U.S. Secretary of Agriculture Brooke Rollins announced on Tuesday that egg prices nationwide have begun falling following the Trump administration’s efforts to boost domestic supply. According to Rollins, following measures implemented late last month, the average cost of a dozen eggs has decreased by nearly $2.00.
“A good piece of news we just got in the last day or two is that the average cost of a dozen eggs has now gone down $1.85 since we announced our plan about a week and a half ago,” Rollins said in a video posted to X (formerly Twitter). However, the Agriculture Secretary did warn that prices could creep back up slightly as the country heads into the Easter holiday and demand increases.
In a recent op-ed, Rollins detailed the administration’s strategy to tackle egg prices, which climbed significantly under former President Joe Biden following mass culls of chickens to combat avian flu outbreaks and inflationary pressure. “This five-point strategy won’t erase the problem overnight, but we’re confident that it will restore stability to the egg market over the next three to six months,” Rollins wrote, adding: “This approach will also ensure stability over the next four years and beyond.”
Notably, the Trump administration is set to invest around a billion dollars in stabilizing prices, with the money largely going toward combatting bird flu and supporting vaccine research.
WATCH:
🚨 @SecRollins: "The average cost of a dozen eggs has now gone DOWN $1.85 since we announced our plan about a week-and-a-half ago." pic.twitter.com/TVmmbzcvrQ
U.S. Secretary of Agriculture Brooke Rollins announced on Tuesday that egg prices nationwide have begun falling following the Trump administration's efforts to boost domestic supply. According to Rollins, following measures implemented late last month, the average cost of a dozen eggs has decreased by nearly $2.00.
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President Donald J. Trump announced on Tuesday that he will impose a new, additional 25 percent tariff on all Canadian steel and aluminum being exported to the United States in response to a tax being imposed on electricity sold to the United States by the leader of Canada’s most populous province. Ontario Premier Doug Ford announced on Monday that electricity supplied his province supplies to around 1.5 million U.S. homes and businesses would come with its own 25 percent ‘tariff,’ taking effect immediately. Consequently, Ford contends the measure is in response to tariffs on Canadian goods already imposed by Trump.
“I will not hesitate to increase this charge. If the United States escalates, I will not hesitate to shut the electricity off completely,” Ford threatened at a news conference on Monday in Toronto. He added: “Believe me when I say I do not want to do this. I feel terrible for the American people who didn’t start this trade war. It’s one person who is responsible, it’s President Trump.”
Following the Canadian provincial leader’s imposition of the electricity tax, President Trump responded on Tuesday, imposing the new 25 percent tariff on Canadian steel and aluminum on top of an already existing 25 percent tariff. “Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump wrote in a post on Truth Social. He continued: This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous.”
MORE TARIFFS TO COME?
Additionally, Trump stated he would declare “a National Emergency on Electricity within the threatened area,” which “will allow the U.S to quickly do what has to be done to alleviate this abusive threat from Canada.”
In a serious escalation, President Trump’s Truth Social post continues, stating: “If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada.”
Meanwhile, the America First leader also suggests that the United States may reduce its military cooperation with Canada, arguing it would be better for America’s northern neighbor to become the 51st state.
President Donald J. Trump announced on Tuesday that he will impose a new, additional 25 percent tariff on all Canadian steel and aluminum being exported to the United States in response to a tax being imposed on electricity sold to the United States by the leader of Canada's most populous province. Ontario Premier Doug Ford announced on Monday that electricity supplied his province supplies to around 1.5 million U.S. homes and businesses would come with its own 25 percent 'tariff,' taking effect immediately. Consequently, Ford contends the measure is in response to tariffs on Canadian goods already imposed by Trump.
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The man behind the idea to send stimulus checks to Americans using the savings created by the Department of Government Efficiency (DOGE) has called for President Donald J. Trump’s name to be placed on the checks. James Fishback asserts that President Trump should receive recognition for endorsing the plan.
Fishback’s proposal outlines distributing “DOGE dividends” to approximately 79 million U.S. households, each potentially receiving $5,000. The savings identified by DOGE, estimated to be $55 billion, would fund this initiative. The proposal aims to bolster public trust in government and strengthen household finances.
