The world of cryptocurrency is facing a tough time. Bitcoin, the most famous digital currency, has been stuck in a holding pattern. Meanwhile, a big shot in the finance world, Ray Dalio, has some serious warnings about the global economy. He thinks the U. S. might be heading for something much worse than a simple recession. Dalio, who correctly predicted the 2008 fin...
Flint, Michigan, is a city that has seen better days. The General Motors Flint Assembly plant is a massive factory that produces the popular Silverado truck. This plant is a big deal for Flint, a city of about 80, 000 people in the heart of Michigan's auto industry. The plant has been a steady source of jobs and economic stability for the region. The city has a hist...
The trade policies of the Trump administration have caused a stir among Americans. Some have started to change their spending habits. This is because of the uncertainty surrounding tariffs and their potential impact on the economy. The President's policies have led to a mix of fear and strategic planning among consumers. Some are stocking up on essentials, while o...
The sudden spike in tariffs on Chinese goods has left many US businesses in a tough spot. For years, companies like Learning Resources have relied on China for manufacturing. Rick Woldenberg, the CEO, had planned for a 40% tariff increase, thinking it was the worst that could happen. But then, the US government raised the tariffs to 54%, and later to 145%. This massi...
The mood in the room changed instantly. It was April 2, and the news of new tariffs on Chinese goods had just hit. Matt Rollens, a business owner, was in Las Vegas with hundreds of others. The atmosphere shifted dramatically. The tariffs were a big surprise, and not a good one. Everyone was worried about what this meant for their businesses. Many of these tariffs we...
The US economy is facing some significant shifts, and it's all thanks to recent trade policies. Before diving into the details, it's important to understand that the Producer Price Index (PPI) is a key indicator of inflation. It measures the average change in prices received by producers of goods and services. This index can give economists a sneak peek into future r...
The U. S. is making a big push to boost its maritime industry. A recent directive has set the wheels in motion for a comprehensive plan to strengthen America's presence on the seas. This plan, known as the Maritime Action Plan, aims to revitalize the U. S. maritime sector, which has been struggling for years. The maritime industry in the U. S. has faced numerous cha...
The United States has been the world's economic powerhouse for decades. Yet, the recent trade policies have stirred up global markets and sparked fears of a recession. The latest round of tariffs, effective from midnight Wednesday, has increased import taxes on numerous countries and territories. This move has left economists baffled, especially since the U. S. econo...
The US economy is facing a rocky road ahead. Many top business leaders are worried that the country might already be in a recession. A recession means the economy is shrinking, with less money being spent and fewer jobs available. This can last for several months and is usually marked by a drop in things like GDP, employment, and business investments. One of the mai...
The 2024 US election is looming, and with it, a wave of uncertainty for American businesses. At the heart of this storm is Donald Trump's trade war, which has left many companies scrambling to figure out their next move. The challenge is twofold: how to adapt to the president's tariffs without angering the White House. The fear is palpable. Many corporate leaders ar...