Although the 145% tariff on Chinese imports lasted only one month, it left significant marks on the economy. Global trade cannot simply be switched on and off at […]
Economy
Posted on:
Why Are So Many Retirees Filing for Social Security Earlier?
A growing number of retirees are opting to file for Social Security benefits earlier than the full retirement age. This trend can be attributed to various factors, including […]
Economy
Posted on:
Some Social Security Recipients Face 15% Benefit Cut Starting Next Month
Social Security recipients who are behind on student loan payments may see their benefits reduced by as much as 15% starting next month. The Trump administration announced in […]
Economy
Posted on:
Postponing Retirement: Considerations Amid Economic Uncertainty
The current uncertain macroeconomic environment poses challenges for retirement planning. Many older Americans are reconsidering their retirement timelines due to concerns about potential recessions, market volatility, inflation, and […]
Economy
Posted on:
Japan’s economy contracts more than expected due to export decline and Trump tariffs
Japan’s economy contracted more than anticipated in the first quarter of 2025, official data released on Friday for the January to March period reveals. Japan’s Gross Domestic Product […]
Economy
Posted on:
Japan’s Economy Contracts More Than Expected Amid Looming US Tariff Threat
Japan’s economy contracted for the first time in a year during the March quarter, shrinking at a faster pace than expected. Preliminary government data showed real gross domestic […]
Economy
Posted on:
Hard Data Indicates Tariff-Driven Inflation and Recession Concerns May Be Exaggerated
Recent hard data indicates that fears of tariff-driven inflation and potential recessions may be overstated. Inflation rates have been declining, hitting 2.3% in April, which is lower than […]
Economy
Posted on:
Older Americans Face Risk as Government Resumes Social Security Garnishment for Student Loan Debt
NEW YORK (AP) — Christine Farro, a 73-year-old retired child welfare worker in Santa Ynez, California, has drastically reduced her expenses to live on a tight budget. However, […]
Economy
Posted on:
US Producer Prices Drop in April Amid Tariff Pressures
In April, the US experienced a notable decline in producer prices, largely attributed to the ongoing impact of tariffs that have squeezed profit margins for businesses. This trend […]
Economy
Posted on:
UK Economy Surprises with Stronger-than-Expected Growth
The UK economy grew by 0.7% in the first quarter of 2025, surpassing expectations. Analysts had predicted a growth rate of 0.6%, making the actual figure a positive […]