US equities experienced a significant decline, as investors opted to divest from technology companies, leading to increased volatility. The Dow experienced a decline of 798 points, representing a decrease of 1.65%. The broader S&P 500 experienced a decline of 1.66%, Read More …
Persistent inflation remains a significant burden on the cost of living for numerous Americans. A variety of innovative solutions have surfaced — yet they share a common thread: increasing consumer indebtedness. This week’s proposal for a 50-year mortgage from the Read More …
President Donald Trump, facing the escalating affordability challenges in the United States, has proposed an unconventional remedy: distributing rebate checks to Americans funded by the tariffs collected during his administration. “Individuals who oppose tariffs are misguided!” Trump made a post Read More …
The latest addition to the Federal Reserve’s policymaking team brings a distinctive viewpoint on the US economy that is encountering challenges in gaining acceptance. In September, President Donald Trump appointed Stephen Miran, a prominent economic adviser, to temporarily occupy a Read More …
The likelihood of businesses obtaining tariff refunds increased markedly on Wednesday, following the Trump administration’s arguments to maintain the majority of its levies, which were met with considerable skepticism from various conservative and liberal justices on the Supreme Court. According Read More …
In October, private-sector job creation experienced a rebound, reflecting a labor market snapshot that has garnered increased attention due to the lack of official federal employment statistics. Payroll processing company ADP on Wednesday estimated that private-sector businesses added approximately 42,000 Read More …
The current government shutdown represents not only a historical milestone but also the longest duration in the annals of American governance. It is probably the most detrimental as well. Historically, the economic repercussions of shutdowns tend to be temporary, swiftly Read More …
The major index futures indicate a higher opening on Monday, suggesting that stocks are set to build on the gains achieved in the previous week. The upward momentum is observed alongside an advance by shares of Nvidia, as the AI Read More …
The ongoing federal government shutdown has persisted throughout the month and is poised to set a new record for duration. While historical trends indicate that the economy usually recovers from a shutdown within a few months, the prolonged duration increases Read More …