President Trump has decided to cross Scott Bessent off his shortlist for the next Federal Reserve chair. Bessent, who serves as the Treasury Secretary, made it clear he's happy with his current role. Trump shared this news during an interview and even joked about picking TV anchors for the job. Tru
The Federal Reserve, a key player in the U. S. economy, is under the spotlight as President Donald Trump plans to visit its headquarters. This visit comes as Trump and his allies question the Fed's recent building renovations, which have seen costs rise significantly. The president has been vocal ab
The crypto market reached a new high, crossing $4 trillion, while traditional stocks remained mostly unchanged. This surge happened after Congress approved a major bill for digital assets. The S&P 500 and Nasdaq saw small gains, but the Dow Jones dipped slightly. On Thursday, the House passed three
The Federal Reserve's headquarters is getting a major upgrade, but the project is way over budget. This has caught the attention of former President Donald Trump, who has been critical of Fed Chair Jerome Powell. The renovation of the Fed's main building and other structures in Washington, DC, has s
Free Trade Zones (FTZs) are like special zones where businesses get extra perks to trade globally. A recent study looked at companies listed on the Shanghai and Shenzhen stock exchanges from 2009 to 2022. It found that FTZs really help businesses expand internationally. The study used a method call
The US has slapped a 17% tariff on Mexican tomatoes, a move that could make your pizza and salsa more expensive. Why? The US claims Mexican tomatoes are being sold too cheaply, hurting local farmers. But Mexico says their tomatoes are just popular because they're good. This isn't the first time the
The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back.
Markets were on shaky ground Thursday morning. The Dow and S&P 500 futures were down, while the Nasdaq was looking at a small gain. This came after President Trump dropped a big announcement late Wednesday night. He said the U. S. would slap a 50% tariff on Brazilian goods starting next month. This
Fourteen countries got a wake-up call from the U. S. They have until August 1 to make a deal. If not, they'll pay more to sell their stuff to America. The U. S. is playing hardball. They say, "Make a deal or pay more. " But if these countries fight back with their own taxes, the U. S. will hit them
President Trump is pushing hard to finalize trade deals before tariffs increase for many countries. His main goals? Boost American manufacturing, increase U. S. revenue, balance trade, and pressure other nations to play by America's rules. Trump sees tariffs as a magic fix. He believes they can bri
