The world economy is in for a rough patch. The World Bank has warned that growth is set to slow down significantly. This is mainly due to the ongoing trade disputes sparked by the U. S. government. The situation is so tense that it might lead to the slowest economic growth since the 1960s. The World Bank's report highlights that while a full-blown recession isn't...
In April, the U. S. saw a slight dip in inflation rates. This is a brief calm before the storm. Why? Because trade tensions are about to heat up. The government and the Federal Reserve have been working hard to keep inflation at a steady 2 percent since the pandemic. They finally saw some relief in April. But don't get too comfortable. Experts predict that prices wil...
The US economy is facing a tough time. The chances of a recession have gone up because of rising tariffs. This is not good news for anyone. A big bank, Goldman Sachs, thinks there is now a 35% chance of a recession in the next year. This is a big jump from the 20% chance they thought a few months ago. Tariffs are taxes on goods coming into the country. They ...
The global economy is in a pickle. Why? Because of trade wars. The Organisation for Economic Co-operation and Development recently shared some worrying news. They said that the tariffs imposed by the United States are causing serious problems. These tariffs are slowing down economic growth both in the U. S. and worldwide. Plus, they're pushing prices up again, ...
Rivian, the electric vehicle (EV) maker, recently announced its fourth-quarter earnings for 2024. The company managed to surprise investors by achieving a gross profit of 170 million dollars. This is a big deal because it's the first time Rivian has made a profit in a single quarter. However, the company also said it expects to make less money in 2025. Rivian is plan...
Let's dive right in. Big changes might be coming to Medicaid. The government's new efficiency drive, led by Elon Musk, has a huge target on its back: $1 trillion in spending cuts. To put that into perspective, the federal government spent a whopping $6. 75 trillion in 2024. Almost two-thirds of that was on programs that are mandatory. The biggest chunks of t...
You might have heard that AI is going to take over the job market. But hold on, one economist says we shouldn’t be too worried just yet. Daron Acemoglu thinks only about 5% of jobs will be replaced or heavily helped by AI in the next decade. So, is all this AI hype getting out of hand? Right now, AI isn't reliable enough to replace humans in most jobs. Take white-co...