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...
President Trump has decided to cross Scott Bessent off his shortlist for the next Federal Reserve chair. Bessent, who serves as the Treasury Secretary, made it clear he's happy with his current role. Trump shared this news during an interview and even joked about picking TV anchors for the job. Trump mentioned he has four finalists in mind to replace Jerome Powell, ...
The Federal Reserve, a key player in the U. S. economy, is under the spotlight as President Donald Trump plans to visit its headquarters. This visit comes as Trump and his allies question the Fed's recent building renovations, which have seen costs rise significantly. The president has been vocal about his desire for lower interest rates, a stance that has put him at...
The crypto market reached a new high, crossing $4 trillion, while traditional stocks remained mostly unchanged. This surge happened after Congress approved a major bill for digital assets. The S&P 500 and Nasdaq saw small gains, but the Dow Jones dipped slightly. On Thursday, the House passed three crypto-related bills. Two of these bills moved to the Senate for fur...
The Federal Reserve's headquarters is getting a major upgrade, but the project is way over budget. This has caught the attention of former President Donald Trump, who has been critical of Fed Chair Jerome Powell. The renovation of the Fed's main building and other structures in Washington, DC, has seen costs soar from $1. 9 billion to $2. 5 billion. This has sparked ...
Free Trade Zones (FTZs) are like special zones where businesses get extra perks to trade globally. A recent study looked at companies listed on the Shanghai and Shenzhen stock exchanges from 2009 to 2022. It found that FTZs really help businesses expand internationally. The study used a method called difference in differences. This compares businesses inside and out...
The US has slapped a 17% tariff on Mexican tomatoes, a move that could make your pizza and salsa more expensive. Why? The US claims Mexican tomatoes are being sold too cheaply, hurting local farmers. But Mexico says their tomatoes are just popular because they're good. This isn't the first time the US and Mexico have fought over tomatoes. Back in 1996, US farmers co...
The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back. Trump's letters to the EU and Mexico point out that the US has been ...
Markets were on shaky ground Thursday morning. The Dow and S&P 500 futures were down, while the Nasdaq was looking at a small gain. This came after President Trump dropped a big announcement late Wednesday night. He said the U. S. would slap a 50% tariff on Brazilian goods starting next month. This is the highest tariff announced so far. The White House said it was a...
Fourteen countries got a wake-up call from the U. S. They have until August 1 to make a deal. If not, they'll pay more to sell their stuff to America. The U. S. is playing hardball. They say, "Make a deal or pay more. " But if these countries fight back with their own taxes, the U. S. will hit them even harder. Let's look at some of these countries and what they're ...