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...
Trump's threat to slap tariffs on Canada and Mexico didn't really stick. Pushing back against the idea of trade war, Trump himself stepped back from the brink. If you look at the whole situation, the administration quickly backtracked from its tough talk. Mexico and Canada, to avoid tariffs, they made promises to increase border security with a vague promise to st...
The United States started 2025 with a hiring slowdown. Although January saw only 143, 000 jobs being added, the unemployment rate fell to 4%, according to U. S. Bureau of Labor Statistics. Experts had expected a higher job increase of 170, 000, alongside a steady unemployment rate of 4. 1%. The unexpected weather conditions, including severe winter weather ...
What we need is a higher tariff of 25 percent. The U. S. trade wars are escalating inflation, changing the economy and affecting crucial monetary negotiations. The main reasons for the uncertainty of the situation is to do with trade going up and down . The tariffs from the recent American tariffs on Chinese and Canadian imports could make the US Fed's job m...
In the heart of Davos, Donald Trump’s shadow loomed large as he addressed the World Economic Forum. His demands were fierce: cut oil prices, slash interest rates, invest in US factories, or face consequences. Trump used a powerful mix of charm and force, provoking both laughter and concern among global leaders. His first week in office saw a whirlwind of executive or...
Donald Trump has announced plans to create a new agency called the "External Revenue Service" to manage tariffs and duties from foreign sources. He shared this idea on his social media platform, stating that it would start operating on his inauguration day, January 20, 2025. This agency seems to be inspired by the Internal Revenue Service (IRS), which handles domesti...
Treasury Secretary Janet Yellen recently shared her views on the ongoing inflation issue, suggesting that the stimulus packages implemented during the COVID-19 pandemic might have played a small role. However, she emphasized that the primary cause of rising prices was the pandemic itself, which led to significant supply chain disruptions. Yellen highlighted the neces...