London’s Heathrow Airport has announced a complete shutdown for all of Friday due to a ‘significant power outage’ caused by a large fire at an electrical substation nearby. […]
Economy
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Tariff Risks Constrain Both Trump and Powell’s Economic Strategies
President Donald Trump and Federal Reserve Chairman Jerome Powell acknowledged the potential impact of tariffs on the U.S. economy, adopting stances that contrasted with their earlier positions. Following […]
Economy
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Jerome Powell insists pain from tariffs will be ‘transitory’
Federal Reserve Chair Jerome Powell reiterated his stance that the economic pain caused by tariffs would be ‘transitory.’ In a recent statement, Powell mentioned that the projected impact […]
Economy
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FedEx Warns of U.S. Economic Challenges Amid Revenue Forecast Cut
FedEx has become the latest company to issue a warning regarding the U.S. economy. The company has cut its full-year revenue forecast due to challenges in replacing a […]
Economy
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How Would The Federal Reserve Fight ‘Stagflation?’
The Federal Reserve has established strategies for combating inflation and stimulating the economy during periods of rising unemployment. However, what would the central bank do if stagnant growth […]
Economy
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EUR/USD Declines Amid US Dollar Strength and Trade War Concerns
The EUR/USD currency pair has fallen to near 1.0830 as the US Dollar strengthens during North American trading hours. The US Dollar Index (DXY) has risen to approximately […]
Economy
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Social Security’s new in-person identification requirement sparks controversy
The Social Security Administration’s plan to require in-person identity checks for millions of new and existing recipients, while simultaneously closing government offices, has sparked controversy among lawmakers, advocacy […]
Economy
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Social Security makes important change for direct deposit of benefits
WASHINGTON – Recipients of Social Security benefits who use direct deposit may soon see their funds available more quickly. The federal government announced changes on Wednesday that will […]
Economy
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Preliminary Report Suggests Delta Plane Crashed Due to High Rate of Descent at Pearson Airport
A preliminary report from the Transportation Safety Board of Canada suggests that the Delta Air Lines flight which crashed at Pearson airport last month had a high rate […]
Economy
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Amtrak CEO Resigns Amid Threatened Funding Cuts by Trump Administration
Amtrak CEO Stephen Gardner announced his resignation, ensuring Amtrak retains the confidence of the administration which is targeting funding for transit systems. The statement did not disclose a […]