Fishback has expressed gratitude for Trump’s support, emphasizing the president’s role in facilitating the establishment of the DOGE program. He also advocates for delivering physical checks rather than rebates or credits, enhancing transparency in government spending. “That money goes back to taxpayers in the form of a check, a physical check; we don’t want any of this tax rebate, tax credit, nonsense,” Fishback argues, adding: “It’s got to be a real check, and you know whose name should be on it? President Donald J. Trump, because without him, without the DOGE dividends, without any of this, we wouldn’t be having this conversation.”
Historically, similar stimulus checks were issued as part of the CARES Act during the coronavirus pandemic, featuring Trump’s name.
Fishback highlighted the proposal’s potential impact on U.S. economic strategies, emphasizing efficient use of tax revenue. According to Fishback, the plan’s long-term goal is to transform the economy into a more efficient free-market system.
According to a DOGE report from last month, the agency has already saved U.S. taxpayers billions of dollars. Some claim there is as much as $100 billion in wasteful government spending, but the actual number could be far higher.
The man behind the idea to send stimulus checks to Americans using the savings created by the Department of Government Efficiency (DOGE) has called for President Donald J. Trump's name to be placed on the checks. James Fishback asserts that President Trump should receive recognition for endorsing the plan.
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President Donald J. Trump’s business trust has initiated a lawsuit against financial giant Capital One in Miami-Dade Circuit Court, alleging that the bank’s 2021 decision to close its accounts was driven by political bias. The complaint, filed by the Donald J. Trump Revocable Trust and Eric Trump, claims that Capital One’s actions violated consumer protection laws in Florida and other jurisdictions, seeking financial restitution for what is described as an unwarranted closure that disrupted business operations.
The lawsuit details that Capital One notified Trump’s business in March 2021 of its plan to terminate the accounts within two months. The filing suggests that Capital One’s actions were motivated by ideological biases, stating, “Plaintiffs have reason to believe that Capital One’s unilateral decision came about as a result of political and social motivations.”
Furthermore, the lawsuit contends this reflects a broader trend within the financial industry to pressure entities into aligning with certain political ideologies. Capital One has denied these accusations, stating politics do not influence its account closures.
Bank closures, also known as “debanking,” have become commonly used against right-wing politicians, activists, and others in recent years.
In the United Kingdom, a similar incident saw a bank attempt to close an account belonging to Brexit leader Nigel Farage. The CEO of Natwest Bank, the parent bank of the financial institution that closed Farage’s account, later resigned after feeding the media a false story about the reason for the debanking.
President Donald J. Trump's business trust has initiated a lawsuit against financial giant Capital One in Miami-Dade Circuit Court, alleging that the bank's 2021 decision to close its accounts was driven by political bias. The complaint, filed by the Donald J. Trump Revocable Trust and Eric Trump, claims that Capital One's actions violated consumer protection laws in Florida and other jurisdictions, seeking financial restitution for what is described as an unwarranted closure that disrupted business operations.
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A top Wall Street strategist who predicted two of the last major stock surges says he believes another market boom is possible over the next several months despite recent sell-offs and mounting concerns that the U.S. economy is slowing. Tom Lee, co-founder of Fundstrat Global Advisors, says he foresees a possible substantial rally in the coming months, emphasizing that the majority of annual stock gains historically occur during just 10 key trading days.
“I think it’s very possible that March, April, May could actually be one of these huge rally months where we’re rallying 10-15 percent,” Lee said during a recent mediainterview. The investment strategist contends that the market has already priced in a lot of negative indicators cushioning any correction.
Lee’s predictions hold particular significance after his correct forecast of the S&P 500‘s consecutive gains exceeding 20 percent over the past two years. In 2023, Lee’s forecast was the most accurate among those surveyed by Bloomberg. His projection for the S&P 500 to conclude 2024 above 5,500 was later adjusted to 6,000, with the index closing just below 5,900.
