The idea of raising taxes on millionaires is facing strong opposition from top Republicans. President Donald Trump and House Speaker Mike Johnson have both spoken out against it. They argue that such a move could drive wealthy individuals out of the country. Trump pointed out that with modern transp
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
The housing market is facing a tough start to the spring season. The reason is a mix of higher mortgage rates and worries about the economy. This has led to a slowdown in home sales. In March, sales of previously owned homes dropped by 5. 9% compared to February. This brings the annualized rate
A group of twelve states took a stand against the federal government. They filed a lawsuit. The reason? They believe the government is breaking the rules by raising taxes through tariffs. These tariffs were put in place using a law called the International Emergency Economic Powers Act. This law giv
The airline industry is facing a rough patch. Southwest Airlines has joined Delta and United in pulling back its financial predictions. Why? The trade tensions sparked by the previous US president have created a lot of uncertainty. This is the biggest challenge the industry has faced since the COVID
Renewable energy sources like wind and solar are crucial for reducing carbon emissions. However, their unpredictable nature makes it tough to keep the power grid stable. This is where advanced energy storage systems come in. Among these, gravity energy storage systems (GESS) stand out. They are scal
The Federal Reserve's chair, Jerome Powell, has been a frequent target of former President Trump's criticism. Trump has repeatedly expressed frustration with Powell's approach to interest rates. He has even hinted at the possibility of removing Powell from his position. However, Trump has not follow
Ahmed al-Shara is no longer just a rebel leader. He is now the president of Syria. He is trying to rebuild a country torn apart by war. His journey from rebel commander to president has been anything but simple. In the past, his alliances were clear-cut. Turkey backed him, while the Assad regim
The trade battle between the United States and China has been heating up. The world's two largest economies are at odds, and it's causing waves in global markets. This is not just about money. It's about the future of both countries' economies. The US wants China to rely less on making stuff to
The U. S. government has been vocal about the need for significant changes in how the International Monetary Fund (IMF) and the World Bank operate. This push comes at a time when there are worries that the U. S. might pull out of these global financial bodies altogether. The U. S. has been making wa
