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 ...
Apple has a new plan to invest a massive $500 billion in the U. S. over the next five years. This isn't just about money. It's about jobs and technology. Apple wants to hire 20, 000 new workers and build AI servers. They're also planning to open a server factory in Houston by 2026 and a manufacturing academy in Detroit. Plus, they're expanding data centers in several...
First things first, you might think that paying less for travel would be something people would want. Think again. President Donald Trump has recently taken steps to make the economy more unpredictable. Yet, the Federal Reserve’s top boss Jerome Powell, announced that they are not in a hurry to cut interest rates. Why isn’t Powell in a rush? Last year, the Fed slashe...
The steel and aluminum sectors are buzzing with the latest news from the White House. The American president has announced a significant increase in tariffs in a move that some believe will hurt and some believe will boost the US economy, and those sectors in particular. This is not the first time the US has raised steel and aluminum tariffs. However, this time, th...