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...
The US job market is facing some tough times. The number of job openings has gone down. This is a sign that employers are not as eager to hire as they were before. This drop in job openings is a clear sign that something is changing in the job market. The federal government is one of the places where this change is most noticeable. Layoffs in the federal governm...
The Trump administration had big plans for the stock market. The idea was simple: cut taxes, reduce regulations, and watch as tech giants flocked to public exchanges. This was supposed to kick-start a wave of initial public offerings (IPOs). Experts like Goldman Sachs CEO David Solomon were optimistic, predicting a surge in IPO activity. But the reality has been ...
Taiwan's Economic Ministry holds the keys to a massive US investment by TSMC. This isn't just about money. It's about national security and economic growth. The ministry, led by J. W. Kuo, has the final say on whether TSMC can pour $100 billion into US chip manufacturing. This isn't a small deal. It's a huge chunk of change that could shake up the global semiconducto...
The auto industry is facing a significant change. A new policy has been introduced that will affect how cars and parts are traded. This policy will impose a 25% tax on all cars and parts that are not made in the United States. This tax will start on April 3, 2024, at midnight. The goal is to boost the US auto manufacturing sector, which has been around for decades. ...
The stock market saw a boost on Monday. Why? Because it looks like the big tariff announcement planned for April 2 might not be as harsh as first thought. For weeks, the Trump administration has been building up April 2 as a major day for tariffs. But now, it seems they might be backing down from their tough talk. The Wall Street Journal and Bloomberg reported that ...
The current market mood is far from cheerful. Investors are feeling the same gloom that consumers are experiencing. A recent survey by the University of Michigan showed that consumer sentiment has hit its lowest point since 2022. This gloomy outlook is mirrored on Wall Street, according to surveys from the Bank of America and CNBC. The stock market has resumed its do...
There is a big debate happening in Washington. Some politicians want to make a huge tax cut seem free. They want to use a clever trick to make a $4 trillion tax cut look like it costs nothing. This trick involves assuming that all current policies, including those set to expire, continue forever. This move is not about changing the actual cost of the tax cuts. I...
The latest data from the Commerce Department revealed that retail sales in the US saw a modest increase in February. This uptick was smaller than what analysts had predicted, raising questions about the strength of consumer spending. This is crucial because consumer spending is a major driver of the US economy. The February sales figures showed a 0. 2 percent increa...
The Trump administration is trying to stop a financial crisis. They think it could happen because the government has been spending too much money for a long time. The Treasury Secretary, Scott Bessent, said this on a TV show. He thinks that if they keep spending like this, it will be a big problem. He said, "We are resetting, and we are putting things on a sustainabl...