The world is moving towards digital money. China and Europe are already making big moves with their digital currencies. Yet, some in the U. S. are resisting the idea of a digital dollar. This hesitation could cost Americans a lot of money and privacy. Right now, private companies handle most digital payments. They collect and sell your data. A government-backed digi...
Europe is falling behind, and someone needs to say it. That someone was Jamie Dimon, the head of JPMorgan Chase. He didn't sugarcoat things when he spoke at an event in Ireland. He said Europe is losing ground to the U. S. and Asia. This isn't news to many, but it's a stark reminder. Europe used to be closer to the U. S. in economic terms, but that gap is widening. ...
The U. S. dollar has taken a significant hit this year, dropping more than 10% in value. This is the worst decline since 1973, when President Nixon ended the gold standard. The dollar's fall is surprising because the U. S. economy is still strong. Some investors are worried that this drop could mean a long-term change for the U. S. economy. One reason for the dollar...
The British pound recently reached a near four-year high against the dollar. This happened because of some big news about the US Federal Reserve. The Wall Street Journal reported that President Trump might name a new head of the Federal Reserve sooner than expected. This news made the dollar weaker and the pound stronger. Trump has been very vocal about his displeas...
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...