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James Thornton
James Thornton
Finance & Economy Editor

James covers Wall Street, the Federal Reserve, trade policy, and the intersection of politics and financial markets.

76 articles published

United CEO Kirby Pitched American Airlines Merger to Trump, Creating Global Aviation Giant
Finance
United CEO Kirby Pitched American Airlines Merger to Trump, Creating Global Aviation Giant
United Airlines CEO Scott Kirby reportedly proposed a merger with American Airlines to President Trump in February, a de
Congressional Bill Targets 'Phantom Gains' Tax on Mutual Fund Investors
Finance
Congressional Bill Targets 'Phantom Gains' Tax on Mutual Fund Investors
A bipartisan bill seeks to reform how mutual fund capital gains distributions are taxed, allowing investors to defer tax
Delta's Premium Push: Airlines Bet on Wealthy Travelers Amid Economic Divide
Finance
Delta's Premium Push: Airlines Bet on Wealthy Travelers Amid Economic Divide
Delta Air Lines is allocating half the seats on its new Airbus A350-1000 aircraft to premium cabins, part of an industry
U.S. Consumer Confidence Plummets to Historic Low Amid Iran Conflict, Fuel Price Surge
Finance
U.S. Consumer Confidence Plummets to Historic Low Amid Iran Conflict, Fuel Price Surge
American consumer confidence collapsed to its lowest level on record in April, falling nearly 11% as prolonged military
Fiscal Dominance Looms as Fed Nominee Warsh Confronts $39 Trillion Debt Dilemma
Finance
Fiscal Dominance Looms as Fed Nominee Warsh Confronts $39 Trillion Debt Dilemma
The Federal Reserve faces mounting pressure from unsustainable budget deficits, limiting its ability to cut interest rat
U.S. Inflation Hits 3.3% as Iran Conflict Drives Energy Price Surge
Finance
U.S. Inflation Hits 3.3% as Iran Conflict Drives Energy Price Surge
Annual U.S. inflation rose to 3.3% in March, reaching its highest point in nearly four years, propelled by a sharp 10.9%
Minivan Sales Surge 21% as Economic Pressures Drive Shift from SUVs
Finance
Minivan Sales Surge 21% as Economic Pressures Drive Shift from SUVs
The minivan, long associated with family transport, is seeing a 21% sales increase in 2025, fueled by economic concerns
U.S. Economy Stalls in Late 2025, GDP Growth Slashed to 0.5% Amid Shutdown, Iran Conflict
Finance
U.S. Economy Stalls in Late 2025, GDP Growth Slashed to 0.5% Amid Shutdown, Iran Conflict
New Commerce Department data shows U.S. economic growth slowed sharply to 0.5% in Q4 2025, a significant downgrade drive
Trump Appeals to New York's Highest Court to Vacate Remaining Fraud Case Penalties
Finance
Trump Appeals to New York's Highest Court to Vacate Remaining Fraud Case Penalties
Donald Trump has filed an appeal with New York's highest court seeking to eliminate the remaining penalties from the sta
Crypto Industry Seeks Federal Bank Charters, Testing Regulatory Boundaries
Finance
Crypto Industry Seeks Federal Bank Charters, Testing Regulatory Boundaries
Cryptocurrency companies, founded on libertarian ideals, are now pursuing government-regulated bank charters in a strate
Used Vehicle Prices Reach Highest Level Since 2023 as Supply Crunch Meets Tax Season Demand
Finance
Used Vehicle Prices Reach Highest Level Since 2023 as Supply Crunch Meets Tax Season Demand
A key wholesale index for used vehicles reached its highest point since summer 2023 in March, as constrained supply coll
SpaceX Files for IPO, Targets Historic $1.75 Trillion Valuation in June Listing
Finance
SpaceX Files for IPO, Targets Historic $1.75 Trillion Valuation in June Listing
SpaceX has confidentially filed for an initial public offering with the SEC, targeting a June listing and a historic $1.
North American Job Market Confidence Plummets in 2025 Amid Slowing Employment Growth
Finance
North American Job Market Confidence Plummets in 2025 Amid Slowing Employment Growth
Public confidence in the North American job market has fallen sharply, with fewer than half of U.S. and Canadian respond
Deloitte Survey: 40% of Americans Cancel Streaming Subscriptions Amid Economic Pressure
Finance
Deloitte Survey: 40% of Americans Cancel Streaming Subscriptions Amid Economic Pressure
A Deloitte survey finds more than 40% of Americans have reduced entertainment subscriptions for financial reasons, with
Legal Showdown Intensifies as Kalshi Battles States Over Prediction Market Regulation
Finance
Legal Showdown Intensifies as Kalshi Battles States Over Prediction Market Regulation
Prediction market platform Kalshi is engaged in a high-stakes legal battle with multiple states over whether its contrac
Treasury Taps BNY Mellon as Financial Agent for Trump Accounts Launch
Finance
Treasury Taps BNY Mellon as Financial Agent for Trump Accounts Launch
The Treasury Department has designated Bank of New York Mellon as the financial agent to implement the Trump Accounts pr
Dimon Warns Iran Conflict Could Trigger Recession Through Inflation, Rate Hikes
Finance
Dimon Warns Iran Conflict Could Trigger Recession Through Inflation, Rate Hikes
JPMorgan Chase CEO Jamie Dimon warns that the ongoing conflict with Iran risks creating stubborn inflation and elevated
Survey: One-Third of Americans Turn to High-Risk Crypto, Meme Stocks for Financial Planning
Finance
Survey: One-Third of Americans Turn to High-Risk Crypto, Meme Stocks for Financial Planning
A new study reveals a significant portion of Americans are planning to invest in high-risk, speculative assets such as c