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
Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike.
Jerome Powell, the head of the Federal Reserve, spoke up about tariffs and inflation during a recent chat with senators. He said that the new tariffs might make prices go up in the coming months. This means that everyday items could cost more. Powell also mentioned that most Fed officials think cutt
Some Federal Reserve officials are now echoing President Trump's calls for lower interest rates. Michelle Bowman, a key Fed official, recently suggested that the central bank should consider cutting rates soon to support the job market. She believes that if inflation stays under control, a rate cut
In the heart of Indiana, Indianapolis stands out as the city with the biggest Burmese population in the United States. This community, numbering around 30, 000 people, is feeling the pinch from recent policies. Tariffs and a travel ban have made life and business tougher for many. The owner of Chin
Tariffs have been a hot topic, leaving many wondering what will happen next. One smart economist has an interesting idea. They think Trump might have a clever plan up his sleeve. This plan could keep tariffs at a reasonable level. It would give countries time to open up their economies. This way, ev
The legal battle over tariffs is heating up. Two companies that make educational toys have taken a big step. They asked the Supreme Court to speed up their case against tariffs. These tariffs were put in place by the President. The companies want the Supreme Court to hear their case right away.
The Federal Reserve faces a tricky situation. The economy is doing pretty well, but there are some worrying signs. Inflation is going down, and unemployment is low, at 4. 2%. But here’s the twist: President Trump’s tariffs might make inflation go up and slow down growth. So, what’s the Fed to do? Th
Big companies are making big changes. They are cutting jobs. Why? It's not just about saving money. It's about adapting to a changing world. The global economy is uncertain. Trade tensions are high. And technology is advancing fast. Artificial intelligence is a big part of this. It's changing how co
The United States is experiencing some significant economic shifts. The country's leader has decided to double the tariffs on imported steel and aluminum. This means that the tax on these materials will go from 25% to 50%. The goal? To protect jobs in the domestic steel and aluminum industries. Howe