He cautioned that missing key trading days could be detrimental, as the 10 best days in the previous year collectively added 20 percentage points to the S&P 500, contrasting with a mere 4 percent gain without them. Lee believes significant trading days may soon occur, depending on economic growth and employment data. Additionally, the investment strategist says a potential “Trump put” or “Fed put” could also arise if the economy falters, with possible intervention by the President or Federal Reserve to bolster the economy.
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A top Wall Street strategist who predicted two of the last major stock surges says he believes another market boom is possible over the next several months despite recent sell-offs and mounting concerns that the U.S. economy is slowing. Tom Lee, co-founder of Fundstrat Global Advisors, says he foresees a possible substantial rally in the coming months, emphasizing that the majority of annual stock gains historically occur during just 10 key trading days.
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President Donald J. Trump and his White House economic team have laid out key details of his plan to establish a national Bitcoin reserve amid the increasingly popular use of cryptocurrencies worldwide. Late Thursday, President Trump signed an executive order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
Speaking at the White House Crypto Summit on Friday, Treasury Secretary Scott Bessent asserted the U.S. government intends to use stablecoins and other cryptocurrency assets as part of a broader plan to maintain the U.S. dollar’s status as the global reserve currency. Meanwhile, President Trump emphasized that China’s entry into the crypto market necessitates the establishment of a government cryptocurrency reserve.
“Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we’re taking historic action to deliver on that promise,” President Trump said, flanked by a number of his economic advisors. “Yesterday, I signed an executive order officially creating our Strategic Bitcoin Reserve, and this will be a virtual Fort Knox for digital gold to be housed within the United States Treasury.”
President Trump stressed that the Treasury and Commerce Departments will be directed to explore additional avenues to acquire Bitcoin digital assets, but only through methods that come at no expense to taxpayers. Additionally, the President stated he has directed federal agencies to end ongoing regulatory and legal action that could harm cryptocurrency development and adoption.
WATCH:
President @realDonaldTrump on new strategic Bitcoin reserve: “I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet…This will be a virtual Fort Knox for digital gold to be housed within the United States Treasury.” pic.twitter.com/jDa0yfJ6F4
President Donald J. Trump and his White House economic team have laid out key details of his plan to establish a national Bitcoin reserve amid the increasingly popular use of cryptocurrencies worldwide. Late Thursday, President Trump signed an executive order creating a federal government reserve of Bitcoin with the goal of retaining an estimated 200,000—mainly sourced through cryptocurrency assets already seized by federal agencies in criminal proceedings.
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The U.S. economy saw an increase of 151,000 jobs in February, on par with projections, according to data released by the Bureau of Labor Statistics (BLS). The number of native-born workers increased by 284,000, while the number of foreign-born workers declined by 84,000—suggesting the jobs market may be realigning in favor of U.S. citizens.
The report indicates a decrease in federal employment by 10,000, a change associated with the ongoing efforts by President Donald J. Trump and Elon Musk to reduce the government workforce.
Despite the decline in federal employment, growth in sectors such as health care, financial activities, transportation, warehousing, and social assistance helped balance the overall job market. The entertainment sector witnessed mixed results, with employers in the movie and music industries contributing an additional 4,700 jobs, raising total employment to 413,500. Conversely, the broadcasting and content provision segments experienced a reduction of approximately 1,000 jobs, bringing the total to 331,500. Employment levels in publishing remained stable, with a minor increase of about 400 positions, reaching 918,800.
Additionally, The National Pulse reported yesterday that jobless claims fell by 21,000 to 221,000 in the week to March 1, down from a three-month high in late February. The jobs data suggests the labor market remains strong and stable despite handwringing from political establishment figures fearmongering that federal worker layoffs could drive unemployment rates significantly higher.
A robust labor market has resulted in the Federal Reserve pausing its rate-cutting cycle.
Native-Born workers increased by 284K to 130.1 million Foreign-born workers dropped by 84K to 31.7 million pic.twitter.com/EQB042u8NT
The U.S. economy saw an increase of 151,000 jobs in February, on par with projections, according to data released by the Bureau of Labor Statistics (BLS). The number of native-born workers increased by 284,000, while the number of foreign-born workers declined by 84,000—suggesting the jobs market may be realigning in favor of U.S. citizens.
