Walmart CEO Doug McMillon has noted that customers are showing signs of ‘stressed behaviors,’ which have significantly affected the retail giant’s financial standing. This shift in consumer behavior […]
Economy
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Trump to Announce New Auto Tariffs Wednesday
President Donald Trump is set to announce new tariffs on auto imports on Wednesday, according to the White House. The announcement will take place during a press conference […]
Economy
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Trump Describes Reciprocal Tariff Plan as ‘Lenient’
President Donald Trump announced plans to impose reciprocal tariffs on all nations as part of his broader tariff strategy. Despite the sweeping nature of the policy, Trump described […]
Economy
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US Imposes 25% Tariffs on Imported Cars
The US has introduced new trade taxes of 25% on imported cars, announced by President Donald Trump. The tariffs are set to take effect on April 2, with […]
Economy
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Imposition of Trump’s Tariffs on Foreign Cars: Market Reactions and Economic Impacts
Stock markets experienced a decline following the announcement of auto tariffs, with American automaker shares dropping. The S&P 500 fell over 1 percent in mid-afternoon trading, while most […]
Economy
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Trump to Announce Tariffs on Foreign Cars
President Donald Trump is set to announce new tariffs on foreign automobiles. This move marks a significant escalation ahead of the April 2 deadline. The announcement will take […]
Economy
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Consumer confidence plummets to lowest level since January 2021
The economic mood in America continues to worsen as consumer confidence dropped by 7.2 points this month, reaching a reading of 92.9 according to the Conference Board’s latest […]
Economy
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Over 9 Million Student Loan Borrowers Past Due After Payment Pause Ends
An estimate by the Federal Reserve Bank of New York indicates that 9.7 million student loan borrowers became past due on their payments after the Covid-era payment pause […]
Economy
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Wall Street bonuses hit record $47.5B in 2024
In 2024, Wall Street’s bonus pool reached a record high of $47.5 billion, reflecting an average bonus of $244,700 per banker, marking a 31% increase from the previous […]
Economy
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The Golden Age of Private Equity is Over: Implications for Careers
Wall Street’s era of private equity dominance is slowing down after nearly 25 years of outperforming the stock market. Earlier this month, Hamilton Lane reported that the MSCI […]