A significant change is brewing in the political landscape. A conservative senator from Missouri, Josh Hawley, is pushing for a raise in the federal minimum wage. This move places him in an unexpected alliance with some of the most liberal members of Congress. The proposed legislation, named the "Higher Wages for American Workers Act, " aims to increase the federa...
The U. S. needs to prioritize its defense capabilities over digital currency investments, according to a prominent business leader. This individual believes the country should be stockpiling essential military equipment and strategic resources rather than focusing on cryptocurrencies like bitcoin. This perspective was shared at a significant economic forum in Califor...
The trade relationship between the United States and China hit a rough patch. The latest development? A public accusation from the U. S. President. He claimed that China had not kept its end of a recent trade bargain. This news sent a ripple through the stock market, causing a slight dip in early trading. Trade agreements are complex. They involve lots of back-and-f...
The US is shaking things up again with a major change in steel and aluminum import taxes. Starting this Wednesday, the tariff rate on these imports will jump from 25% to 50%. This move is part of a broader strategy to boost local steel production and reduce dependence on foreign suppliers, particularly China. The announcement came from President Trump during a rally...
The legal landscape for President Trump's tariffs has become a complex maze. The recent court decisions have thrown a wrench into the works, leaving many to wonder what comes next. The tariffs, which were a key part of Trump's economic strategy, have faced significant legal challenges. Two federal courts have ruled against the tariffs, striking down levies on dozens ...
The financial world is a complex web. It is a place where currency values and global stability are key players. This is especially true in international trade and investment. However, not much has been written about how currency shocks affect newly industrialized Asian countries. These countries are Thailand, India, and China. This is a big gap in understanding....
The Federal Reserve's top official, Jerome Powell, had a sit-down with President Trump. This meeting happened at a time when Trump was pushing hard for lower interest rates. The Fed's official statement made it clear that Powell did not talk about future plans for interest rates. He emphasized that any decisions would be based on economic data, not political pre...
The trade war has been a rollercoaster for small businesses. The recent news of reduced tariffs between the US and China might seem like a win, but it's not all sunshine and rainbows for small business owners. For many, the struggle is far from over. The tariffs have been a massive headache for small businesses. They've had to deal with sudden cost increases, disrup...
The head of the Federal Reserve, Jay Powell, recently spoke to university students about the importance of protecting democracy. He highlighted that American universities are a key strength of the country, leading in innovation and economic growth. These institutions are admired worldwide and are vital to the nation's success. Powell's speech came just days after th...
The US government's credit rating just took a hit. The news came from Moody's Ratings, which made the announcement on a Friday evening. This change is expected to make the start of the trading week rough for investors. The reason? Worries about the US debt, not trade issues, are the main culprit this time. The downgrade means the US government is no longer at the to...