How Donald Trump’s immigration crackdown may tank the labor market
The US labor market is no longer what it was six months ago. Job creation has slowed sharply, hiring data has been revised down, and the workforce has shrunk by…
Economy
1513 posts
Retail investors shift focus to Europe as US valuations stretch
As retail traders begin to tire of short-lived rallies in meme stocks like Krispy Kreme and Kohl’s, a broader and potentially more sustainable trend is taking shape in global markets.…
Berkshire Hathaway posts 4% dip in Q2 operating profit, writes down Kraft Heinz stake
Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty. Operating income dropped to…
Canada ponders over retaliation costs against US tariffs
The Canadian government faces a mounting economic and political challenge after the US increased tariffs on Canadian products to 35%, marking a sharp divergence in how Washington is handling trade…
Trump calls Powell a ‘MORON’, urges Fed board to take control over rate cuts
US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly…
Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead
US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as…
BOE rate cuts offer little relief as UK households face mounting financial strain
One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for…
Analysis: US tariffs threaten Russian crude exports to India
Concerns about potential supply disruptions, which had temporarily driven up prices, have been alleviated by Russia’s agreement to a 10-to-12-day deadline to end its invasion and implement a complete ceasefire…
Asian currencies reel as Trump’s new tariffs spark market jitters
Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens…
Can China surpass the US as the world’s leading power?
China looked unstoppable a decade ago. Its economy roared. Cities grew. Factories churned.A familiar story was told that China would overtake the US and a new world order would begin.But…