In a recent announcement, the Japanese tech giant, SoftBank, revealed plans to invest a whopping $100 billion in the United States. This significant investment is expected to create at least 100, 000 jobs in the fields of artificial intelligence and technology. The announcement was made by President
President-elect Donald Trump's plan includes heavy tariffs on imports, especially from China. This could be bad news for local shops. Those small businesses rely on global supplies, like the foods we eat or parts for repairs. If the costs rise by 20 to 100 percent, some shops might close. The probl
Investors seem to be feeling more at ease with Donald Trump's choice for Treasury secretary. At 5:42 a. m. ET, the 10-year Treasury yield dropped by over 6 basis points to 4. 347%, while the 2-year yield fell by more than 2 basis points to 4. 348%. This change came as investors considered Trump's se
Business leaders are letting out a collective sigh of relief after President-elect Donald Trump picked Scott Bessent to lead the Department of Treasury. Bessent, a 62-year-old hedge fund executive, faced some internal debates before securing the role. His global investment experience and bipartisan
During Donald Trump's first term, Wall Street picked up on something big: the stock market was his scoreboard. He celebrated rallies, advised Americans to buy when prices dipped, and even thought about firing the Fed Chair, Jerome Powell, when the market dropped. Now, as he gears up for another run
Imagine a world where childcare costs less, taxes are lower, and Social Security gets a boost – that’s what Donald Trump promised. But will these promises become reality? Let’s break it down. First, childcare. Trump talked about expanding the child tax credit, which is like a helping hand for paren
Last week, Federal Reserve Chairman Jerome Powell spoke at an event in Dallas. He emphasized the importance of the Fed's independence from politics. Powell got a big laugh from the crowd when he avoided talking about President Trump's plans to deport undocumented immigrants. He made it clear that po
Federal Reserve Chairman Jerome Powell has been skillfully avoiding questions about President-elect Donald Trump. However, as Trump's ambitious economic agenda takes shape, Powell might not be able to dodge the topic forever. Trump's plans include significant tax cuts, increased government spending,
Imagine you're an economist, trying to figure out the best way to help people with money. You might think you're just dealing with numbers and facts, right? But hold on, because here's a secret: economics can't hide from politics. In fact, every time an economist says what should be done, they're re
Just days after Donald Trump's 2024 election win, markets are buzzing. Dow futures jumped by nearly 1, 400 points, around a 3. 2% boost, pushing the blue-chip market to record heights before trading started on Wednesday. The S&P 500 futures followed suit, up over 2%, and the tech-heavy Nasdaq Compos
