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The Latest Breaking News from Paul Krugman

Paul Krugman smacks down Trump speech with argument that $4 gas is ‘less than half’ of the Hormuz hit. Here’s what he’s talking about

Several other essential commodities cross the critical choke point, and a prolonged closure of the strait could injure American consumers.

Fortune

Senator Murphy Alleges 'Corrupt' Insider Trading After £1.17 Billion Futures Bet Placed Minutes Before Trump's Iran Post

An anonymous trader's massive futures trades just before Trump's Iran strike pause announcement have sparked insider trading allegations from a US senator and a Nobel Prize-winning economist.

International Business Times UK

Nobel laureate calls it 'treason': $580 million traded minutes before Trump's oil reversal

Approximately $580 million of oil futures were sold before Trump shocked the markets with a dubious statement.

Fortune

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The Iran conflict will be the ‘straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns

The Iran conflict alone could cost the U.S. $200 billion. Add it to everything else happening, and the U.S. economy is teetering on a ledge.

Fortune

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt

Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.

Fortune

In the Trump era, we need satire more than ever. Just don’t expect it to save democracy

In the US, comedy has long filled the space vacated by partisan news media. Now France is following its lead, says Guardian Europe columnist Alexander Hurst

The Guardian - UK

The crisis whisperer: how Adam Tooze makes sense of our bewildering age

The long read: Whether it’s the financial crash, the climate emergency or the breakdown of the international order, historian Adam Tooze has become the go-to guide to the radical new world we’ve entered

The Guardian - UK

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Paul Krugman Warns AI Rallies Driven By Rate-Cut Hopes Are 'Dead Cat Bounces' — Says It 'Bears an Unmistakable Resemblance' To The Dot-Com Era

Economist Paul Krugman is drawing sharp parallels between the current state of the AI trade and the final years of the dot-com boom in the 1990s, while warning that investors might be misreading the Federal Reserve’s recent signals and actions.

Benzinga

Economist Paul Krugman says Bitcoin’s crash shows the ‘unraveling of the Trump trade’

The Trump family, with ample crypto ventures, has lost an estimated $1 billion from the monthlong cryptocurrency free fall.

Fortune

Jeffrey Epstein dreamt up bizarre series starring Johnny Depp, Courtney Love – and even Stephen Fry

The disgraced financier had an idea for an interview series called ‘Strange Bedfellows’, but none of the stars he fantasised about featuring seem to be aware of its existence

The Independent UK

Trump's Policies Are Making America Less Affordable, Explains Nobel Economist Paul Krugman: 'That's Going Badly'

Nobel Prize-winning economist Paul Krugman has argued that President Donald Trump‘s policies are actively making America less affordable, directly contradicting the president’s central economic promises.

Benzinga

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Another week has come and gone, and it’s time to catch up on the latest economic news. Here’s a quick overview of what happened over the week, from Trump’s China tariff reversal to Ray Dalio’s market warning.

Benzinga

Ronald Reagan 'Didn't Love Tariffs,' Says Economist Paul Krugman: He Repeatedly Emphasized 'The Virtues of Free Trade'

Nobel Prize-winning economist Paul Krugman pushed back against President Donald Trump’s claims that former President Ronald Reagan “loved tariffs,” calling the statement false and historically inaccurate.

Benzinga

Xi Jinping Faces 'Unprecedented' Turmoil Within Communist Party, Says Leading China Expert As Trump Ramps Up Tariffs

As U.S.-China trade tensions continue to escalate amid President Donald Trump’s threat to add another 100% tariff on imports from the nation starting Nov. 1, Chinese President Xi Jinping is facing a rare challenge at home, according to political scientist Gordon Chang.

Benzinga

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Benzinga

Trump's Tariffs Backfire, China Stays Silent, Marc Andreessen Backs Musk's $10 Trillion Plan And More: This Week In Economy

It’s been an eventful week in the world of business and politics. Here’s a quick roundup of the top stories that you might have missed.

Benzinga

Elizabeth Warren Says Trump Is Giving $20 Billion To Argentina While Americans Can't Afford Groceries: Calls Out Bailout For 'Wall Street Hedge Funds'

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump’s decision to allocate $20 billion in taxpayer funds to Argentina, a move that comes at a time when Americans are still struggling at home.

Benzinga

Trump's 'Liberation Day Tariffs' Have Backfired, Says Economist Paul Krugman: The Chinese 'Know What They're Doing,' America Doesn't

Nobel Prize-winning economist Paul Krugman is warning that President Donald Trump’s “Liberation Day” tariffs are backfiring, as he argues that China now holds the upper hand in the escalating trade war.

Benzinga

Trump's 'Genius Act' Sparks Hyperinflation Fears, Congresswoman Violates STOCK Act And More: This Week In Politics

Another week, another batch of stories. Here’s a quick roundup of the key political stories from the week that you might have missed.

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Benzinga

Scott Bessent's $20 Billion Lifeline For Argentina A Bailout For 'His Hedge Fund Buddies,' Says Paul Krugman

Nobel Prize-winning economist, Paul Krugman has slammed U.S. Treasury Secretary Scott Bessent for the administration’s $20 billion aid package for Argentina, calling it a lifeline for his “hedge fund buddies,” rather than being a move that furthers in U.S. strategic interest.

Benzinga

Trump's $100,000 H-1B Visa Fee May Slash US Jobs Instead Of Boosting Them: White House Calls Out 'Massive Abuse'

Experts warn that the Trump administration's decision to raise the H-1B visa fee to $100,000 could unintentionally reduce U.S. jobs and slow economic growth.

Benzinga

Trump's H1B Visa Fee Is 'Purely Destructive,' Warns Economist Paul Krugman: Knocking Away 'Pillar Supporting American Greatness'

Economist Paul Krugman is warning that President Donald Trump’s newly instituted $100,000 fee for H-1B visa holders threatens to erode the foundations of U.S. economic and technological leadership.

Benzinga

Trump 'Strongly' Disagrees With Ken Griffin On Fed, Slams Central Bank's Neglect Of Money Supply: 'It's Like The Pope Not Believing In Jesus'

President, Donald Trump expressed disagreement with Ken Griffin, a billionaire and a former supporter of Trump, who had criticized the President’s interference with the Fed’s independence.

Benzinga

Scott Bessent Is 'Truly Vile,' Says Economist Paul Krugman: Slams 'Sleazy' And 'Underhanded' Campaign To Attack Fed Independence

Economist Paul Krugman slammed Treasury Secretary Scott Bessent for his efforts to undermine the independence of the Federal Reserve.

Benzinga

Trump Could 'Zimbabwify' America, Says Economist Paul Krugman: Warns Against 'Fiscal Dominance' of Monetary Policy

Economist Paul Krugman is raising the alarm against President Donald Trump’s attempts to destroy the Federal Reserve’s independence, in a push for personal control over monetary policy.

Benzinga

Trump's 'Crackpot Economics' A Disaster In The Making, Says Economist Paul Krugman — Markets Won't React Until It's Too Late

Economist Paul Krugman has issued a stark warning against President Donald Trump’s undermining of the Federal Reserve’s independence.

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