Discussions between China and the U.S. continue, with China emphasizing the need for de-escalation in trade tensions. Analyst Bessent suggests that while tariffs imposed by the U.S. may […]
DOGE’s mass federal workforce cuts may cost taxpayers $135 billion this fiscal year alone
Proposed federal workforce cuts by the Department of Government Efficiency (DOGE) could cost U.S. taxpayers approximately $135 billion in this fiscal year alone. Critics argue that while the […]
Two Social Security Payments Scheduled for First Week of May 2025
Recipients of Social Security will receive two payments in the first week of May 2025 due to June 1 falling on a Sunday. Typically, Supplemental Security Income (SSI) […]
Bessent Discusses Trump’s Trade Negotiation Strategy with China
Treasury Secretary Scott Bessent discussed President Donald Trump’s trade negotiation strategy regarding China but admitted he was unsure if direct talks were occurring between Trump and Chinese President […]
Corporate Executives Discuss Tariffs in Recent Earnings Calls
As the first-quarter earnings season progresses, investors have been presented with numerous quarterly reports from major corporations and Dow 30 components. A recurring theme during these earnings calls […]
US Consumer Sentiment Sees Largest Drop Since 1990 Amid Trade Uncertainty
US consumer sentiment experienced its sharpest decline since the 1990 recession in April, largely due to trade policy uncertainties and inflation concerns. According to the University of Michigan’s […]
Did international trade really kill American manufacturing?
President Donald Trump has vowed to rejuvenate American manufacturing by imposing broad tariffs. These measures aim to encourage companies to bring their operations back to the U.S., transforming […]
Saudi Arabia’s Minister of Finance Discusses Global Economic Challenges
Saudi Arabia’s Minister of Finance, Mr. Mohammed Aljadaan, addressed the Fifty-First Meeting of the International Monetary and Financial Committee (IMFC). The global economy is at a critical juncture, […]
Treasury Secretary Bessent Meets Japanese Finance Minister Kato to Discuss Trade and Exchange Rates
Secretary of the Treasury Scott K.H. Bessent met with Japan’s Finance Minister Katsunobu Kato for their first in-person bilateral meeting. They discussed reciprocal trade relations and expressed satisfaction […]
Contender to Succeed Jay Powell Criticizes Fed for Systematic Errors
A potential successor to Jay Powell has criticized the Federal Reserve for making systematic errors. This contender argues that the central bank needs a new approach to address […]