Lisa Cook, the first Black woman to hold a position on the Federal Reserve Board of Governors, is under intense pressure to step down. This comes after President Donald Trump moved to remove her from her role. Kevin Hassett, Trump's top economic adviser, suggested that Cook should take a leave of absence. He even called it "the honorable thing to do. " Hassett's com...
The United States is in a bit of a financial pickle. The national debt has ballooned to a staggering $37. 09 trillion, with $9 trillion added in just four years. This massive debt surge has some experts pointing fingers at a decision made back in 1971, when President Richard Nixon ended the gold standard. Back then, the dollar was backed by gold, which meant the gov...
Crypto prices took a hit recently. Bitcoin and Ethereum both dropped after new data showed inflation is rising. This news made investors nervous. They worry that prices might keep going up, which could hurt crypto values. A well-known crypto expert pointed out that Ethereum and other altcoins tried to reach a key price level. This level is a major resistance point, ...
On a recent Thursday, a familiar face on Fox Business, Maria Bartiromo, delivered some harsh truths about the economy. The Bureau of Labor Statistics dropped a bombshell: wholesale prices skyrocketed in July, hitting a three-year high. This wasn't good news for anyone, least of all President Donald Trump, who's been pushing hard on tariffs. Bartiromo, usually a Trum...
Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that inflation is starting to cool down. Bitcoin and Ethereum, two of the big...
Mexico's President Claudia Sheinbaum has chosen Maria del Carmen Bonilla to be the new deputy finance minister. This decision ends weeks of guessing about who would take the job. Bonilla has been working at the finance ministry since 2021. She has been in charge of the unit that deals with public credit and international affairs. If approved, she will replace Edgar ...
In Germany, Chancellor Friedrich Merz is facing a tough time. A recent poll shows that his conservative party is now in second place, behind the far-right Alternative for Germany (AfD). This poll comes after a challenging summer for Merz, filled with controversial decisions that upset both his supporters and opponents. One of Merz's recent moves was to stop sending ...
President Donald Trump, now in his second term, is known for his unique approach to leadership. He doesn't stick to traditional presidential duties. Instead, he mixes business tactics with political strategies. This style has sparked both praise and criticism. Trump's method is hands-on and personal. He uses social media and his influence to push his agenda. He does...
The national debt is a hot topic, and for good reason. It's growing, and that's a problem we can't ignore. Mary Childs, a journalist from Planet Money, recently shared her thoughts on why we should be concerned about this issue. In a recent discussion, Childs joined a panel that included Felix Salmon, Elizabeth Spiers, and Emily Peck. They talked about why the usual...
A heated exchange unfolded online when President Donald Trump took to his Truth Social platform to criticize the Wall Street Journal's editorial board. The board had been vocal about their disapproval of Trump's tariff policies, even nicknaming him "Tariff Man" in their opinion pieces. Trump fired back, claiming the board's negativity stemmed from their globalist lea...