Market expert sees 50% chance of recession in second half of 2025
Mike Mussio, president of FBB Capital Partners sees a 50% chance the U.S. economy falls into a recession in the second half of the year because of tariffs.
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How carmakers are raising costs without you noticing
Carmakers are finding ways to pass tariff costs on to their customers even if the sticker price for vehicles remains steady. Currently most car parts that enter the US are slapped with a 25 percent tariff. As such some popular makers such as Toyota have announced that their models will get more expensive. But other automakers are already boosting prices in a way that seems almost invisible initially. Some brands have quietly slashed rebates and cheap financing deals, which will add hundreds of dollars to consumers' monthly payments, Bloomberg reported. Average incentives which once took 10 percent off the price of a new car are now around 6.7 percent instead, according to the Kelley Blue Book car buying guide. Some dealers are also sucking more out of their customers by hiking their delivery fees by as much as $400, according to The stealth charges are a way for automakers to pass on the cost of tariffs without putting consumers off with a large upfront price hike. 'On the consumer side, they're seeing several thousand dollars of actual-experience price increase, whereas the factory is saying, "No man, we didn't raise prices at all,"' Ford Dealer Morris Smith III told Bloomberg. 'Stealth is a good word for it,' he added. Such stealth hikes also help companies avoid Trump's wrath for blaming price increases on his policies. The President hit out at Walmart earlier this year after it revealed that it would be raising prices to help cope with the cost of tariffs. 'Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected,' he seethed on his social media site Truth Social. 'Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!' As well as the subtle price hikes, the average sale price for a new car rose 2.5 percent in April compared to the month before. Subaru said that Americans will see price increases between $750 and $2,055 on new cars starting this month. The increases were made in response to 'current market conditions,' Subaru said in a statement. 'The changes were made to offset increased costs while maintaining a solid value proposition for the customer,' the company added. Ford also announced price hikes as a result of tariffs, which analysis calculates will add roughly $480 onto the price of each new vehicle . General Motors said it expects to pay between $4 billion and $5 billion annually if tariffs remain at their current levels.
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Daily Mail
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Huge blow for Oregon as woke state's second biggest company moves HQ to ARIZONA, with GOP blaming Dems
An iconic coffee chain founded in Oregon has officially decided to move its headquarters from the woke state to Arizona. Dutch Bros Coffee confirmed this week that it will shift operations from its original base in Grants Pass to a growing office near Phoenix - another blow to the liberal state. The $11.8billion drive-thru business, which is Oregon's second most valuable company after the activewear brand Nike, announced it will relocate its corporate headquarters in the near future. The major move represent yet another high-profile business fleeing the area, where sky-high taxes, crime and regulations have driven companies to seek refuge in Republican states. The move comes just 18 months after the coffee giant tapped Arizona native Christine Barone as CEO as it revealed plans to use millions to relocate much of its workforce to Phoenix. OregonLive said Dutch Bros executives living near the current HQ in Grants Pass had struggled to find adequate childcare in the small city. But Republicans say the Democrats including Governor Tina Kotek should have fought far harder to keep the chain in the Beaver State, as its revenue continues to rocket. Some also suggested liberal policies passed in state capital Salem were anti-business and helped drive Dutch Bros to the Republican stronghold of Arizona 'Dutch Bros has been more than just a coffee company; it's been a valued employer, a community partner, and a symbol of local innovation and grit,' said Rep. Dwayne Yunker, R-Josephine County, in a written statement, as reported by Oregon Live. 'Their departure should alarm every policymaker in Salem,' Yunker said. has reached out to Kotek for comment but has not yet received a response. The coffee company claims the move is aimed to help 'bring more people together' in order to 'better serve customers' across the country. 'Over the past several months, we have seen the functional and cultural advantages of having more of our field support roles working together in one place,' the company wrote in a statement. 'To support the next phase of Dutch Bros' growth, we're relocating additional roles to our new Phoenix office and making strategic changes to the structure of several teams.' 'Bringing more people together will allow us to better serve our customers and crews across the country,' the company said. 'With these changes, the Phoenix office will become our official HQ.' Despite the move, Dutch Bros said it would maintain a presence in Southern Oregon and continue investing in the region through its charitable foundation. 'Additionally, through the Dutch Bros Foundation, we'll continue our long-standing commitment to uplifting and supporting the Southern Oregon community,' the company said. The coffee chain started as a humble cart in tiny Grants Pass back in 1992. Brothers Travis and late Dane Boersma built their operation into a nationwide company with over 1,000 locations. Annual sales have exploded from just $240million five years ago to a staggering $1.3billion last year, with predictions of another whopping 22 percent surge in 2025. The decision comes amid an ongoing trend of major companies leaving West Coast states, due to various factors such as crime, policies and taxes. Last month, a long-standing outdoor store decided to close all of its Oregon locations, marking another business casualty in Portland as crime remains at 'historic heights'. Republican lawmakers were quick to slam Democrat Governor Tina Kotek's administration for creating a business environment that drove away the hometown success story. She is pictured speaking with members of the media before casting her ballot on November 2, 2022 Next Adventure, a beloved outdoor gear store founded by childhood friends Deek Heykamp and Bryan Knudsen in 1997, grew into a 'beloved Portland institution' throughout its three decades in operation, making nearly $24 million in annual sales at its peak, Portland Business Journal reported. The business eventually expanded to four locations across Oregon - its flagship store in Portland's Central Eastside, another in Sandy, and two paddle centers in Portland and Columbia County. However, all four locations are set to close later this year, the owners announced. 'We're entering a very uncertain time, there are challenges and we're in our 60s,' Heykamp said at the time. 'So when you're in uncertain times, and you make decisions as a leader, it's my and Bryan's responsibility to look at our business and make good decisions on how we can build stability and build the best possible outcome for everybody,' he added. 'And after a lot of work, we came up that this is the right direction to go.' Portland and Oregon became symbolic of the decline of Democrat-run progressive cities in the wake of the COVID pandemic. The once stunning city on the Willamette River became a byword for homelessness, open-air drug use, far-left wing riots and lawmakers happy to turn a blind eye to urban decay. Businesses fled downtown Portland in droves amid plummeting quality of life, with the city enduring record murder rates in 2022. The city finally appears to have been shamed into taking action in recent months, with voters dumping progressive prosecutor Mike Schmidt and clearing homeless encampments from its downtown.
