ECONOMIC IMPACT

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Dec 03 2024POLITICS

Musk and Ramaswamy's Mission: Save Money, Solve Woes

Elon Musk and Vivek Ramaswamy are on a mission to find and fix the most wasteful parts of the government. They believe they can save the US billions of dollars each year. This isn't easy, but if they succeed, it could help many Americans live better lives. President Trump once said their Department

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Dec 01 2024BUSINESS

Shopping Small: A Big Deal for Communities

Imagine walking through a mall on a Saturday morning, browsing through a kiosk filled with cute stuffed animals. That was what Aurora resident Michael Steinbarth was doing with his son. He had a clear view on why small businesses are so important. "They're like the backbone of our country, " he said

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Nov 30 2024BUSINESS

Small Business Owners Brace for More Tariffs

As President Trump proposes new tariffs, small business owners are scrambling to protect their companies. Many are worried these higher tariffs could make things even tougher than before. Experts disagree with Trump's claims that his previous tariffs created jobs and didn't cause inflation. Analysts

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Nov 30 2024BUSINESS

Why Small Businesses Deserve Our Shopping Dollar year-round

It’s not just about Black Friday and Cyber Monday anymore—Small Business Saturday is making a splash! Born in 2010 by American Express and co-sponsored by the United States Small Business Administration since 2011, this shopping day puts the spotlight on local businesses. They're the heart of commun

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Nov 30 2024POLITICS

Trudeau Warns: Trump's Tariffs Could Hurt U. S. Consumers and Businesses

Justin Trudeau, Canada's Prime Minister, cautioned that if Donald Trump follows through on his threat to impose tariffs on Canadian goods, American consumers and businesses could feel the pinch. Trump's plan is to add a 25% tax on all products coming from Canada and Mexico, aiming to stop the flow o

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Nov 28 2024FINANCE

Ruble's Rollercoaster: A Look into Russia's Economic Struggles

Russia's ruble has been on a wild ride, hitting a low not seen since the start of the Ukraine war. The central bank had to step in to shore up the currency, which slid to 114 against the dollar. This sharp fall has experts worried about the country's economic health. They see signs of a full-blown c

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Nov 21 2024ENVIRONMENT

Cruises: Navigating the Environmental, Economic, and Social Waves

When you think of cruises, who wouldn't imagine a fun-filled getaway? But, let's not ignore the other side of the coin. As cruises become more popular, their impacts on the environment, economy, and society are becoming a bigger deal. To understand these impacts better, experts dived into the issue.

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Nov 18 2024FINANCE

Billionaire Ken Griffin Sells Chicago Penthouse at a Loss

Billionaire hedge fund manager Ken Griffin has sold his luxury penthouse in Chicago's No. 9 Walton condo tower for a big loss. The deal closed at $19 million, which is a whopping 44% less than the $34 million he paid in 2017. This sale is part of Griffin's plan to leave Chicago, following Citadel's

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Nov 18 2024BUSINESS

China's Retaliation Risks: What U. S. Companies Fear

With Donald Trump's administration adopting a tough stance on China, U. S. companies are worried about becoming targets of retaliation. Trump has threatened high tariffs and ending reliance on China, which could disrupt supply chains and increase prices for consumers. The Chinese government might re

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Nov 16 2024BUSINESS

Why Some Businesses are Worried About Trump's Import Tariffs

Look around your house, you'll spot plenty of things Made in China or elsewhere abroad. But now, imagine paying much more for these items. That's what might happen with President Trump's proposed tariffs on imports. Bobby Djavaheri, who runs Yedi Houseware Appliances in Los Angeles, is worried. He t

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