Trump Doubles Down On Affordability ‘Hoax’ View In Speech On Economy

Applications for unemployment benefits surged last week, marking the most significant increase since 2020, following a period where claims had previously dropped to a three-year low. This fluctuation indicates ongoing volatility in the labor market, as recent trends suggest a complex interplay between job availability and economic conditions.

Forbes has released the 2025 Midas List Europe, ranking the top 25 venture capital investors in Europe and the Middle East, in collaboration with TrueBridge Capital Partners. This list serves as a definitive guide to the leading figures in venture capital within these regions.

Former President Donald Trump criticized the Federal Reserve's recent decision to implement its third consecutive interest rate cut, labeling it as 'too small' and expressing a desire for a more substantial reduction. This move has sparked significant dissent within the Fed, with three officials opposing the decision, marking the highest level of dissent in six years.

China, along with several European nations, has raised objections to a proposed exemption for US multinationals from the OECD's global minimum tax framework, effectively stalling the agreement. This move highlights the tensions surrounding international tax policies and the influence of major economies in shaping these regulations.

Elon Musk confirmed via a post on X that reports regarding SpaceX's plans for an initial public offering (IPO) next year are accurate, following recent discussions about the company's financial strategies and market positioning. This announcement comes shortly after media speculation about the IPO's potential scale and valuation.

Former President Donald Trump has introduced a new immigration initiative, offering $1 million 'gold card' visas to individuals who can demonstrate a substantial benefit to the United States. This program aims to attract skilled immigrants who can contribute positively to the economy and society.

Stephen Moore, a former economic advisor to President Trump, discussed the Federal Reserve's recent decision to cut interest rates and the implications for the U.S. economy during an appearance on Bloomberg Businessweek Daily. He criticized the significant spending bill passed at the end of Trump's first term, labeling it a mistake, while also speculating on potential candidates for the next Fed Chair.

The Federal Reserve has indicated that it may not fulfill former President Trump's request for interest rate cuts, while simultaneously projecting a positive outlook for the economy in 2026. This comes as the Fed prepares for its final meeting of the year amidst ongoing economic uncertainty and inflation concerns.