A significant shift in trade policy has occurred, as new tariffs have been imposed on Mexico, Canada, and China. The move, announced at a club in Florida, aims to curb drug trafficking and illegal immigration. However, this decision might lead to higher prices for everyday items, from avocados to ca
When you look at the economy, you see the Central Bank of Europe just did something big. They chopped interest rates. This is huge. It's the fifth time they've done this in a row. Right now, the economy is moving slowly in Europe. That's why they cut the key rate.
In its final 2024 meeting, the Federal Reserve announced a shift in how it sets interest rates, declaring a "new phase. " The Fed plans to proceed carefully with any future cuts due to a lack of immediate signs of a recession and ongoing inflation. This week, the Fed is expected to halt further redu
The S&P 500 reached an all-time high on Thursday, breaking the record set in December. This uptick came after more than a week of gains, sparked by signs that inflation was slowing down more than expected in December. President Trump's commitment to lower oil prices, a key factor in inflation, also
China's financial regulators have introduced a series of measures to encourage big state-owned funds and insurers to buy more stocks. The aim is to support a struggling stock market. On Thursday, the chairman of the China Securities Regulatory Commission, Wu Qing, announced that large insurance comp
For the cryptocurrency community, Donald Trump's inauguration signifies a long-awaited end to regulatory challenges faced during the Biden administration. The crypto world is welcoming this presidency with open arms, hoping for policy changes that legitimize their industry. Trump's appointment of cr
December brought a big surprise in the job market, with a whopping 256, 000 new jobs added. This was way more than the expected 155, 000, and it even surpassed November's 212, 000 new jobs. The unemployment rate also dropped slightly to 4. 1%. Even a broader measure, including those who are discoura
Hey there, let's talk about something important happening in the US right now. Janet Yellen, the Treasury secretary, just sent a letter to Congress saying we're about to hit our debt limit. That's the amount of money the government can borrow. Yellen said they'll start using some special tricks to k
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
