Latest Updates Around The World
It’s been a turbulent week in the world of global trade. From chairman Donald Trump‘s tariff battles to a potential AI crisis, here’s a quick recap of the week’s top stories. Peter Schiff challenges Trump’s tariff strategy Renowned economist Peter Schiff criticized US trade policy on Friday. This came as Trump announced a new 10% […]
President Donald Trump called for a one-year limit, setting credit card interest rates at 10%, saying the American public is being “ripped off.” The move has drawn criticism from both sides of the political spectrum, with Sen. Sen. Bernie Sanders (I-Vt.) called it “unacceptable.” Trump announced the limit on Friday from January 20 in a […]
The S&P500 pushed to new record highs in afternoon trading on Wednesday, extending a three-day rally and setting expectations for a fourth straight gain. • Alphabet stocks are moving into positive territory. Why Are GOOG Stocks Rising? By midday, the benchmark index in New York was hovering around 6,963.30, up 0.3%. The Nasdaq100 performed better, […]
For months, the U.S. labor market has been sending mixed signals, cooling in some places and holding steady in others, leaving investors unsure whether the slowdown is orderly or whether something more vulnerable is forming beneath the surface. That uncertainty comes to a head this week. On Tuesday, the Bureau of Labor Statistics will release […]
As the week comes to a close, it’s time to catch up on the biggest stories that shaped the week. By Michael BurryFrom the ominous prediction about the US banking system to the Federal Reserve’s strategic move to insulate itself from political interference, here’s a look at the key events that transpired. The Federal Reserve’s […]
Risk sentiment dominated Wall Street on Friday, with selling pressure mounting in AI-linked names and pushing tech stocks toward their worst week since April. By noon in New York, the Nasdaq100 fell 1.9%, pushing weekly losses to almost 5%, while the S&P500 fell 1.2%, down about 3% over the week. Investors’ concerns about the labor […]
A new analysis by economist Bob Elliott warns that a “sharp increase in rate-related price increases” will keep inflation “stuck above 3%,” effectively wiping out any disinflationary relief consumers received from falling rents. Tariffs fuel ‘price rises’ while putting pressure on household spending In a substack remarkthe CEO of Unlimited Funds argued that this dynamic […]
It was an eventful week in the business and political world. Here’s a quick look at the top stories you may have missed. Trump’s ‘Liberation Day’ tariffs are counterproductive, the silence in China speaks volumes Nobel Prize-winning economist Paul Krugman has warned that the “Liberation Day” tariffs were imposed by the former president Donald Trump […]
While much attention is often paid to foreign ownership of U.S. debt, new analysis shows that the Federal Reserve has been the top seller of U.S. Treasury bonds over the past three years. The central bank has reduced its assets by as much as $1.5 trillion since May 31, 2022, a move that dwarfs the […]
