Trade tensions heated up on June 2. This caused a stir in the global market. Investors became cautious. They decided to avoid risky investments. This led to a drop in Asian shares and US stock futures. The president of the United States made a bold move. He announced plans to double tariffs on steel and aluminum imports. He also accused China of not keeping it...
Canada's steel industry is in a tough spot. The US has doubled tariffs on steel imports from Canada. This move has sparked a lot of anger and worry. The industry is bracing for major job losses and factory slowdowns. Steel is a big deal in Canada. It's a 15 billion dollar industry. It employs 23, 000 people directly and supports another 100, 000 jobs indirectly. The...
The business travel industry is facing some serious challenges. A recent poll of over 900 travel professionals revealed a significant drop in optimism. In November 2024, 67% of respondents felt positive about the industry. By April 2025, that number had plummeted to just 31%. This shift is largely due to new tariffs, stricter border policies, and other government...
The crypto world is buzzing with political chatter. The vice president of the United States recently spoke at a major crypto event. He warned the crowd that politics would not overlook the crypto community. The vice president made it clear that the U. S. wants to lead in the crypto space. He believes that political decisions can greatly impact even the most groundbre...
Brazil is preparing for a potential outbreak of foot-and-mouth disease (FMD). This virus can cause big problems. It can lead to the loss of many animals, lower the production of livestock and meat, and increase spending on control and eradication. Plus, it can lead to trade restrictions, which can hurt the economy even more. To get ready, researchers looked at f...
The fashion world is buzzing with news from Abercrombie & Fitch. Despite a gloomy forecast due to tariffs, the company's shares skyrocketed. This unexpected reaction came after the retailer announced a significant drop in its profit outlook. Tariffs, particularly a 30% hit on imports from China and a 10% levy on goods from various other countries, are expected to cos...
China is making waves in the tech world. Every month, it seems, a new, groundbreaking technology emerges from the country. BYD, now the world's top electric vehicle maker, has just unveiled a rapid charger. This charger can juice up a car's battery with 250 miles of range in just five minutes. That's a game-changer for electric vehicles, making them more practical fo...
Fast food giant McDonald's has decided to shut down all five of its CosMc's stores. This decision comes just two years after the alien-themed coffee shops opened their doors. This move might seem surprising, but it's not entirely unexpected. The idea behind CosMc's was to tap into the growing market of specialty coffee and beverage chains. These chains have b...
The United States is a top destination for international students seeking higher education. In 2023, over 1. 1 million students from abroad were enrolled in U. S. colleges and universities. This number is a record high, showing a 7% increase from the previous year. The impact of these students goes beyond academics. They bring diverse persp...
The U. S. Mint is facing a peculiar challenge: producing coins that cost more to make than their actual value. This issue has sparked conversations about the future of certain coins, especially the penny. The penny, for instance, costs nearly 4 cents to produce and distribute. This is a significant increase from previous years, highlighting the rising costs of raw ma...