Last quarter, the U. S. economy took a hit, shrinking by 0. 3%. This dip in the gross domestic product was a surprise to many. People are feeling uncertain about the future, and this uncertainty is affecting their spending habits. They are being more careful with their money, especially when it comes to non-essential spending like dining out. This cautious behavior c...
The American auto industry is at a crossroads. It is a crucial part of the country's industrial backbone. It has driven technological progress for over 100 years. It has shaped manufacturing methods, created new materials, and pushed forward robotics and sensors. The auto industry also fuels jobs and businesses far beyond the factory floor. It supports supply ch...
The United States has always been a beacon of progress, from winning the Civil War to implementing the first progressive income tax. However, recent events have shown a troubling trend toward a more authoritarian style of governance. This shift is led by individuals who prioritize private sector gains over public welfare, ignoring the benefits of federal action and t...
The US is teetering on the edge of a major economic downturn. It might even be worse than a simple recession. A seasoned investor with a knack for spotting trouble has sounded the alarm. Ray Dalio, who predicted the 2008 financial crisis, has warned about the instability caused by recent tariff announcements. These tariffs are shaking up both US b...
The market was shaken up by Trump's back-and-forth on tariffs. By the time trading ended, stocks had regained some lost ground, but the damage was already done. Interest rates spiked, business activity slowed, and the specter of a recession loomed larger. The chance of a U. S. default crept up to 6%, according to prediction markets. Larry Summers, a former Treasury s...
The U. S. economy was in a tough spot. President Trump had thrown a wrench into global trade. He slapped huge tariffs on both friends and foes. This made for an unusual gathering of former Treasury secretaries. They usually welcome the new secretary with smiles and light chat. But this time, the mood was heavy. Steven T. Mnuchin, a former Treasury Secretary, ho...
The CEO of JPMorgan Chase, Jamie Dimon, has sounded the alarm. He believes that the US economy is in for a rough ride. This is due to a mix of factors, both good and bad. On the positive side, there are potential benefits from tax changes and reduced regulations. However, there are also significant challenges. These include trade disputes, persistent inflation, large...
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 economic landscape is shifting, and not in a good way. Tariffs, those extra fees on imports, are back in the spotlight. A big boss at a major bank has spoken out about them. He thinks they'll make prices go up, both for things made here and things brought in from other countries. This could slow down an economy that was already losing steam. This bank leader wro...
The US economy is facing a tough time. The chances of a recession have gone up because of rising tariffs. This is not good news for anyone. A big bank, Goldman Sachs, thinks there is now a 35% chance of a recession in the next year. This is a big jump from the 20% chance they thought a few months ago. Tariffs are taxes on goods coming into the country. They ...