Nike is feeling the heat from U. S. trade policies. The sportswear giant warns that tariffs could add a cool $1 billion to its costs this year. To soften the blow, Nike plans to cut back on making its products in China. This shift is a big deal because China currently makes about 16% of Nike's shoes sold in the U. S. By the end of May 2026, that number will drop to a...
The world economy is facing a tough time. It is expected to grow at a slower pace this year. Inflation is also expected to be higher than what was predicted earlier. These predictions come from the International Monetary Fund. They show how the U. S. trade war is affecting the global economy. The U. S. has been imposing tariffs on many of its trading partners. T...
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...
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 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...
The U. S. is facing a tourism dilemma. Many Europeans are starting to think twice before planning a trip to the United States. Why? Because of the increasing number of reports where European travelers have been held at U. S. borders or detention centers. These incidents have left many confused and frustrated. There are no clear reasons given for these detentions. Th...