Traders are rapidly divesting from US assets, reminiscent of trends last seen in the 1980s. Rising recession risks, driven by stringent tariffs, have prompted a global downgrade of […]
Economy
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Chicago Fed’s Goolsbee Stresses Importance of Fed Independence in Inflation Fight
Austan Goolsbee, President of the Federal Reserve Bank of Chicago, emphasized the critical importance of the Federal Reserve’s independence in combating inflation during an appearance on CNBC’s “Squawk […]
Economy
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Klaus Schwab Resigns as Chair of the World Economic Forum
Klaus Schwab, the founder of the World Economic Forum (WEF), has resigned as chair of its trustees. The announcement came shortly after Schwab, aged 87, indicated earlier this […]
Economy
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Chicago Fed President Warns Against Undermining Fed’s Credibility
Chicago Fed President Austan Goolsbee expressed concerns that a move by President Trump to terminate Jerome Powell could undermine the credibility of the Federal Reserve. Goolsbee emphasized the […]
Economy
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China Maintains Key Lending Rates Amid Trade Tensions with the U.S.
China’s central bank, the People’s Bank of China (PBOC), has maintained its key lending rates, keeping the 1-year Loan Prime Rate (LPR) at 3.1% and the 5-year LPR […]
Economy
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Business Strategies Amid Tariff Challenges
The initial reaction to the Trump administration’s imposition of tariffs was shock. Businesses dependent on imported goods anticipated some duties, as promised by President Trump. However, they were […]
Economy
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Donors Who Funded Trump’s Inauguration Revealed
A new report has disclosed the identities of major donors who funded Donald Trump’s inauguration, including billionaire Ken Griffin and Robinhood. The report highlights how wealthy individuals and […]
Economy
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Warren Buffett and Jamie Dimon Advocate for Higher Taxes on Wealthy Individuals
Warren Buffett and Jamie Dimon have expressed support for higher taxation on wealthy individuals to ensure they contribute their fair share to the U.S. government. However, critics argue […]
Economy
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Is the US Dollar at Risk of a ‘Confidence Crisis’?
Following Donald Trump’s ‘Liberation Day’ tariff announcement on April 2, the US dollar has experienced a significant decline. Despite a recovery in US stock markets, the dollar continues […]
Economy
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Good Friday 2025: What’s Open and Closed?
On Good Friday 2025, many businesses and financial institutions in the U.S. will be closed in observance of the holiday. This includes U.S. stock and bond markets, which […]