

    5,965.99

    High

    5,966.00

    Low

    5,959.25

    ^DJI

    42,497.67

    ^IXIC

    19,364.42

    1D5D1M6MYTD1Y5YAll

    The wait continues

    On Friday, the May jobs report showed the US labor market added 139,000 jobs in the month, while the unemployment rate held flat at 4.2%. The data largely cooled fears that the US economy is rapidly deteriorating. Economists mostly said the report would prompt the Federal Reserve to hold interest rates steady when it announces its next policy decision on June 18.

  3. Posted

    Karine Jean-Pierre, Former Biden Press Secretary, Leaves Democratic Party

    In a coming book, Ms. Jean-Pierre will describe a “betrayal” by her party when Joseph R. Biden Jr. ended his re-election campaign. Democrats were quick to criticize her.

    Listen to this article · 3:09 min Learn more

    • Share full article

    Karine Jean-Pierre speaking at a lectern. An American flag is in the background behind her.

    In her forthcoming book, Karine Jean-Pierre will argue that it “can be worthwhile to carve a political space more loyal to personal beliefs than a party affiliation,” according to a description of the book.Credit...Eric Lee/The New York Times

    Kellen Browning

    By Kellen Browning

    June 4, 2025

    Karine Jean-Pierre, who served as a White House press secretary under former President Joseph R. Biden Jr., is leaving the Democratic Party and becoming an independent, according to the publisher of her forthcoming book.

    She is expected to write about “the betrayal by the Democratic Party” that led to Mr. Biden’s decision to abandon his re-election bid, according to a description of the book from Legacy Lit, an imprint of Hachette Book Group. Some former Biden administration officials and other Democrats quickly criticized Ms. Jean-Pierre for seeming to side with the former president in her characterization of the tumultuous weeks in which Democrats tried to pressure Mr. Biden to step aside.

    Caitlin Legacki, a Democratic strategist who worked in the Commerce Department in the Biden administration, wrote on X that it was more “productive” to focus on former Vice President Kamala Harris’s saving Democrats from losing 400 electoral votes “and thank Biden for doing the responsible thing by stepping aside, than it is to pretend this was an unwarranted act of betrayal.”

    As press secretary, Ms. Jean-Pierre participated in contentious back-and-forth press briefings with reporters last year over Mr. Biden’s age and mental acuity as the White House tried to deflect criticism and downplay voters’ concerns.

    The Democratic Party has been facing a lengthy period of soul-searching after Ms. Harris’s loss to President Trump in November. After an election where voters reported feeling Democrats were no longer speaking to the working class and had ignored their concerns about Mr. Biden’s age, some surveys have found that the party is more unpopular than it has been in decades.

    The description of the book, titled “Independent: A Look Inside a Broken White House, Outside the Party Lines” and due in October, says Ms. Jean-Pierre will offer “clear arguments and provocative evidence as an insider” about the importance of dismantling misinformation. She will also argue that it “can be worthwhile to carve a political space more loyal to personal beliefs than a party affiliation,” the description says.

    “I think we need to stop thinking in boxes, and think outside of our boxes, and not be so partisan,” Ms. Jean-Pierre said in a video posted to her Instagram on Wednesday promoting the book. She did not respond to a request for comment.

    Other Democrats criticized Ms. Jean-Pierre’s party defection.

    Jonathan Kott, a longtime aide to Joe Manchin III, the former West Virginia senator who left the Democratic Party last year, said he was “sick and tired of Democrats not being proud to be Democrats and fighting for what we believe in.”

    “If you lost the will to fight, then get out of the party,” he added.

    Andrew Bates, a former spokesman for Mr. Biden who was also closely involved in pushing back against questions surrounding the former president’s mental acuity, declined to comment on Ms. Jean-Pierre’s decision.

    “I’m going to wait to read the book,” he said.

    Reid J. Epstein contributed reporting.

    Kellen Browning is a Times political reporter based in San Francisco.

  4. Posted

    NPR
    No image preview

    Hegseth orders the Navy to strip gay rights leader Harvey...

    There is a list of other possible name changes of ships named after prominent women and civil rights leaders, a U.S. official who was not authorized to speak publicly tells NPR.
  5. 24 minutes ago, Mainecat said:

    Trump officials delayed farm trade report over deficit forecast

    Source: Politico

    06/04/2025 05:55 AM EDT


    Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s trade deficit in farm goods later this year, according to two people familiar with the matter. The numbers run counter to President Donald Trump’s messaging that his economic policies, including tariffs, will reduce U.S. trade imbalances.

    The politically inconvenient data prompted administration officials to block publication of the written analysis normally attached to the report because they disliked what it said about the deficit. The published report, released Monday but dated May 29, includes numbers that are unchanged from how they would’ve read in the unredacted report, said the people, who were granted anonymity to discuss internal decision-making.