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PresidentDonald J. Trump announced on Thursday a delay in implementing 25 percent tariffs on some Mexican and Canadian goods covered under the United States–Mexico–Canada Agreement (USMCA) for one month. Previously, Trump had delayed entirely the implementation of the 25 percent tariff—originally slated to be imposed at the start of February.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd,” President Trump wrote in a post on Truth Social announcing the partial delay.
He added: “I did this as an accommodation and out of respect for President Sheinbaum. Our relationship has been a very good one, and we are working hard together on the Border, both in terms of stopping Illegal Aliens from entering the United States and, likewise, stopping Fentanyl. Thank you to President Sheinbaum for your hard work and cooperation!”
Canadian Prime Minister Justin Trudeau noted that Canada anticipates ongoing trade tensions with the U.S. “The broader month-long pause aligns with some of the conversations that we have been having with administration officials,” Trudeau stated. He acknowledged the gesture as a “promising sign,” though he added, “the tariffs remain in place and therefore our response will remain in place.”
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President Donald J. Trump announced on Thursday a delay in implementing 25 percent tariffs on some Mexican and Canadian goods covered under the United States–Mexico–Canada Agreement (USMCA) for one month. Previously, Trump had delayed entirely the implementation of the 25 percent tariff—originally slated to be imposed at the start of February.
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Jobless claims fell by 21,000 to 221,000 in the week to March 1, down from a three-month high in late February. The jobsdata suggests the labor market remains strong and stable despite handwringing from political establishment figures who contend that federal worker layoffs could drive unemployment rates significantly higher.
In reality, federal workers comprise less than one percent of all American employees, excluding the U.S. Post Office. The layoffs initiated by President Donald J. Trump have only seen a fraction of federal workers actually dismissed. According to a separate measure that monitors federal employment, the final week of February saw 1,634 government workers file for unemployment, compared to 614 claims filed the week prior.
Notably, the weekly jobless claims numbers are used as a proxy for determining the rate of layoffs in the United States. The data from the end of February indicates that the U.S. labor market and economy remain strong.
According to a Reuters survey of economists, the overall unemployment rate is expected to remain unchanged at four percent despite recent corporate media claims that the economy is slowing. The federal government’s Bureau of Labor Statistics (BLS) will release its February data on Friday, and it is forecasted that the economy added around 160,000 jobs last month, up from the 143,000 jobs added in January.
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Jobless claims fell by 21,000 to 221,000 in the week to March 1, down from a three-month high in late February. The jobs data suggests the labor market remains strong and stable despite handwringing from political establishment figures who contend that federal worker layoffs could drive unemployment rates significantly higher.
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President Donald J. Trump may reduce the tariffs imposed on Canada and Mexico, according to a senior official. Commerce Secretary Howard Lutnick has noted President Trump’s openness to considering proposals from America’s northern and southern neighbors, suggesting potential relief for certain market sectors.
“He’s considering something more moderate,” Lutnick stated, emphasizing the possibility of partial tariff reductions rather than a complete rollback. The tariffs are part of Trump’s strategy aimed at curbing drug and migrant flows across U.S. borders, with a particular focus on the deadly drug fentanyl, which kills thousands of Americans every year.
In response to the tariffs, President Claudia Sheinbaum of Mexico claimed she would resist the U.S. Sheinbaum confirmed a scheduled call with Trump for Thursday but provided no concrete information on the potential tariff adjustment discussed by Lutnick.
Should the tariffs remain unchanged, she plans for Mexico to introduce retaliatory tariffs on Sunday, coinciding with a demonstration planned in Mexico City.
Canada has also vowed to respond to the tariffs with various measures. Ontario Premier Doug Ford has threatened to remove all American alcohol from publicly owned LBCO stores and impose tariffs on Ontario electricity delivered to the U.S.
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President Donald J. Trump may reduce the tariffs imposed on Canada and Mexico, according to a senior official. Commerce Secretary Howard Lutnick has noted President Trump's openness to considering proposals from America's northern and southern neighbors, suggesting potential relief for certain market sectors.
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