As the week comes to a close, here\u2019s a quick recap of the top stories that dominated the headlines, from the world of politics to the economy and the stock market.<\/p>\n
Scott Bessent<\/strong>\u00a0Fires Back At\u00a0Bob Elliott<\/strong>\u2018s Claim That Tariffs \u2018Offset\u2019 Rent Relief<\/p>\n An economist\u2019s analysis warned that a \u201csurge in tariff related price hikes\u201d is keeping inflation \u201cstuck above 3%,\u201d effectively nullifying any relief from falling rents. This analysis, which details how tariff costs are working \u201cthrough supply chains,\u201d was sharply rebutted by Treasury Secretary\u00a0Scott Bessent<\/strong>.<\/p>\n Read the full article\u00a0here<\/a>.<\/p>\n Hakeem Jeffries<\/strong>,\u00a0Chuck Schumer<\/strong>\u00a0Blast Trump\u2019s White House Bathroom Makeover<\/p>\n President\u00a0Donald Trump<\/strong>\u00a0came under fire for focusing on a White House bathroom renovation. House Minority Leader\u00a0Hakeem Jeffries<\/strong>\u00a0and Senate Majority Leader\u00a0Chuck Schumer<\/strong>\u00a0criticized the move as millions of Americans prepare for sharply higher health insurance premiums.<\/p>\n Read the full article\u00a0here<\/a>.<\/p>\n Inflation Vs. Reality: Bilello<\/strong>\u00a0Slams \u2018Clearly Wrong\u2019 Government Data<\/p>\n Charlie Bilello<\/strong>, the chief market strategist at Creative Planning, has sharply criticized official government inflation data, calling its calculation for health insurance \u201cabsurd\u201d and \u201cclearly wrong.\u201d<\/p>\n Read the full article\u00a0here<\/a>.<\/p>\n See Also:\u00a0Trump And Xi Jinping Meet In South Korea To Discuss Trade War, Rare Earths And More In High-Stakes Summit: President Calls It The \u2018G2\u2019 Summit \u2013 Benzinga<\/a><\/strong><\/p>\n Jobs Down 33%, Stocks Up 75% \u2014 Expert Blames Fed Policy, Not AI<\/p>\n A viral chart showing the S&P 500 soaring while job openings plunge has fueled fears that artificial intelligence is splitting the American economy in two. Since ChatGPT<\/strong>\u2018s debut in November 2022, the S&P 500 has surged more than 70%, while job openings have fallen about 30%.<\/p>\n