    Policymakers, farm groups and commodities traders rely on the closely watched report, which the Agriculture Department issues quarterly, for its analysis of imports and exports of major farm commodities including cotton and livestock. The highly unusual rollout could raise questions about potential political meddling with government reports that have traditionally been trusted for decades.

    “Objectivity is really key here and the public depends on it,” said Joe Glauber, a former USDA chief economist. “To lose that trust would be terrible.” A USDA spokesperson blamed the delay on an internal review.

    Read more: https://www.politico.com/news/2025/06/04/trump-officials-farm-product-trade-deficit-forecast-00382549

    Sound serious.

  6. 5 hours ago, Mainecat said:

    This should work out well for the economy. In 2024, 47% of U.S. aluminum consumption was from imports, and 13% of steel use was from imported steel.

    Trump Signs Order Doubling Tariffs on Steel and Aluminum

    Source: Newsweek

    Published Jun 03, 2025 at 5:08 PM EDT | Updated Jun 03, 2025 at 5:56 PM EDT


    President Donald Trump has signed an executive order doubling tariffs on imported steel and aluminum to 50 percent, effective June 4, 2025.The move aims to protect U.S. national security by curbing what the administration describes as a threat from excessively low-priced metal imports that undermine domestic industries. Trump had said on May 30 that he would double tariffs as he announced that U.S. Steel would be allowed to merge with Japan's Nippon Steel.

    Why It Matters

    The order builds on previous tariffs imposed under Section 232 of the Trade Expansion Act, with officials citing the need to bolster American steel and aluminum production capacity for economic and defense reasons. Business leaders have previously expressed anxiety over the plan, warning of increased costs for industries including construction, automotive and transportation, machinery and equipment manufacturing, energy and utilities, as well as producers of appliances and consumer goods.

    What To Know

    Trump said in his proclamation that he had "determined that it is necessary" to increase tariffs on steel and aluminum to "more effectively counter" foreign countries that export steel to the U.S. at low prices, undercutting American companies.

    The president added that previous tariffs had led to some improvements in U.S. steel prices, the industry was still struggling, and more needed to be done. Effective 12:01 a.m. Wednesday, tariffs on steel, aluminum, and their derivatives will be set at 50 percent, up from 25 percent, the proclamation shared by the White House said.




    Read more: https://www.newsweek.com/trump-doubles-steel-aluminum-tariffs-2080608

    That's great news, thanks for posting it here.

  7. 3 hours ago, Mainecat said:

    RUSSIA RUSSIA RUSSIA

    Trump official who shut down counter-Russia agency has links to Kremlin

    Source: Telegraph via Yahoo

    A senior official who dismantled the US government’s Russian disinformation unit is married to a Russian woman with links to the Kremlin, The Telegraph can reveal.

    -snip-

    He has been noted for his focus on destroying the agency tasked with tackling Kremlin propaganda.

    Mr Beattie, the acting under-secretary for public diplomacy and public affairs, is married to a woman whose uncle has taken several roles in Russian politics and once received a personal “thank you” message from Vladimir Putin.

    In the years before joining the government, Mr Beattie wrote social media posts suggesting Western institutions should be “infiltrated” by Putin, while he also attacked what he described as the “globalist American empire”.

    -snip-

    Read more: https://www.yahoo.com/news/trump-official-shut-down-russia-095504636.html

    You gotta stop reading all that Fake News.

  8. Posted


    Long-time Kentucky Democrat switching parties

    Dustin Massengill

    Sat, May 31, 2025 at 7:22 PM UTC

    1 min read

    1ddf6b2d91386eba9afafa74b3e29cbf

    Long-time Kentucky Democrat switching parties

    FRANKFORT, Ky. (FOX 56) — A long-time member of the Kentucky General Assembly said she’s switching political parties.

    State Senator Robin Webb of Grayson in Carter County is now a registered Republican.
    Webb has served in the legislature since 1999 and has been in the Senate since 2009 — all as a Democrat.

    But she told FOX 56 News on Friday that she’s been considering changing parties for the last couple of years.

    “I just want people to know where I stand. I know who I am — that’s not changing. I’m not changing my priorities. I’m not changing my advocacy positions. And my votes will remain the same on subject matter. I think everyone knows that,” Webb said.

    “We’ve got to think of the people of Kentucky. Sometimes we get into this, you know, ‘I’m on this team’ or ‘that team,’ and I understand that — that’s our system, and I respect that. But at the end of the day, we’ve got to do what’s right,” state Sen. Gerald Neal, a Democrat, said.

    This marks the largest-ever Republican supermajority in the Senate — 32 of the Senate’s 38 members are Republicans.