The U. S. economy is a hot topic right now, and many people are feeling uncertain. A recent survey shows that a lot of Americans are worried about the economy and the impact of tariffs. About half of the people think that these tariffs will make prices go up a lot. Another 30% think prices will rise somewhat. This is a big deal because it shows that people are not su...
The stock market had a wild ride on Thursday. It all started with a tweet from President Trump. He was upset with the Federal Reserve Chair, Jerome Powell. Trump thought Powell was moving too slowly on interest rates. This news shook the market in the morning. But things changed in the afternoon. Trump talked about trade deals with Europe and China. He said there wou...
The market was shaken up by Trump's back-and-forth on tariffs. By the time trading ended, stocks had regained some lost ground, but the damage was already done. Interest rates spiked, business activity slowed, and the specter of a recession loomed larger. The chance of a U. S. default crept up to 6%, according to prediction markets. Larry Summers, a former Treasury s...
The 2024 election of Donald Trump caught many in the finance world off guard. They were thrilled by the idea of fewer regulations and lower taxes. Many bankers and investors thought this would be a golden era for business. They believed they could finally speak their minds without worrying about offending others. Some even felt free to use language that had been disc...
The aerospace industry is in for a bumpy ride. New tariffs are set to make planes and parts more expensive. This could hurt an industry that helps the U. S. trade balance by over 100 billion dollars each year. The U. S. aerospace industry has been a big winner in global trade. For decades, it has enjoyed duty-free trade thanks to a long-standing agreement. Now, new ...
The world is bracing for a significant shift in global trade. A prominent political figure is preparing to announce sweeping tariffs. These new taxes on imports are expected to target numerous countries, including some of America's biggest trading partners. The move comes after months of promises from this figure to implement what he calls "fair" trade policies. He ...
The political landscape is often a stage where grand promises are made to win votes. Donald Trump, like many politicians, was no exception. He vowed a golden age for America, starting from day one. He also promised to tackle inflation swiftly and even hinted at ending the Russia-Ukraine conflict in a mere 24 hours. These lofty goals were reminiscent of biblical creat...
A major South Korean automaker is set to reveal a substantial financial commitment to the United States. This move is part of a broader trend of foreign companies investing heavily in American manufacturing. The focus is on creating jobs and boosting the economy. The announcement will take place at the White House, involving key figures from both the government and t...
The Federal Reserve is expected to keep interest rates steady. This means that people who want to borrow money might have to wait a bit longer for better loan deals. On the other hand, savers might enjoy more stable returns on their savings accounts. The central bank has been raising and lowering rates to control inflation. After a period of rapid increases, they ...
Tesla's stock has taken a nosedive. It's now lower than it was before the November elections. This drop wiped out a 91% gain that happened after President Trump's victory. Tesla, led by CEO Elon Musk, is now at the center of a broader market slide. The stock plunged about 8% to $241 by mid-morning. This is the lowest it's been since November 4th, the day before the ...